ESOP · DOL Form 5500 · 2024

Spec Process Engineering & Construction, Inc. ESOP

Data updated 2026-08-25

$351K
Total assets Small plan by assets
28
Participants Small participant base
15th
Percentile by assets National rank
$12,520
Avg per participant Low balance/head
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Official DOL plan name: Spec Employee Stock Ownership Plan · Sponsored by Spec Process Engineering & Construction, Inc. · Massachusetts · Professional & Technical Services

$351K in assets, 28 participants

Spec Process Engineering & Construction, Inc.'s Spec Employee Stock Ownership Plan reported $351K in total assets and 28 participants in its 2024 DOL Form 5500 filing, ranking in the 15th 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.

  • #2,299 in Professional & Technical Services (20,173 peers)

2024 asset change

Spec Employee Stock Ownership Plan contracted severely 90.0% in 2024 ($4M → $351K) for 28 participants.

#2,299
in Professional & Technical Services (20,173 peers)
-90.0%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Spec Employee Stock Ownership Plan among the smaller filed plans by assets

Spec Employee Stock Ownership Plan vs every filed plan by assets

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

$350,549 15th percentile higher than 15% 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

Spec Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Spec Employee Stock Ownership Plan is a small filing (28 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Spec Employee Stock Ownership Plan reported net income fell from $473K in the plan year 2023 filing to -$3M in the plan year 2024 filing.
  • Spec Employee Stock Ownership Plan end-of-year assets fell from $4M in the plan year 2023 filing to $351K in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 043258366 · Spec Process Engineering & Construction, Inc. PY 2024 · ESOP

Spec Employee Stock Ownership Plan · $351K · 28 · 15th

  • BOOK $351K
  • VS-ST 28
  • BOY 15th
  • SCH ESOP
  • EBSA near Jokake Construction Services, Inc. Employee Stock Ownership Plan
  • PART ind #2299

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 Massachusetts →

Spec Employee Stock Ownership Plan in the asset neighbourhood

Spec Employee Stock Ownership PlanSpec Employee Stock Ownershi…$351KJokake Construction Services, Inc. Employee Stock Ownership PlanJokake Construction Services…$350KProfessional Fabricating Inc. Employee Stock Ownership PlanProfessional Fabricating Inc…$351KBabich & Associates, Inc. Employee Stock Ownership PlanBabich & Associates, Inc. Em…$351KOne Source Employee Stock Ownership PlanOne Source Employee Stock Ow…$349K
End-of-year total assets ($M) among Spec Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Spec Process Engineering & Construction, Inc. years around the 2024 move

Sponsor-wide plan assets over time

All Spec Process Engineering & Construction, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$11M 7.150535392723525% vs 2022
2024 filing year
$9M$10M$11M$12M$13M 202220232024 $10.2M $10.9M ▲ +7.2%
Year Plans Participants Total Assets
2022 2 56 $10M
2023 2 74 $12M
2024 2 77 $11M

2024 asset-move particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$350K
Net Income-$3M
Employer EIN043258366
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Massachusetts

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

Spec Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600800 Total assets ($M) Participants Spec Employee Stock Ownership Plan, Total assets ($M): 0.350549 · Participants: 28Spec Employee Stock Ownership PlanConsigli Building Group Employee Stock Ownership Plan, Total assets ($M): 729.34706 · Participants: 1684Consigli Building Group Employee Stock Ownership PlanThe Gillette Company Employee Stock Ownership Plan, Total assets ($M): 367.792322 · Participants: 139The Gillette Company Employee Stock Ownership PlanFirst Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan, Total assets ($M): 253.372727 · Participants: 445First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership PlanDavid Clark Employee Stock Ownership Plan, Total assets ($M): 182.6375 · Participants: 236David Clark Employee Stock Ownership PlanNew England Biolabs, Inc. Non-Voting Stock Ownership Plan, Total assets ($M): 162.974294 · Participants: 424New England Biolabs, Inc. Non-Voting Stock Ownership Plan
Spec Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Spec Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest ESOP by assets is Jokake Construction Services, Inc. Employee Stock Ownership Plan in AZ ($350K); by covered participants it is Asu Group Employee Stock Ownership Plan in MI (28 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (28 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 Spec Employee Stock Ownership Plan assets move in 2024? ▼
Spec Employee Stock Ownership Plan contracted severely - down 90.0% during 2024, from $4M to $351K. Reported net income was -$3M.
How have Spec Process Engineering & Construction, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spec Process Engineering & Construction, Inc.'s sponsor-wide assets grew 7.2%, from $10M to $11M.
Where does Spec Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Spec Employee Stock Ownership Plan ranks in the 15th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Spec Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Jokake Construction Services, Inc. Employee Stock Ownership Plan in AZ ($350K, 26 participants).
Which ESOP plans cover a similar participant headcount to Spec Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Asu Group Employee Stock Ownership Plan in MI (28 participants, $4M 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 043258366.

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.