401(k) · DOL Form 5500 · 2022

Craft Machine Works, Inc. 401(k) Plan

Data updated 2026-08-25

$1M
Total assets Small plan by assets
124
Participants Small participant base
29th
Percentile by assets National rank
$11,315
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Craft Employees Retirement and Savings Plan · Sponsored by Craft Machine Works, Inc. · Virginia · Manufacturing

$1M in assets, 124 participants

Craft Machine Works, Inc.'s Craft Employees Retirement and Savings Plan reported $1M in total assets and 124 participants in its 2022 DOL Form 5500 filing, ranking in the 29th 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.

  • #2,870 in Manufacturing (20,602 peers)

Coverage in Virginia

Craft Employees Retirement and Savings Plan covers 124 participants in Virginia, about 16% of the average Virginia filer (state average ~782 per filing). Assets: $1M.

#2,870
in Manufacturing (20,602 peers)
-28.2%
assets change YoY

The plan reported a net loss of $550K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Craft Employees Retirement and Savings Plan among the smaller filed plans by assets

Craft Employees Retirement and Savings Plan vs every filed plan by assets

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

$1,403,006 29th percentile higher than 29% 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

Craft Employees Retirement and Savings 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. Craft Employees Retirement and Savings Plan sits mid-pack in the medium band (124 participants).

Form 5500 schedule snapshot

Filing strip 540882083 · Craft Machine Works, Inc. PY 2022 · 401(k)

Craft Employees Retirement and Savings Plan · $1M · 124 · 29th

  • BOOK $1M
  • VS-ST 124
  • BOY 29th
  • SCH 401(k)
  • EBSA near Waterleau 401(k) Plan
  • PART ind #2870

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 Virginia →

Craft Employees Retirement and Savings Plan in the asset neighbourhood

Craft Employees Retirement and Savings PlanCraft Employees Retirement a…$1MWaterleau 401(k) Plan$1MAdvanced Strategies 401(k) PlanAdvanced Strategies 401(k) P…$1MProcentia Inc. 401(k) Plan$1MWestcor Companies 401(k) Plan$1M
End-of-year total assets ($M) among Craft Employees Retirement and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$1M
Net Income-$550K
Employer EIN540882083
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Craft Machine Works, Inc.)

Sponsor-wide plan assets over time

All Craft Machine Works, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 41.0458686562994% vs 2022
2024 filing year
$1.2M$1.4M$1.6M$1.8M$2M$2.2M 202220232024 $1.4M $1.98M ▲ +41.4%
Year Plans Participants Total Assets
2022 1 124 $1M
2023 1 120 $2M
2024 1 84 $2M

Nearby 401(k) Plans in Virginia

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

Craft Employees Retirement and Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants Craft Employees Retirement and Savings Plan, Total assets ($B): 0.001403006 · Participants: 124Craft Employees Retirement and Savings PlanNorthrop Grumman Savings Plan, Total assets ($B): 32.567331218 · Participants: 92420Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 12.972737361 · Participants: 61481401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 9.624791923 · Participants: 36822General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 8.665678993 · Participants: 26125Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 8.232987243 · Participants: 31556Bae Systems Employees' Savings and Investment Plan
Craft Employees Retirement and Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Craft Employees Retirement and Savings Plan side-by-side with 3 peers →

Craft Employees Retirement and Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Waterleau 401(k) Plan in MA ($1M); by covered participants it is Mp Biomedicals, Inc. Retirement Savings Plan in CA (124 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1M here).

Similar participant headcount

Nearest other-state filings by covered participants (124 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 Craft Employees Retirement and Savings Plan assets move in 2022? ▼
Craft Employees Retirement and Savings Plan declined sharply - down 28.2% during 2022, from $2M to $1M. Reported net income was -$550K.
How have Craft Machine Works, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Craft Machine Works, Inc.'s sponsor-wide assets grew 41.0%, from $1M to $2M.
Which 401(k) plans are similar in size to Craft Employees Retirement and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Waterleau 401(k) Plan in MA ($1M, 14 participants).
Which 401(k) plans cover a similar participant headcount to Craft Employees Retirement and Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mp Biomedicals, Inc. Retirement Savings Plan in CA (124 participants, $9M 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 540882083.

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.