Civic Intelligence

Spence Brothers Inc.

Plan context: Spence Brothers Employee Stock Ownership Plan

EIN 38-1055820 • Saginaw, MI • 34 filings • 7 plans

203 S Washington Ave Suite 360Saginaw, MI 48607
Current Snapshot

Latest Year

2025

2025 Participants

69

2025 Assets

$21,582,323

2025 Contributions

$372,720

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$28,331,661$14,165,831$0199920122025YearValue
$21,582,323Latest year 2025

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

79400199920122025YearValue
69Latest year 2025

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2025169$21,582,323$372,720$5,402iApproximate average salary by contribution assumption: employee only about $135,043 at 4% or $90,029 at 6%; with 50% employer match about $90,029 at 4% or $60,019 at 6%; with 100% employer match about $67,522 at 4% or $45,014 at 6%.
Spence Brothers Employee Stock Ownership Plan-69$21,582,323$372,720$5,402iApproximate average salary by contribution assumption: employee only about $135,043 at 4% or $90,029 at 6%; with 50% employer match about $90,029 at 4% or $60,019 at 6%; with 100% employer match about $67,522 at 4% or $45,014 at 6%.
2024279$28,331,661$2,785,261$35,256iApproximate average salary by contribution assumption: employee only about $881,412 at 4% or $587,608 at 6%; with 50% employer match about $587,608 at 4% or $391,739 at 6%; with 100% employer match about $440,706 at 4% or $293,804 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-79$17,748,080$1,152,390$14,587iApproximate average salary by contribution assumption: employee only about $364,680 at 4% or $243,120 at 6%; with 50% employer match about $243,120 at 4% or $162,080 at 6%; with 100% employer match about $182,340 at 4% or $121,560 at 6%.
Spence Brothers Employee Stock Ownership Plan-68$10,583,581$1,632,871$24,013iApproximate average salary by contribution assumption: employee only about $600,320 at 4% or $400,213 at 6%; with 50% employer match about $400,213 at 4% or $266,809 at 6%; with 100% employer match about $300,160 at 4% or $200,107 at 6%.
2023269$22,677,224$2,049,375$29,701iApproximate average salary by contribution assumption: employee only about $742,527 at 4% or $495,018 at 6%; with 50% employer match about $495,018 at 4% or $330,012 at 6%; with 100% employer match about $371,264 at 4% or $247,509 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-69$16,801,362$876,147$12,698iApproximate average salary by contribution assumption: employee only about $317,445 at 4% or $211,630 at 6%; with 50% employer match about $211,630 at 4% or $141,086 at 6%; with 100% employer match about $158,722 at 4% or $105,815 at 6%.
Spence Brothers Employee Stock Ownership Plan-53$5,875,862$1,173,228$22,136iApproximate average salary by contribution assumption: employee only about $553,409 at 4% or $368,940 at 6%; with 50% employer match about $368,940 at 4% or $245,960 at 6%; with 100% employer match about $276,705 at 4% or $184,470 at 6%.
2022254$17,786,953$1,354,696$25,087iApproximate average salary by contribution assumption: employee only about $627,174 at 4% or $418,116 at 6%; with 50% employer match about $418,116 at 4% or $278,744 at 6%; with 100% employer match about $313,587 at 4% or $209,058 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-54$13,501,081$721,290$13,357iApproximate average salary by contribution assumption: employee only about $333,931 at 4% or $222,620 at 6%; with 50% employer match about $222,620 at 4% or $148,414 at 6%; with 100% employer match about $166,965 at 4% or $111,310 at 6%.
Spence Brothers Employee Stock Ownership Plan-45$4,285,872$633,406$14,076iApproximate average salary by contribution assumption: employee only about $351,892 at 4% or $234,595 at 6%; with 50% employer match about $234,595 at 4% or $156,397 at 6%; with 100% employer match about $175,946 at 4% or $117,297 at 6%.
2021253$17,236,442$1,766,457$33,329iApproximate average salary by contribution assumption: employee only about $833,234 at 4% or $555,490 at 6%; with 50% employer match about $555,490 at 4% or $370,326 at 6%; with 100% employer match about $416,617 at 4% or $277,745 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-53$16,240,953$770,968$14,547iApproximate average salary by contribution assumption: employee only about $363,664 at 4% or $242,443 at 6%; with 50% employer match about $242,443 at 4% or $161,629 at 6%; with 100% employer match about $181,832 at 4% or $121,221 at 6%.
