Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan

Reviewed by PlainRetire Editorial, Retirement Plans Editorial Team

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

Sponsored by Tobacco Rag Processors Inc · North Carolina · Manufacturing

What the 2023 filing shows

Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan holds $5M for 122 participants — about $42,892 per participant, down 18.8% over the 2022 plan year.

$5M
total plan assets (2022 EOY): 122
covered participants: $42,892
avg assets per participant: -18.8%
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)

$5M

Participants

122

State

North Carolina

Industry

Manufacturing

What the Filing Says About Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan

Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan is a 401(k) retirement plan sponsored by Tobacco Rag Processors Inc, headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $5M in total end-of-year assets and covers 122 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 562203637, and the plan has been effective since 2005-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $6M at the beginning of 2022 to $5M at year-end — a decline of 18.8%. Net assets (after liabilities) closed the year at $5M, with reported net income of $-1,210,210 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)	$6M
Total Assets (End of Year)	$5M
Net Assets (End of Year)	$5M
Net Income	$-1,210,210
Plan Type	401(k)
Employer EIN	562203637
Plan Effective Date	2005-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Tobacco Rag Processors Inc)

Year	Plans	Participants	Total Assets
2022	2	285	$44M
2023	1	168	$49M
2024	2	311	$88M

Nearby 401(k) Plans in North Carolina

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The Bank of America 401(k) Plan $54.8B · 173,899
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Duke Energy Retirement Savings Plan $10.4B · 28,121
Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174

Compare Tobacco Rag Processors, Inc. 401(k) Safe… side-by-side with 3 peers →

Related Data

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Frequently Asked Questions

How much money is in the Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan? ▼

As of the 2022 Form 5500 filing, Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan holds $5M in total assets with 122 participants. It is sponsored by Tobacco Rag Processors Inc.

What type of plan is Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan? ▼

Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan is a 401(k) plan. It has been effective since 2005-01-01. The plan is filed with the U.S. Department of Labor under EIN 562203637.

Who sponsors the Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan? ▼

Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan is sponsored by Tobacco Rag Processors Inc, located in North Carolina. The sponsor's EIN is 562203637 and the plan operates in the Manufacturing industry.

How did Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan perform in 2022? ▼

Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan declined by 18.8% during 2022, moving from $6M to $5M in total assets. Net income was $-1,210,210.

Where can I find official filings for Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan? ▼

Official Form 5500 filings for Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 562203637 or plan name at efast.dol.gov.

How does Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan compare to other plans? ▼

You can compare Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan against other 401(k) plans on the plan type page, or view plans in North Carolina on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.