Department of Labor filing

SPEEDLING, INC.

SPEEDLING, INC. 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2023

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Public filing 2023 · received Oct 15, 2024Verified current terms Not available

Plan at a glance

How good does the filing look?

32filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support
$1,611

Reported employer contributions per active participant.

Higher than about 33% of comparable plans
#People in the filing
67

Active participants reported for 2023.

The filing does not say how many employees are currently contributing.
¢Visible plan-paid fees
$259 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 29% of comparable plans
Investment performance
Not available

Plan assets changed 12.3%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.
What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓
Filing comparison · 202332out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions33rd percentileTypical peer $2,800 · based on 27 comparable plans
Lower reported administrative expense29th percentileTypical peer $121 · based on 28 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2023, SPEEDLING, INC. reported $107,943 in employer contributions across the plan and 67 active participants. That works out to $1,611 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy68%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 3.3%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 10.6%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context32/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions
$107,943
Participant contributions
$163,811
Other contributions
$31,353
Employer share of reported contributions
39.7%
Beginning assets
$3,449,775
Ending assets
$3,874,146
Ending net assets
$3,874,146
Ending liabilities
$0
Total income
$848,552
Total expenses
$424,181
Administrative expenses
$31,555
Participant loans
$110,395

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant
2022
$1,559
2023
$1,611
Plan-paid administrative expenses per participant
2022
$234
2023
$259
Active participants
2022
75
2023
67
Detailed filing history
Plan yearPer active participantActive participantsPlan assetsFiling ID
2023$1,611673.9M20241015180444NAL0015218515001
2022$1,559753.4M20231009054254NAL0053062610001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets
2.8%
Independent accountant’s opinion
Unqualified opinion Code 1
Late participant contributions reported
Not stated in the filing
Public plan identifier
592324368-001

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
Single-employer plan
Plan effective date
Jun 1, 1975
Industry
Agriculture, forestry, fishing and hunting
Amended filing
No
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2A2E2F2G2J2K2S2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

ProviderPlan yearDirect compensationIndirect compensation
AMERICAN FUNDS DISTRIBUTORS, INC.2023Not reportedunknown
FRANKLIN TEMPLETON DISTRIBUTORS, I2023Not reportedunknown
INVESCO2023Not reportedunknown
J.P. MORGAN INVESTMENT MANAGEMENT2023Not reportedunknown
LEGG MASON INVESTOR SERVICES, LLC2023Not reportedunknown
METROPOLITAN LIFE2023Not reportedunknown
VANGUARD2023Not reportedunknown
VICTORY CAPITAL MANAGEMENT2023Not reportedunknown

Current plan terms

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Filing ACK_ID20241015180444NAL0015218515001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