Spence Brothers Employee Stock Ownership Plan-44$995,489$995,489$22,625iApproximate average salary by contribution assumption: employee only about $565,619 at 4% or $377,079 at 6%; with 50% employer match about $377,079 at 4% or $251,386 at 6%; with 100% employer match about $282,809 at 4% or $188,540 at 6%.
2020159$14,113,548$722,823$12,251iApproximate average salary by contribution assumption: employee only about $306,281 at 4% or $204,187 at 6%; with 50% employer match about $204,187 at 4% or $136,125 at 6%; with 100% employer match about $153,140 at 4% or $102,094 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-59$14,113,548$722,823$12,251iApproximate average salary by contribution assumption: employee only about $306,281 at 4% or $204,187 at 6%; with 50% employer match about $204,187 at 4% or $136,125 at 6%; with 100% employer match about $153,140 at 4% or $102,094 at 6%.
2019169$11,966,865$1,152,098$16,697iApproximate average salary by contribution assumption: employee only about $417,427 at 4% or $278,285 at 6%; with 50% employer match about $278,285 at 4% or $185,523 at 6%; with 100% employer match about $208,713 at 4% or $139,142 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-69$11,966,865$1,152,098$16,697iApproximate average salary by contribution assumption: employee only about $417,427 at 4% or $278,285 at 6%; with 50% employer match about $278,285 at 4% or $185,523 at 6%; with 100% employer match about $208,713 at 4% or $139,142 at 6%.
2018170$9,834,197$930,596$13,294iApproximate average salary by contribution assumption: employee only about $332,356 at 4% or $221,570 at 6%; with 50% employer match about $221,570 at 4% or $147,714 at 6%; with 100% employer match about $166,178 at 4% or $110,785 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-70$9,834,197$930,596$13,294iApproximate average salary by contribution assumption: employee only about $332,356 at 4% or $221,570 at 6%; with 50% employer match about $221,570 at 4% or $147,714 at 6%; with 100% employer match about $166,178 at 4% or $110,785 at 6%.
2017163$10,887,356$782,069$12,414iApproximate average salary by contribution assumption: employee only about $310,345 at 4% or $206,897 at 6%; with 50% employer match about $206,897 at 4% or $137,931 at 6%; with 100% employer match about $155,172 at 4% or $103,448 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-63$10,887,356$782,069$12,414iApproximate average salary by contribution assumption: employee only about $310,345 at 4% or $206,897 at 6%; with 50% employer match about $206,897 at 4% or $137,931 at 6%; with 100% employer match about $155,172 at 4% or $103,448 at 6%.
2016152$8,610,272$700,010$13,462iApproximate average salary by contribution assumption: employee only about $336,543 at 4% or $224,362 at 6%; with 50% employer match about $224,362 at 4% or $149,575 at 6%; with 100% employer match about $168,272 at 4% or $112,181 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-52$8,610,272$700,010$13,462iApproximate average salary by contribution assumption: employee only about $336,543 at 4% or $224,362 at 6%; with 50% employer match about $224,362 at 4% or $149,575 at 6%; with 100% employer match about $168,272 at 4% or $112,181 at 6%.
2015151$7,564,474$384,638$7,542iApproximate average salary by contribution assumption: employee only about $188,548 at 4% or $125,699 at 6%; with 50% employer match about $125,699 at 4% or $83,799 at 6%; with 100% employer match about $94,274 at 4% or $62,849 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-51$7,564,474$384,638$7,542iApproximate average salary by contribution assumption: employee only about $188,548 at 4% or $125,699 at 6%; with 50% employer match about $125,699 at 4% or $83,799 at 6%; with 100% employer match about $94,274 at 4% or $62,849 at 6%.
2014148$7,329,828$637,198$13,275iApproximate average salary by contribution assumption: employee only about $331,874 at 4% or $221,249 at 6%; with 50% employer match about $221,249 at 4% or $147,500 at 6%; with 100% employer match about $165,937 at 4% or $110,625 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-48$7,329,828$637,198$13,275iApproximate average salary by contribution assumption: employee only about $331,874 at 4% or $221,249 at 6%; with 50% employer match about $221,249 at 4% or $147,500 at 6%; with 100% employer match about $165,937 at 4% or $110,625 at 6%.
2013141$7,548,143$279,227$6,810iApproximate average salary by contribution assumption: employee only about $170,260 at 4% or $113,507 at 6%; with 50% employer match about $113,507 at 4% or $75,671 at 6%; with 100% employer match about $85,130 at 4% or $56,753 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-41$7,548,143$279,227$6,810iApproximate average salary by contribution assumption: employee only about $170,260 at 4% or $113,507 at 6%; with 50% employer match about $113,507 at 4% or $75,671 at 6%; with 100% employer match about $85,130 at 4% or $56,753 at 6%.
2012138$6,192,908$297,218$7,822iApproximate average salary by contribution assumption: employee only about $195,538 at 4% or $130,359 at 6%; with 50% employer match about $130,359 at 4% or $86,906 at 6%; with 100% employer match about $97,769 at 4% or $65,179 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-38$6,192,908$297,218$7,822iApproximate average salary by contribution assumption: employee only about $195,538 at 4% or $130,359 at 6%; with 50% employer match about $130,359 at 4% or $86,906 at 6%; with 100% employer match about $97,769 at 4% or $65,179 at 6%.
2011137$5,507,308$333,560$9,015iApproximate average salary by contribution assumption: employee only about $225,378 at 4% or $150,252 at 6%; with 50% employer match about $150,252 at 4% or $100,168 at 6%; with 100% employer match about $112,689 at 4% or $75,126 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-37$5,507,308$333,560$9,015iApproximate average salary by contribution assumption: employee only about $225,378 at 4% or $150,252 at 6%; with 50% employer match about $150,252 at 4% or $100,168 at 6%; with 100% employer match about $112,689 at 4% or $75,126 at 6%.
2010137$5,437,964$383,080$10,354iApproximate average salary by contribution assumption: employee only about $258,838 at 4% or $172,559 at 6%; with 50% employer match about $172,559 at 4% or $115,039 at 6%; with 100% employer match about $129,419 at 4% or $86,279 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-37$5,437,964$383,080$10,354iApproximate average salary by contribution assumption: employee only about $258,838 at 4% or $172,559 at 6%; with 50% employer match about $172,559 at 4% or $115,039 at 6%; with 100% employer match about $129,419 at 4% or $86,279 at 6%.
2009133$6,289,192$475,713$14,416iApproximate average salary by contribution assumption: employee only about $360,389 at 4% or $240,259 at 6%; with 50% employer match about $240,259 at 4% or $160,173 at 6%; with 100% employer match about $180,194 at 4% or $120,130 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-33$6,289,192$475,713$14,416iApproximate average salary by contribution assumption: employee only about $360,389 at 4% or $240,259 at 6%; with 50% employer match about $240,259 at 4% or $160,173 at 6%; with 100% employer match about $180,194 at 4% or $120,130 at 6%.
2008131$4,605,930$613,775$19,799iApproximate average salary by contribution assumption: employee only about $494,980 at 4% or $329,987 at 6%; with 50% employer match about $329,987 at 4% or $219,991 at 6%; with 100% employer match about $247,490 at 4% or $164,993 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-31$4,605,930$613,775$19,799iApproximate average salary by contribution assumption: employee only about $494,980 at 4% or $329,987 at 6%; with 50% employer match about $329,987 at 4% or $219,991 at 6%; with 100% employer match about $247,490 at 4% or $164,993 at 6%.
2007126$6,087,341$476,179$18,315iApproximate average salary by contribution assumption: employee only about $457,864 at 4% or $305,243 at 6%; with 50% employer match about $305,243 at 4% or $203,495 at 6%; with 100% employer match about $228,932 at 4% or $152,621 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-26$6,087,341$476,179$18,315iApproximate average salary by contribution assumption: employee only about $457,864 at 4% or $305,243 at 6%; with 50% employer match about $305,243 at 4% or $203,495 at 6%; with 100% employer match about $228,932 at 4% or $152,621 at 6%.
2006123$5,252,139$370,603$16,113iApproximate average salary by contribution assumption: employee only about $402,829 at 4% or $268,553 at 6%; with 50% employer match about $268,553 at 4% or $179,035 at 6%; with 100% employer match about $201,415 at 4% or $134,276 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-23$5,252,139$370,603$16,113iApproximate average salary by contribution assumption: employee only about $402,829 at 4% or $268,553 at 6%; with 50% employer match about $268,553 at 4% or $179,035 at 6%; with 100% employer match about $201,415 at 4% or $134,276 at 6%.
