401(k) · DOL Form 5500 · 2022

Klingspor Abrasives, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
283
Participants Below avg headcount
68th
Percentile by assets National rank
$41,943
Avg per participant Low balance/head
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Official DOL plan name: Klingspor Abrasives, Inc. 401(k) Retirement Plan · Sponsored by Klingspor Abrasives, Inc. · North Carolina · Manufacturing

$12M in assets, 283 participants

Klingspor Abrasives, Inc.'s Klingspor Abrasives, Inc. 401(k) Retirement Plan reported $12M in total assets and 283 participants in its 2022 DOL Form 5500 filing, ranking in the 68th 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.

  • #11,630 in Manufacturing (20,602 peers)

Coverage in North Carolina

Klingspor Abrasives, Inc. 401(k) Retirement Plan covers 283 participants in North Carolina, about 35% of the average North Carolina filer (state average ~819 per filing). Assets: $12M.

#11,630
in Manufacturing (20,602 peers)
-20.9%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Klingspor Abrasives, Inc. 401(k) Retirement Plan's outsized position by total assets

Klingspor Abrasives, Inc. 401(k) Retirement Plan vs every filed plan by assets

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

$11,869,845 Top 32% higher than 68% 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

Klingspor Abrasives, Inc. 401(k) Retirement 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. Klingspor Abrasives, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (283 participants).

Form 5500 schedule snapshot

Filing strip 561252941 · Klingspor Abrasives, Inc. PY 2022 · 401(k)

Klingspor Abrasives, Inc. 401(k) Retirement Plan · $12M · 283 · 68th

  • IND $12M
  • EOY 283
  • 5500 68th
  • ASSETS 401(k)
  • PCT near Automotive Management, Inc. 401(k) Plan
  • EIN ind #11630

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 North Carolina →

Klingspor Abrasives, Inc. 401(k) Retirement Plan in the asset neighbourhood

Klingspor Abrasives, Inc. 401(k) Retirement PlanKlingspor Abrasives, Inc. 40…$12MAutomotive Management, Inc. 401(k) PlanAutomotive Management, Inc. …$12MNexfirm LLC & Member Firms' 401(k) Retirement PlanNexfirm LLC & Member Firms' …$12MMayekawa USA, Inc. 401(k) Savings PlanMayekawa USA, Inc. 401(k) Sa…$12MEtic 401(k) Plan$12M
End-of-year total assets ($M) among Klingspor Abrasives, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$12M
Net Income-$3M
Employer EIN561252941
Plan Effective Date1989-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Klingspor Abrasives, Inc.)

Sponsor-wide plan assets over time

All Klingspor Abrasives, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 5.474300633243315% vs 2022
2024 filing year
$11.5M$12M$12.5M$13M 202220232024 $11.9M $12.5M ▲ +5.5%
Year Plans Participants Total Assets
2022 1 283 $12M
2023 1 250 $12M
2024 1 267 $13M

Nearby 401(k) Plans in North Carolina

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

Klingspor Abrasives, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Klingspor Abrasives, Inc. 401(k) Retirement Plan, Total assets ($B): 0.011869845 · Participants: 283Klingspor Abrasives, Inc. 401(k) Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Klingspor Abrasives, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Klingspor Abrasives, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Klingspor Abrasives, Inc. 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Automotive Management, Inc. 401(k) Plan in MA ($12M); by covered participants it is Jerritt Canyon Gold LLC 401(k) Plan in NV (283 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($12M here).

Similar participant headcount

Nearest other-state filings by covered participants (283 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 Klingspor Abrasives, Inc. 401(k) Retirement Plan assets move in 2022? ▼
Klingspor Abrasives, Inc. 401(k) Retirement Plan declined sharply - down 20.9% during 2022, from $15M to $12M. Reported net income was -$3M.
How have Klingspor Abrasives, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Klingspor Abrasives, Inc.'s sponsor-wide assets grew 5.5%, from $12M to $13M.
Which 401(k) plans are similar in size to Klingspor Abrasives, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Automotive Management, Inc. 401(k) Plan in MA ($12M, 297 participants).
Which 401(k) plans cover a similar participant headcount to Klingspor Abrasives, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Jerritt Canyon Gold LLC 401(k) Plan in NV (283 participants, $3M 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 561252941.

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.