401(k) · DOL Form 5500 · 2022

Elevate Textiles, Inc. 401(k) Plan

Data updated 2026-08-25

$202M
Total assets Near avg plan size
2,490
Participants Above avg headcount
96th
Percentile by assets National rank
$80,961
Avg per participant Below avg balance/head
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Official DOL plan name: Elevate Textiles 401(k) Retirement Plan · Sponsored by Elevate Textiles, Inc. · North Carolina · Manufacturing

$202M in assets, 2,490 participants

Elevate Textiles, Inc.'s Elevate Textiles 401(k) Retirement Plan reported $202M in total assets and 2,490 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.

  • #19,187 in Manufacturing (20,602 peers)

Coverage in North Carolina

Elevate Textiles 401(k) Retirement Plan covers 2,490 participants in North Carolina, 3.0x the typical North Carolina plan (state average ~819 per filing). Assets: $202M.

#19,187
in Manufacturing (20,602 peers)
-17.1%
assets change YoY
2.0×
vs typical plan assets (national mean)

The plan reported a net loss of $42M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Elevate Textiles 401(k) Retirement Plan's outsized position by total assets

Elevate Textiles 401(k) Retirement Plan vs every filed plan by assets

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

$201,593,095 Top 4% higher than 96% 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

Elevate Textiles 401(k) Retirement Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Elevate Textiles 401(k) Retirement Plan lands in the large band (2,490 participants).

Form 5500 schedule snapshot

Filing strip 330596831 · Elevate Textiles, Inc. PY 2022 · 401(k)

Elevate Textiles 401(k) Retirement Plan · $202M · 2,490 · 96th

  • SCH $202M
  • SCH 2,490
  • SCH 96th
  • SCH 401(k)
  • SCH near Brownstein Hyatt Farber Schreck Retirement Plan
  • SCH ind #19187

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 →

Elevate Textiles 401(k) Retirement Plan in the asset neighbourhood

United Bankshares, Inc. Savings and Stock Investment PlanUnited Bankshares, Inc. Savi…$202MCable One 401(k) Plan$202MElevate Textiles 401(k) Retirement PlanElevate Textiles 401(k) Reti…$202MBrownstein Hyatt Farber Schreck Retirement PlanBrownstein Hyatt Farber Schr…$202MWinco Foods 401(k) Plan$202M
End-of-year total assets ($M) among Elevate Textiles 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)$243M
Net Assets (End of Year)$202M
Net Income-$42M
Employer EIN330596831
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Elevate Textiles, Inc.)

Sponsor-wide plan assets over time

All Elevate Textiles, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$235M 14.26546168504094% vs 2022
2024 filing year
$200M$210M$220M$230M$240M 202220232024 $205M $235M ▲ +14.3%
Year Plans Participants Total Assets
2022 2 2,636 $205M
2023 2 2,688 $223M
2024 2 2,423 $235M

Nearby 401(k) Plans in North Carolina

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

Elevate Textiles 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 ($B) Participants Elevate Textiles 401(k) Retirement Plan, Total assets ($B): 0.201593095 · Participants: 2490Elevate Textiles 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
Elevate Textiles 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Elevate Textiles 401(k) Retirement Plan side-by-side with 3 peers →

Elevate Textiles 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 Brownstein Hyatt Farber Schreck Retirement Plan in CO ($202M); by covered participants it is Isc Group, LLC 401(k) Retirement Plan in LA (2,489 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($202M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,490 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 Elevate Textiles 401(k) Retirement Plan assets move in 2022? ▼
Elevate Textiles 401(k) Retirement Plan declined sharply - down 17.1% during 2022, from $243M to $202M. Reported net income was -$42M.
How have Elevate Textiles, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Elevate Textiles, Inc.'s sponsor-wide assets grew 14.3%, from $205M to $235M.
Where does Elevate Textiles 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Elevate Textiles 401(k) Retirement Plan ranks in the 96th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Elevate Textiles 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Brownstein Hyatt Farber Schreck Retirement Plan in CO ($202M, 515 participants).
Which 401(k) plans cover a similar participant headcount to Elevate Textiles 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Isc Group, LLC 401(k) Retirement Plan in LA (2,489 participants, $110M 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 330596831.

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.