Profit Sharing · DOL Form 5500 · 2022

Storm Products, Inc. Profit Sharing Plan

Data updated 2026-08-11

$11M
Total assets
197
Participants
66th
Percentile by assets
$53,470
Avg per participant
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Official DOL plan name: Chrisman Employee Benefit Plan · Sponsored by Storm Products, Inc. · Utah · Manufacturing

$11M in assets, 197 participants

Storm Products, Inc.'s Chrisman Employee Benefit Plan reported $11M in total assets and 197 participants in its 2022 DOL Form 5500 filing, ranking in the 66th 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.

  • 66th percentile by assets (of 139,126 plans)
  • #11,020 in Manufacturing (20,602 peers)

Coverage in Utah

Chrisman Employee Benefit Plan covers 197 participants in Utah, about 33% of the average Utah filer (state average ~592 per filing). Assets: $11M.

$11M
total plan assets (2022 EOY)
197
covered participants
66th
percentile by assets (of 139,126 plans)
$53,470
avg assets per participant

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State
Industry

Participants vs Utah filers

In Utah, the average filing covers about 592 participants across 1,280 plans. Chrisman Employee Benefit Plan reports 197 participants - about 33% of that state average ($11M EOY assets).

Utah filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$11M
Net Income-$1M
Employer EIN870426089
Plan Effective Date1995-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Storm Products, Inc.)

$10M$12M$14M$16M 202220232024 $10.5M $14M ▲ +33.1%
Total plan assets by year, all Storm Products, Inc. plans on file
Year Plans Participants Total Assets
2022 1 197 $11M
2023 1 254 $13M
2024 1 216 $14M

Nearby Profit Sharing Plans in Utah

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Chrisman Employee Benefit Plan vs. nearby Profit Sharing plans in Utah, assets vs. participants

Chrisman Employee Benefit Plan vs. nearby Profit Sharing plans in Utah, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -1000100200300400 Total assets ($M) Participants Chrisman Employee Be…Wgu Retirement Savin…Dyno Nobel Inc. and …Management & Trainin…Parsons Behle & Lati…Rio Tinto Alcan 401(…
Chrisman Employee Benefit Plan vs. nearby Profit Sharing plans in Utah, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Chrisman Employee Benefit Plan by total assets, not by location.

Frequently Asked Questions

How did Chrisman Employee Benefit Plan assets move in 2022?
Chrisman Employee Benefit Plan pulled back noticeably - down 8.8% during 2022, from $12M to $11M. Reported net income was -$1M.
How have Storm Products, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Storm Products, Inc.'s sponsor-wide assets grew 33.1%, from $11M to $14M.
Which Profit Sharing plans are similar in size to Chrisman Employee Benefit Plan?
Among Profit Sharing plans in other states, the closest by assets is Neighbors in Need of Services Inc. Ninos Retirement Savings Plan in TX ($11M, 530 participants).

Next read for Chrisman Employee Benefit Plan

Filing takeaways

Ways to act on Chrisman Employee Benefit Plan's numbers.