Profit Sharing · DOL Form 5500 · 2024

Gar Company, Inc. Dba Specialties Company Profit Sharing Plan

Data updated 2026-07-24

$7M
Total assets
29
Participants
48th
Percentile by assets
$244,036
Avg per participant
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Official DOL plan name: Specialties Company Profit Sharing Plan · Sponsored by Gar Company, Inc. Dba Specialties Company · Texas · Manufacturing

$7M in assets, 29 participants

Gar Company, Inc. Dba Specialties Company's Specialties Company Profit Sharing Plan reported $7M in total assets and 29 participants in its 2024 DOL Form 5500 filing, ranking in the 48th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 48th percentile by assets (of 116,472 plans)

What the 2024 filing shows

Specialties Company Profit Sharing Plan holds $7M for 29 participants - about $244,036 per participant, in the lower half of filed plans by assets.

$7M
total plan assets (2024 EOY)
29
covered participants
48th
percentile by assets (of 116,472 plans)
$244,036
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Specialties Company Profit Sharing Plan reported net income fell from $191K in the plan year 2023 filing to $157K in the plan year 2024 filing.
  • Specialties Company Profit Sharing Plan end-of-year assets rose from $7M in the plan year 2023 filing to $7M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Industry

Profit Sharing filing for Specialties Company Profit Sharing Plan

Profit Sharing filing for plan year 2024: EIN 741317312 ; effective since 1991-04-01 ; filing status FILING RECEIVED. Verify the certified figures on DOL EFAST2.

Filing particulars (2024)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$7M
Net Income$157K
Employer EIN741317312
Plan Effective Date1991-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gar Company, Inc. Dba Specialties Company)

$6.6M$6.8M$7M$7.2M 202220232024 $6.73M $7.08M ▲ +5.2%
Total plan assets by year, all Gar Company, Inc. Dba Specialties Company plans on file
Year Plans Participants Total Assets
2022 1 27 $7M
2023 1 29 $7M
2024 1 29 $7M

Nearby Profit Sharing Plans in Texas

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Specialties Company Profit Sharing Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants

Specialties Company Profit Sharing Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -0.500.511.522.5 Total assets ($B) Participants Specialties Company …Baylor College of Me…H-E-B Partner Stock …The Defined Contribu…American Heart Assoc…Haynes and Boone Inv…
Specialties Company Profit Sharing Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Specialties Company Profit Sharing Plan by total assets, not by location.

Frequently Asked Questions

How did Specialties Company Profit Sharing Plan assets move in 2024?
Specialties Company Profit Sharing Plan edged up modestly - up 2.3% during 2024, from $7M to $7M. Reported net income was $157K.
How have Gar Company, Inc. Dba Specialties Company plan assets changed over time?
Across 3 plan years on file (2022-2024), Gar Company, Inc. Dba Specialties Company's sponsor-wide assets grew 5.2%, from $7M to $7M.
Which Profit Sharing plans are similar in size to Specialties Company Profit Sharing Plan?
Among Profit Sharing plans in other states, the closest by assets is Falcon's Beyond 401(k) Profit Sharing Plan in FL ($7M, 107 participants).

Next read for Specialties Company Profit Sharing Plan

Filing takeaways

Ways to act on Specialties Company Profit Sharing Plan's numbers.

  • By total assets, Specialties Company Profit Sharing Plan ranks in the lower half of filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Profit Sharing plans in Texas. Compare plans
  • Gar Company, Inc. Dba Specialties Company's sponsor-wide assets have grown 5.2% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 741317312.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.