2005120$4,518,122$281,087$14,054iApproximate average salary by contribution assumption: employee only about $351,359 at 4% or $234,239 at 6%; with 50% employer match about $234,239 at 4% or $156,159 at 6%; with 100% employer match about $175,679 at 4% or $117,120 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-20$4,518,122$281,087$14,054iApproximate average salary by contribution assumption: employee only about $351,359 at 4% or $234,239 at 6%; with 50% employer match about $234,239 at 4% or $156,159 at 6%; with 100% employer match about $175,679 at 4% or $117,120 at 6%.
2004120$3,974,132$460,441$23,022iApproximate average salary by contribution assumption: employee only about $575,551 at 4% or $383,701 at 6%; with 50% employer match about $383,701 at 4% or $255,801 at 6%; with 100% employer match about $287,776 at 4% or $191,850 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-20$3,974,132$460,441$23,022iApproximate average salary by contribution assumption: employee only about $575,551 at 4% or $383,701 at 6%; with 50% employer match about $383,701 at 4% or $255,801 at 6%; with 100% employer match about $287,776 at 4% or $191,850 at 6%.
2003118$3,273,459$442,272$24,571iApproximate average salary by contribution assumption: employee only about $614,267 at 4% or $409,511 at 6%; with 50% employer match about $409,511 at 4% or $273,007 at 6%; with 100% employer match about $307,133 at 4% or $204,756 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-18$3,273,459$442,272$24,571iApproximate average salary by contribution assumption: employee only about $614,267 at 4% or $409,511 at 6%; with 50% employer match about $409,511 at 4% or $273,007 at 6%; with 100% employer match about $307,133 at 4% or $204,756 at 6%.
2002118$2,275,334$0-
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-18$2,275,334--
2001218$3,604,206$278,629$15,479iApproximate average salary by contribution assumption: employee only about $386,985 at 4% or $257,990 at 6%; with 50% employer match about $257,990 at 4% or $171,993 at 6%; with 100% employer match about $193,492 at 4% or $128,995 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-18$2,475,041$124,543$6,919iApproximate average salary by contribution assumption: employee only about $172,976 at 4% or $115,318 at 6%; with 50% employer match about $115,318 at 4% or $76,878 at 6%; with 100% employer match about $86,488 at 4% or $57,659 at 6%.
Spence Brothers Inc. Money Purchase Pension Plan and Trust-18$1,129,165$154,086$8,560iApproximate average salary by contribution assumption: employee only about $214,008 at 4% or $142,672 at 6%; with 50% employer match about $142,672 at 4% or $95,115 at 6%; with 100% employer match about $107,004 at 4% or $71,336 at 6%.
2000218$4,208,629$272,724$15,151iApproximate average salary by contribution assumption: employee only about $378,783 at 4% or $252,522 at 6%; with 50% employer match about $252,522 at 4% or $168,348 at 6%; with 100% employer match about $189,392 at 4% or $126,261 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-18$2,979,888$110,708$6,150iApproximate average salary by contribution assumption: employee only about $153,761 at 4% or $102,507 at 6%; with 50% employer match about $102,507 at 4% or $68,338 at 6%; with 100% employer match about $76,881 at 4% or $51,254 at 6%.
Spence Brothers Inc. Money Purchase Pension Plan and Trust-18$1,228,741$162,016$9,001iApproximate average salary by contribution assumption: employee only about $225,022 at 4% or $150,015 at 6%; with 50% employer match about $150,015 at 4% or $100,010 at 6%; with 100% employer match about $112,511 at 4% or $75,007 at 6%.
1999217$3,958,072$322,175$18,951iApproximate average salary by contribution assumption: employee only about $473,787 at 4% or $315,858 at 6%; with 50% employer match about $315,858 at 4% or $210,572 at 6%; with 100% employer match about $236,893 at 4% or $157,929 at 6%.
Spence Brothers Inc. Profit Sharing 401K Plan and Trust-17$2,879,878$173,305$10,194iApproximate average salary by contribution assumption: employee only about $254,860 at 4% or $169,907 at 6%; with 50% employer match about $169,907 at 4% or $113,271 at 6%; with 100% employer match about $127,430 at 4% or $84,953 at 6%.
Spence Brothers Inc. Money Purchase Pension Plan and Trust-17$1,078,194$148,870$8,757iApproximate average salary by contribution assumption: employee only about $218,926 at 4% or $145,951 at 6%; with 50% employer match about $145,951 at 4% or $97,301 at 6%; with 100% employer match about $109,463 at 4% or $72,975 at 6%.