Akers Packaging Service, Inc. 401(k) Profit Sharing 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 Akers Packaging Service, Inc. · Ohio · Manufacturing

What the 2023 filing shows

Akers Packaging Service, Inc. 401(k) Profit Sharing Plan holds $26M for 184 participants — about $143,386 per participant, down 19.1% over the 2022 plan year.

$26M
total plan assets (2022 EOY): 184
covered participants: $143,386
avg assets per participant: -19.1%
assets change YoY

The plan reported a net loss of $6M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$26M

Participants

184

State

Ohio

Industry

Manufacturing

What the Filing Says About Akers Packaging Service, Inc. 401(k) Profit Sharing Plan

Akers Packaging Service, Inc. 401(k) Profit Sharing Plan is a 401(k) retirement plan sponsored by Akers Packaging Service, Inc., headquartered in Ohio. As of the 2022 Form 5500 filing, the plan reports $26M in total end-of-year assets and covers 184 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 310671096, and the plan has been effective since 1999-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $33M at the beginning of 2022 to $26M at year-end — a decline of 19.1%. Net assets (after liabilities) closed the year at $26M, with reported net income of $-6,210,661 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)	$33M
Total Assets (End of Year)	$26M
Net Assets (End of Year)	$26M
Net Income	$-6,210,661
Plan Type	401(k)
Employer EIN	310671096
Plan Effective Date	1999-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Akers Packaging Service, Inc.)

Year	Plans	Participants	Total Assets
2022	2	231	$26M
2023	2	248	$41M
2024	2	540	$48M

Nearby 401(k) Plans in Ohio

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

Procter & Gamble Profit Sharing Trust & Employee Stock Ownership Plan $23.1B · 32,152
GE Retirement Savings Plan $19.5B · 59,766
The Progressive 401(k) Plan $9.2B · 56,176
The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
Marathon Petroleum Thrift Plan $7.5B · 17,818

Compare Akers Packaging Service, Inc. 401(k) Pro… side-by-side with 3 peers →

Related Data

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Frequently Asked Questions

How much money is in the Akers Packaging Service, Inc. 401(k) Profit Sharing Plan? ▼

As of the 2022 Form 5500 filing, Akers Packaging Service, Inc. 401(k) Profit Sharing Plan holds $26M in total assets with 184 participants. It is sponsored by Akers Packaging Service, Inc..

What type of plan is Akers Packaging Service, Inc. 401(k) Profit Sharing Plan? ▼

Akers Packaging Service, Inc. 401(k) Profit Sharing Plan is a 401(k) plan. It has been effective since 1999-01-01. The plan is filed with the U.S. Department of Labor under EIN 310671096.

Who sponsors the Akers Packaging Service, Inc. 401(k) Profit Sharing Plan? ▼

Akers Packaging Service, Inc. 401(k) Profit Sharing Plan is sponsored by Akers Packaging Service, Inc., located in Ohio. The sponsor's EIN is 310671096 and the plan operates in the Manufacturing industry.

How did Akers Packaging Service, Inc. 401(k) Profit Sharing Plan perform in 2022? ▼

Akers Packaging Service, Inc. 401(k) Profit Sharing Plan declined by 19.1% during 2022, moving from $33M to $26M in total assets. Net income was $-6,210,661.

Where can I find official filings for Akers Packaging Service, Inc. 401(k) Profit Sharing Plan? ▼

Official Form 5500 filings for Akers Packaging Service, Inc. 401(k) Profit Sharing Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 310671096 or plan name at efast.dol.gov.

How does Akers Packaging Service, Inc. 401(k) Profit Sharing Plan compare to other plans? ▼

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