Retirement plan

SPECIALTY EQUIPMENT SALES CO. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: SPECIALTY EQUIPMENT SALES CO. - SPECIALTY EQUIPMENT SALES CO. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2024) Form 5500
Creator: SPECIALTY EQUIPMENT SALES CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPECIALTY EQUIPMENT SALES CO. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, SPECIALTY EQUIPMENT SALES CO.

SPECIALTY EQUIPMENT SALES CO.EIN 34-1600861Plan #002PY 2024

5705 VALLEY BELT ROAD - INDEPENDENCE, OH 44131216-898-9000

Other plans on this EIN

1 filing

#001Retirement-$3.7M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.6M

-14.6% from 2023

Total participants

-11.5% from 2023

Average account balance

$244,430

-3.5% from 2023

Annual return

-13.60%

-43.49 pp from 2023

Benchmarks

See 23,882 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,882 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.62M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$244K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$438K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-13.60%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$22745

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2P2Q3D3I

Plan features

2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$523K

$23779 / participant

Other / not subdivided$523K100.0%

% of EOY assets

9.305%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$244,430

$166,131+47.1%

$164,975+48.2%

$145,877+67.6%

Participation rate

100.0%

82.0%+18.0pp

78.6%+21.4pp

80.3%+19.7pp

Annual return

-13.60%

100.37%-114.0pp

70.12%-83.7pp

551.28%-564.9pp

Employer contribution / active EE

$19,912

$5,276+277.4%

$4,343+358.5%

$4,663+327.0%

Participant deferral / active EE

$6,962-100.0%

$6,033-100.0%

$6,691-100.0%

Admin fee / account holder

$22,745

$16,648+36.6%

$12,688+79.3%

$13,402+69.7%

SPECIALTY EQUIPMENT SALES CO. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPECIALTY EQUIPMENT SALES CO. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion