Speedrack Employee Stock Ownership Plan — Form 5500 plan (Speedrack Products Group, Ltd.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Speedrack Employee Stock Ownership Plan is a benefit plan reported by Speedrack Products Group, Ltd. under EIN 38-2885344 and plan number 002. The latest loaded filing year is 2023. The filing reports 225 participants and $14,050,000 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Speedrack Products Group, Ltd.
- EIN
- 38-2885344
- Plan number
- 002
- Plan type
- 2
- Location
- Walker, MI
- Latest filing year
- 2023
- Participants
- 225
- End-of-year plan assets
- $14,050,000
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 225 | H | 20241015101213NAL0016121651001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,050,000
- Total liabilities (EOY)
- $14,545,166
- Net assets (EOY)
- -$495,166
- Net assets (BOY)
- -$10,074,066
Income & contributions
- Employer contributions
- $661,854
- Total contributions
- $661,854
- Total income / additions
- $10,211,854
Expenses & distributions
- Benefits paid
- $440
- Administrative expenses
- $0
- Total expenses
- $632,954
- Net increase / (decrease)
- $9,578,900
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.