Speed Wrench, Inc.ESOP
SPEED WRENCH, INC. EMPLOYEE STOCK OWNERSHIP PLAN · HUDSONVILLE, MI · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Speed Wrench, Inc. reported $736 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,032 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.011% to 0.006%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,308th-largest of 2,619 plans among Michigan employers on file, and the 1,364th of 3,341 in other services. active participation has grown from 136 to 157 since 2022.
Speed Wrench, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 382834301 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.