Gorbel, Inc. 401(k) Employee Savings and Retirement 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 Gorbel, Inc. · New York · Manufacturing

What the 2023 filing shows

Gorbel, Inc. 401(k) Employee Savings and Retirement Plan holds $33M for 596 participants — about $55,802 per participant, down 12.9% over the 2022 plan year.

$33M
total plan assets (2022 EOY): 596
covered participants: $55,802
avg assets per participant: -12.9%
assets change YoY

The plan reported a net loss of $5M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$33M

Participants

596

State

New York

Industry

Manufacturing

What the Filing Says About Gorbel, Inc. 401(k) Employee Savings and Retirement Plan

Gorbel, Inc. 401(k) Employee Savings and Retirement Plan is a 401(k) retirement plan sponsored by Gorbel, Inc., headquartered in New York. As of the 2022 Form 5500 filing, the plan reports $33M in total end-of-year assets and covers 596 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 161093854, and the plan has been effective since 1988-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $38M at the beginning of 2022 to $33M at year-end — a decline of 12.9%. Net assets (after liabilities) closed the year at $33M, with reported net income of $-4,943,093 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)	$38M
Total Assets (End of Year)	$33M
Net Assets (End of Year)	$33M
Net Income	$-4,943,093
Plan Type	401(k)
Employer EIN	161093854
Plan Effective Date	1988-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Gorbel, Inc.)

Year	Plans	Participants	Total Assets
2022	1	596	$33M
2023	1	462	$40M
2024	1	446	$45M

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Related Data

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Frequently Asked Questions

How much money is in the Gorbel, Inc. 401(k) Employee Savings and Retirement Plan? ▼

As of the 2022 Form 5500 filing, Gorbel, Inc. 401(k) Employee Savings and Retirement Plan holds $33M in total assets with 596 participants. It is sponsored by Gorbel, Inc..

What type of plan is Gorbel, Inc. 401(k) Employee Savings and Retirement Plan? ▼

Gorbel, Inc. 401(k) Employee Savings and Retirement Plan is a 401(k) plan. It has been effective since 1988-01-01. The plan is filed with the U.S. Department of Labor under EIN 161093854.

Who sponsors the Gorbel, Inc. 401(k) Employee Savings and Retirement Plan? ▼

Gorbel, Inc. 401(k) Employee Savings and Retirement Plan is sponsored by Gorbel, Inc., located in New York. The sponsor's EIN is 161093854 and the plan operates in the Manufacturing industry.

How did Gorbel, Inc. 401(k) Employee Savings and Retirement Plan perform in 2022? ▼

Gorbel, Inc. 401(k) Employee Savings and Retirement Plan declined by 12.9% during 2022, moving from $38M to $33M in total assets. Net income was $-4,943,093.

Where can I find official filings for Gorbel, Inc. 401(k) Employee Savings and Retirement Plan? ▼

Official Form 5500 filings for Gorbel, Inc. 401(k) Employee Savings and Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 161093854 or plan name at efast.dol.gov.

How does Gorbel, Inc. 401(k) Employee Savings and Retirement Plan compare to other plans? ▼

You can compare Gorbel, Inc. 401(k) Employee Savings and Retirement Plan against other 401(k) plans on the plan type page, or view plans in New York on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.