How big is Specs Family Partners, Ltd.'s plan?

Specs Family Partners, Ltd.'s plan reported $19.0M in assets and 4,359 participants for 2024.

Original filing (PDF)20251023082602NAL0001376659001

Specs Family Partners, Ltd.

Name: Specs Family Partners, Ltd. — SPEC'S Family Partners, Form 5500 (2024)
Creator: Specs Family Partners, Ltd.
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

SPEC'S Family Partners Retirement Plan

401(k) retirement plan · Specs Family Partners, Ltd.'s SPEC'S Family Partners Retirement Plan held $19.0M in plan assets for 4,359 participants in 2024, with John Hancock as recordkeeper.

Signals · 2

Corrective distributions issued~240 bps in Sched C fees

Active participants

4,359

Accounts w/ balance

4,353

Plan assets (EOY)

$19.0M

Net assets (EOY)

$18.9M

People on this filing

Robert J Heisler signed Specs Family Partners, Ltd.'s 2024 Form 5500 as plan administrator.

Robert J Heisler — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Specs Family Partners, Ltd.'s EIN is 74-1532648.

EIN 74-1532648

Plan number 001

Plan year 2024

ACK ID 20251023082602NAL0001376659001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Specs Family Partners, Ltd. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Specs Family Partners, Ltd.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for SPECS FAMILY PARTNERS, LTD..

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How this plan invests

This plan

32 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Below-average — multiple flags

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Corrective distributions issued (likely failed ADP/ACP testing).
Total administrative cost in the bottom quartile of peers (2nd percentile).
Bottom-decile employer contributions per participant (7th percentile).

Plan sponsor

Name

SPECS FAMILY PARTNERS, LTD.

EIN

all filings

Address

2410 SMITH STREET · HOUSTON, TX · 77006

Phone

(713) 526-8787

Industry

Retail Trade

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-23

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2S · Automatic enrollment

2T · Default investment account (QDIA)

Audit & trust (Schedule H)

Service providers (Schedule C)

2 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
JOHN HANCOCK RETIREMENT PLAN SVCS	01-0233346	—	RETAINED BY PLAN SPONSOR	$424K	—

Broker

Name	EIN	Location	Relation	Direct comp	Indirect comp
MERRILL LYNCH, FENNER AND SMITH	13-5674085	—	BROKER	$31K	—

Investments

32 direct securities· $19.0M(100% of reported assets)

Mutual Funds

$17.3M

17 holdings

Other securities

$1.1M

10 holdings

Common Collective Trusts

$663K

4 holdings

Cash / Money Market

$2K

1 holding

					% of plan
American Funds Amer Target 2030 Fund R6 ^	Mutual Funds	—	—	$2.3M	12.2%
American Funds Amer Target 2020 Fund R6 ^	Mutual Funds	—	—	$2.2M	11.5%
American Funds Amer Target 2035 Fund R6 ^	Mutual Funds	—	—	$2.1M	11.0%
American Funds Amer Target 2045 Fund R6 ^	Mutual Funds	—	—	$2.1M	11.0%
American Funds Amer Target 2040 Fund R6 ^	Mutual Funds	—	—	$1.9M	9.8%
American Funds Amer Target 2050 Fund R6 ^	Mutual Funds	—	—	$1.7M	9.2%
American Funds Amer Target 2055 Fund R6 ^	Mutual Funds	—	—	$1.4M	7.3%
American Funds Amer Target 2025 Fund R6 ^	Mutual Funds	—	—	$1.2M	6.5%
American Funds Amer Target 2060 Fund R6 ^	Mutual Funds	—	—	$1.1M	5.6%
American Funds American Funds 2065 TD Ret R6 ^	Mutual Funds	—	—	$581K	3.1%
iShares S&P 500 Index Fd K ^	Common Collective Trusts	—	—	$521K	2.7%
maturing through December 2029 -	Other securities	—	—	$503K	2.6%
T. Rowe Price Latin America Fund	Other securities	—	$395K	$330K	1.7%
Fidelity Advisor Balanced Z ^	Mutual Funds	—	—	$283K	1.5%
American Funds Amer Target 2055 Fund R6 ^	Mutual Funds	—	—	$136K	0.7%
Fidelity Adv Growth Opport Z ^	Mutual Funds	—	—	$117K	0.6%
Fidelity Nasdaq Composite Idx ^	Common Collective Trusts	—	—	$108K	0.6%
Fuller & Thaler Fuller & Thaler Behav SC Eq R6 ^	Other securities	—	—	$75K	0.4%
Vanguard Sm Cap Val Ind (Adm) ^	Mutual Funds	—	—	$70K	0.4%
Hartford Strategic Income R6 ^	Mutual Funds	—	—	$67K	0.4%
JP Morgan JP Morgan Mid Cap Growth R6 ^	Other securities	—	—	$56K	0.3%
BlackRock Mid Cap Value I ^	Other securities	—	—	$35K	0.2%
iShares Russell Mid Cap Idx K ^	Common Collective Trusts	—	—	$28K	0.1%
John Hancock John Hancock Bond Fund R6 ^	Other securities	—	—	$27K	0.1%
Vanguard Intl Growth Fund Adm ^	Mutual Funds	—	—	$21K	0.1%
Undiscovered Mgrs Undiscovered Mgrs Behav Val R6 ^	Other securities	—	—	$20K	0.1%
Baron Real Estate Instl ^	Other securities	—	—	$13K	<0.1%
Goldman Sachs Goldman Sachs Intl Eq ESG Inst ^	Other securities	—	—	$9K	<0.1%
iShares Russell 2000 SC Idx K ^	Common Collective Trusts	—	—	$7K	<0.1%
Invesco Discovery R6 ^	Mutual Funds	—	—	$4K	<0.1%
Parnassus Value Equity I ^	Other securities	—	—	$3K	<0.1%
Money Market Funds BLF Fedfund Cash Reserve	Cash / Money Market	—	$2K	$2K	<0.1%