401(k) · DOL Form 5500 · 2022

Profac, Inc. Dba Merritt Woodwork 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
131
Participants Small participant base
52nd
Percentile by assets National rank
$40,553
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Merritt Woodwork 401(k) Profit Sharing Plan · Sponsored by Profac, Inc. Dba Merritt Woodwork · Ohio · Manufacturing

$5M in assets, 131 participants

Profac, Inc. Dba Merritt Woodwork's Merritt Woodwork 401(k) Profit Sharing Plan reported $5M in total assets and 131 participants in its 2022 DOL Form 5500 filing, ranking in the 52nd 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.

  • #7,355 in Manufacturing (20,602 peers)

Coverage in Ohio

Merritt Woodwork 401(k) Profit Sharing Plan covers 131 participants in Ohio, about 17% of the average Ohio filer (state average ~765 per filing). Assets: $5M.

#7,355
in Manufacturing (20,602 peers)
-14.6%
assets change YoY

The plan reported a net loss of $908K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Merritt Woodwork 401(k) Profit Sharing Plan's mid-pack asset rank among Manufacturing and all filers

Merritt Woodwork 401(k) Profit Sharing Plan vs every filed plan by assets

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

$5,312,416 Top 48% higher than 52% 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

Merritt Woodwork 401(k) Profit Sharing 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. Merritt Woodwork 401(k) Profit Sharing Plan sits mid-pack in the medium band (131 participants).

Published 5500 schedule card

Filing strip 341107300 · Profac, Inc. Dba Merritt Woodwork PY 2022 · 401(k)

Merritt Woodwork 401(k) Profit Sharing Plan · $5M · 131 · 52nd

  • EOY $5M
  • EOY 131
  • EOY 52nd
  • EOY 401(k)
  • EOY near Precision Electronic Glass, Inc. 401(k) Profit Sharing Plan
  • EOY ind #7355

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 Ohio →

Merritt Woodwork 401(k) Profit Sharing Plan in the asset neighbourhood

Merritt Woodwork 401(k) Profit Sharing PlanMerritt Woodwork 401(k) Prof…$5MPrecision Electronic Glass, Inc. 401(k) Profit Sharing PlanPrecision Electronic Glass, …$5MDavid & Margaret Home. Inc. 401(k) Retirement PlanDavid & Margaret Home. Inc. …$5MMccombs Steel Company, Inc. 401(k) Profit Sharing PlanMccombs Steel Company, Inc. …$5MWorld Emblem International, Inc. 401(k) Profit Sharing PlanWorld Emblem International, …$5M
End-of-year total assets ($M) among Merritt Woodwork 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Ohio filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$5M
Net Income-$908K
Employer EIN341107300
Plan Effective Date2005-04-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Profac, Inc. Dba Merritt Woodwork)

Sponsor-wide plan assets over time

All Profac, Inc. Dba Merritt Woodwork plans reported in each filing year

Latest sponsor-wide plan assets
$7M 24.023683386240837% vs 2022
2023 filing year
$5M$5.5M$6M$6.5M$7M 20222023 $5.31M $6.59M ▲ +24.1%
Year Plans Participants Total Assets
2022 1 131 $5M
2023 1 130 $7M

Nearby 401(k) Plans in Ohio

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

Merritt Woodwork 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20246810 Total assets ($B) Participants Merritt Woodwork 401(k) Profit Sharing Plan, Total assets ($B): 0.005312416 · Participants: 131Merritt Woodwork 401(k) Profit Sharing PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 8.343834208 · Participants: 44890The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 7.60950811 · Participants: 50299The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 7.311555 · Participants: 116133The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 6.73672335 · Participants: 24278Nationwide Savings PlanMarathon Petroleum Thrift Plan, Total assets ($B): 6.371480588 · Participants: 17666Marathon Petroleum Thrift Plan
Merritt Woodwork 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Merritt Woodwork 401(k) Profit Sharing Plan side-by-side with 3 peers →

Merritt Woodwork 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Precision Electronic Glass, Inc. 401(k) Profit Sharing Plan in NJ ($5M); by covered participants it is Premium Brands Holdings Corporation Retirement Plan in WA (131 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (131 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 Merritt Woodwork 401(k) Profit Sharing Plan assets move in 2022? ▼
Merritt Woodwork 401(k) Profit Sharing Plan pulled back noticeably - down 14.6% during 2022, from $6M to $5M. Reported net income was -$908K.
How have Profac, Inc. Dba Merritt Woodwork plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Profac, Inc. Dba Merritt Woodwork's sponsor-wide assets grew 24.0%, from $5M to $7M.
Which 401(k) plans are similar in size to Merritt Woodwork 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Precision Electronic Glass, Inc. 401(k) Profit Sharing Plan in NJ ($5M, 80 participants).
Which 401(k) plans cover a similar participant headcount to Merritt Woodwork 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Premium Brands Holdings Corporation Retirement Plan in WA (131 participants, $4M 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 341107300.

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.