Bag Makers, Inc. 401(k)/Profit Sharing Plan

Reviewed by PlainRetire Editorial, Retirement Plans Editorial Team · June 16, 2026

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Bag Makers, Inc. · Illinois · Manufacturing

What the 2023 filing shows

Bag Makers, Inc. 401(k)/Profit Sharing Plan holds $12M for 281 participants — about $43,066 per participant, down 10.1% over the 2022 plan year.

$12M
total plan assets (2022 EOY): 281
covered participants: $43,066
avg assets per participant: -10.1%
assets change YoY

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.

Total Assets (2023)

$12M

Participants

281

State

Illinois

Industry

Manufacturing

What the Filing Says About Bag Makers, Inc. 401(k)/Profit Sharing Plan

Bag Makers, Inc. 401(k)/Profit Sharing Plan is a 401(k) retirement plan sponsored by Bag Makers, Inc., headquartered in Illinois. As of the 2022 Form 5500 filing, the plan reports $12M in total end-of-year assets and covers 281 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 363160284, and the plan has been effective since 1991-08-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $13M at the beginning of 2022 to $12M at year-end — a decline of 10.1%. Net assets (after liabilities) closed the year at $12M, with reported net income of $-1,359,901 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)	$13M
Total Assets (End of Year)	$12M
Net Assets (End of Year)	$12M
Net Income	$-1,359,901
Plan Type	401(k)
Employer EIN	363160284
Plan Effective Date	1991-08-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Bag Makers, Inc.)

Year	Plans	Participants	Total Assets
2022	1	281	$12M
2023	1	292	$15M
2024	1	334	$17M

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Related Data

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Frequently Asked Questions

How much money is in the Bag Makers, Inc. 401(k)/Profit Sharing Plan? ▼

As of the 2022 Form 5500 filing, Bag Makers, Inc. 401(k)/Profit Sharing Plan holds $12M in total assets with 281 participants. It is sponsored by Bag Makers, Inc..

What type of plan is Bag Makers, Inc. 401(k)/Profit Sharing Plan? ▼

Bag Makers, Inc. 401(k)/Profit Sharing Plan is a 401(k) plan. It has been effective since 1991-08-01. The plan is filed with the U.S. Department of Labor under EIN 363160284.

Who sponsors the Bag Makers, Inc. 401(k)/Profit Sharing Plan? ▼

Bag Makers, Inc. 401(k)/Profit Sharing Plan is sponsored by Bag Makers, Inc., located in Illinois. The sponsor's EIN is 363160284 and the plan operates in the Manufacturing industry.

How did Bag Makers, Inc. 401(k)/Profit Sharing Plan perform in 2022? ▼

Bag Makers, Inc. 401(k)/Profit Sharing Plan declined by 10.1% during 2022, moving from $13M to $12M in total assets. Net income was $-1,359,901.

Where can I find official filings for Bag Makers, Inc. 401(k)/Profit Sharing Plan? ▼

Official Form 5500 filings for Bag Makers, Inc. 401(k)/Profit Sharing Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 363160284 or plan name at efast.dol.gov.

How does Bag Makers, Inc. 401(k)/Profit Sharing Plan compare to other plans? ▼

You can compare Bag Makers, Inc. 401(k)/Profit Sharing Plan against other 401(k) plans on the plan type page, or view plans in Illinois on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.