ESOP · DOL Form 5500 · 2024

Speed Wrench, Inc. ESOP

Data updated 2026-08-25

$16M
Total assets Small plan by assets
164
Participants Small participant base
66th
Percentile by assets National rank
$98,801
Avg per participant Below avg balance/head
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Official DOL plan name: Speed Wrench, Inc. Employee Stock Ownership Plan · Sponsored by Speed Wrench, Inc. · Michigan · Other Services

$16M in assets, 164 participants

Speed Wrench, Inc.'s Speed Wrench, Inc. Employee Stock Ownership Plan reported $16M in total assets and 164 participants in its 2024 DOL Form 5500 filing, ranking in the 66th 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.

  • #6,262 in Other Services (7,719 peers)

Coverage in Michigan

Speed Wrench, Inc. Employee Stock Ownership Plan covers 164 participants in Michigan, about 26% of the average Michigan filer (state average ~638 per filing). Assets: $16M.

#6,262
in Other Services (7,719 peers)
+5.5%
assets growth YoY

Speed Wrench, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Other Services and all filers

Speed Wrench, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$16,203,424 Top 34% higher than 66% 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

Speed Wrench, Inc. 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. Speed Wrench, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (164 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Speed Wrench, Inc. Employee Stock Ownership Plan reported net income fell from $4M in the plan year 2023 filing to $927K in the plan year 2024 filing.
  • Speed Wrench, Inc. Employee Stock Ownership Plan end-of-year assets rose from $15M in the plan year 2023 filing to $16M in the plan year 2024 filing.
  • Speed Wrench, Inc. Employee Stock Ownership Plan reported participants rose from 161 in the plan year 2023 filing to 164 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 382834301 · Speed Wrench, Inc. PY 2024 · ESOP

Speed Wrench, Inc. Employee Stock Ownership Plan · $16M · 164 · 66th

  • VS-ST $16M
  • BOY 164
  • SCH 66th
  • EBSA ESOP
  • PART near The Party Source Employee Stock Ownership Plan
  • TYPE ind #6262

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 →

Speed Wrench, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Bremer Financial Corporation Employee Stock Ownership PlanBremer Financial Corporation…$16MBridge Community Bank ESOP$16MThe Party Source Employee Stock Ownership PlanThe Party Source Employee St…$16MSpeed Wrench, Inc. Employee Stock Ownership PlanSpeed Wrench, Inc. Employee …$16ME.C.I., Inc. Employee Stock Ownership PlanE.C.I., Inc. Employee Stock …$16M
End-of-year total assets ($M) among Speed Wrench, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$14M
Net Income$927K
Employer EIN382834301
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Speed Wrench, Inc.)

Sponsor-wide plan assets over time

All Speed Wrench, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$27M 53.137870302966725% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $17.6M $26.9M ▲ +53.1%
Year Plans Participants Total Assets
2022 2 281 $18M
2023 2 313 $24M
2024 2 328 $27M

Nearby ESOP Plans in Michigan

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

Speed Wrench, Inc. 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 ($B) Participants Speed Wrench, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.016203424 · Participants: 164Speed Wrench, Inc. 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
Speed Wrench, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Speed Wrench, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Speed Wrench, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is The Party Source Employee Stock Ownership Plan in KY ($16M); by covered participants it is Latitude Corp. Employee Stock Ownership Plan in WI (164 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (164 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 Speed Wrench, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Speed Wrench, Inc. Employee Stock Ownership Plan grew at a solid clip - up 5.5% during 2024, from $15M to $16M. Reported net income was $927K.
How have Speed Wrench, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Speed Wrench, Inc.'s sponsor-wide assets grew 53.1%, from $18M to $27M.
Which ESOP plans are similar in size to Speed Wrench, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Party Source Employee Stock Ownership Plan in KY ($16M, 73 participants).
Which ESOP plans cover a similar participant headcount to Speed Wrench, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Latitude Corp. Employee Stock Ownership Plan in WI (164 participants, $12M 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 382834301.

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.