ESOP · DOL Form 5500 · 2024

Speedrack Products Group, Ltd. ESOP

Data updated 2026-08-25

$13M
Total assets Small plan by assets
252
Participants Below avg headcount
61st
Percentile by assets National rank
$49,841
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Speedrack Employee Stock Ownership Plan · Sponsored by Speedrack Products Group, Ltd. · Michigan · Manufacturing

$13M in assets, 252 participants

Speedrack Products Group, Ltd.'s Speedrack Employee Stock Ownership Plan reported $13M in total assets and 252 participants in its 2024 DOL Form 5500 filing, ranking in the 61st 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.

  • #8,470 in Manufacturing (17,777 peers)

Coverage in Michigan

Speedrack Employee Stock Ownership Plan covers 252 participants in Michigan, about 40% of the average Michigan filer (state average ~638 per filing). Assets: $13M.

#8,470
in Manufacturing (17,777 peers)
-10.6%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Speedrack Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Speedrack Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$12,560,000 Top 39% higher than 61% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Speedrack Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Speedrack Employee Stock Ownership Plan sits mid-pack in the medium band (252 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Speedrack Employee Stock Ownership Plan reported net income fell from $10M in the plan year 2023 filing to -$1M in the plan year 2024 filing.
  • Speedrack Employee Stock Ownership Plan reported participants rose from 220 in the plan year 2023 filing to 252 in the plan year 2024 filing.
  • Speedrack Employee Stock Ownership Plan end-of-year assets fell from $14M in the plan year 2023 filing to $13M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 382885344 · Speedrack Products Group, Ltd. PY 2024 · ESOP

Speedrack Employee Stock Ownership Plan · $13M · 252 · 61st

  • PART $13M
  • TYPE 252
  • NET 61st
  • BOOK ESOP
  • VS-ST near Blufox Mobile Services 1, Inc. Employee Stock Ownership Plan
  • BOY ind #8470

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Michigan →

Speedrack Employee Stock Ownership Plan in the asset neighbourhood

Paradies Gifts, Inc. Employee Stock Ownership PlanParadies Gifts, Inc. Employe…$13MBlufox Mobile Services 1, Inc. Employee Stock Ownership PlanBlufox Mobile Services 1, In…$13MRuscilli Construction Co., LLC. Employee Stock Ownership PlanRuscilli Construction Co., L…$13MSpeedrack Employee Stock Ownership PlanSpeedrack Employee Stock Own…$13MRainbolt & Alexander, Inc. Employee Stock Ownership PlanRainbolt & Alexander, Inc. E…$13M
End-of-year total assets ($M) among Speedrack Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)-$2M
Net Income-$1M
Employer EIN382885344
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Speedrack Products Group, Ltd.)

Sponsor-wide plan assets over time

All Speedrack Products Group, Ltd. plans reported in each filing year

Latest sponsor-wide plan assets
$21M 70.49495163386648% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $12.6M $21.4M ▲ +70.5%
Year Plans Participants Total Assets
2022 2 421 $13M
2023 2 411 $21M
2024 2 462 $21M

Nearby ESOP Plans in Michigan

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

Speedrack Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. 05001000150020002500 -0.500.511.52 Total assets ($B) Participants Speedrack Employee Stock Ownership Plan, Total assets ($B): 0.01256 · Participants: 252Speedrack Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.551258212 · Participants: 1780Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.899849551 · Participants: 1936The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.452711138 · Participants: 1284Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.410252812 · Participants: 218Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.250474411 · Participants: 565Lee Contracting, Inc. Employee Stock Ownership Plan
Speedrack Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Speedrack Employee Stock Ownership Plan side-by-side with 3 peers →

Speedrack Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Blufox Mobile Services 1, Inc. Employee Stock Ownership Plan in NY ($13M); by covered participants it is Beauty Management Incorporated Employee Stock Ownership Plan in OR (252 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (252 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Speedrack Employee Stock Ownership Plan assets move in 2024? ▼
Speedrack Employee Stock Ownership Plan pulled back noticeably - down 10.6% during 2024, from $14M to $13M. Reported net income was -$1M.
How have Speedrack Products Group, Ltd. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Speedrack Products Group, Ltd.'s sponsor-wide assets grew 70.5%, from $13M to $21M.
Which ESOP plans are similar in size to Speedrack Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Blufox Mobile Services 1, Inc. Employee Stock Ownership Plan in NY ($13M, 87 participants).
Which ESOP plans cover a similar participant headcount to Speedrack Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Beauty Management Incorporated Employee Stock Ownership Plan in OR (252 participants, N/A in assets).

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 382885344.

Read our methodology - how this data is sourced, computed, and verified.

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