401(k) · DOL Form 5500 · 2022

Michelsen Packaging Company 401(k) Plan

Data updated 2026-08-25

$65M
Total assets Below avg plan size
177
Participants Small participant base
90th
Percentile by assets National rank
$368,978
Avg per participant High balance/head
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Official DOL plan name: Michelsen Packaging Company 401(k) Plan · Sponsored by Michelsen Packaging Company · Washington · Manufacturing

$65M in assets, 177 participants

Michelsen Packaging Company's Michelsen Packaging Company 401(k) Plan reported $65M in total assets and 177 participants in its 2022 DOL Form 5500 filing, ranking in the 90th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #17,556 in Manufacturing (20,602 peers)

Coverage in Washington

Michelsen Packaging Company 401(k) Plan covers 177 participants in Washington, about 12% of the average Washington filer (state average ~1,476 per filing). Assets: $65M.

#17,556
in Manufacturing (20,602 peers)
-15.6%
assets change YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Michelsen Packaging Company 401(k) Plan's outsized position by total assets

Michelsen Packaging Company 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$65,309,042 Top 10% higher than 90% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Michelsen Packaging Company 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Michelsen Packaging Company 401(k) Plan sits mid-pack in the medium band (177 participants).

EBSA filing schedule strip

Filing strip 910598777 · Michelsen Packaging Company PY 2022 · 401(k)

Michelsen Packaging Company 401(k) Plan · $65M · 177 · 90th

  • ASSETS $65M
  • ASSETS 177
  • ASSETS 90th
  • ASSETS 401(k)
  • ASSETS near Franke USA Holding, Inc. Savings Plus Plan
  • ASSETS ind #17556

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Washington →

Michelsen Packaging Company 401(k) Plan in the asset neighbourhood

Michelsen Packaging Company 401(k) PlanMichelsen Packaging Company …$65MFranke USA Holding, Inc. Savings Plus PlanFranke USA Holding, Inc. Sav…$65MUnited Federal Credit Union 401(k) PlanUnited Federal Credit Union …$65MCitadel Retirement Plan$65MLightbox Employer, L.L.C. Retirement PlanLightbox Employer, L.L.C. Re…$65M
End-of-year total assets ($M) among Michelsen Packaging Company 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Washington filing particulars

Total Assets (Beginning of Year)$77M
Net Assets (End of Year)$65M
Net Income-$12M
Employer EIN910598777
Plan Effective Date1969-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Michelsen Packaging Company)

Sponsor-wide plan assets over time

All Michelsen Packaging Company plans reported in each filing year

Latest sponsor-wide plan assets
$70M 7.405482995754248% vs 2022
2024 filing year
$60M$65M$70M$75M 202220232024 $65.3M $70.2M ▲ +7.4%
Year Plans Participants Total Assets
2022 1 177 $65M
2023 1 169 $72M
2024 1 163 $70M

Nearby 401(k) Plans in Washington

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Michelsen Packaging Company 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. -500000050000010000001500000 -20020406080 Total assets ($B) Participants Michelsen Packaging Company 401(k) Plan, Total assets ($B): 0.065309042 · Participants: 177Michelsen Packaging Company 401(k) PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 63.503643295 · Participants: 118434The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 39.602667639 · Participants: 109797Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 25.912962472 · Participants: 181505Costco 401(k) Retirement PlanAmazon 401(k) Plan, Total assets ($B): 17.732345025 · Participants: 1230308Amazon 401(k) PlanT-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust, Total assets ($B): 7.280031396 · Participants: 75797T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust
Michelsen Packaging Company 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants
Compare Michelsen Packaging Company 401(k) Plan side-by-side with 3 peers →

Michelsen Packaging Company 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Washington, the nearest 401(k) by assets is Franke USA Holding, Inc. Savings Plus Plan in TN ($65M); by covered participants it is Benchmark Landscape, Inc. 401(k) Profit Sharing Plan in CA (177 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($65M here).

Similar participant headcount

Nearest other-state filings by covered participants (177 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Michelsen Packaging Company 401(k) Plan assets move in 2022? ▼
Michelsen Packaging Company 401(k) Plan declined sharply - down 15.6% during 2022, from $77M to $65M. Reported net income was -$12M.
How have Michelsen Packaging Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Michelsen Packaging Company's sponsor-wide assets grew 7.4%, from $65M to $70M.
Where does Michelsen Packaging Company 401(k) Plan rank by assets among Form 5500 filers? ▼
Michelsen Packaging Company 401(k) Plan ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Michelsen Packaging Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Franke USA Holding, Inc. Savings Plus Plan in TN ($65M, 751 participants).
Which 401(k) plans cover a similar participant headcount to Michelsen Packaging Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Benchmark Landscape, Inc. 401(k) Profit Sharing Plan in CA (177 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 910598777.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.