401(k) · DOL Form 5500 · 2022

Challenge Mfg. Holdings 401(k) Plan

Data updated 2026-08-25

$61M
Total assets Below avg plan size
2,307
Participants Above avg headcount
90th
Percentile by assets National rank
$26,275
Avg per participant Low balance/head
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Official DOL plan name: Challenge Mfg. Company Profit Sharing and Retirement Savings Plan · Sponsored by Challenge Mfg. Holdings · Michigan · Manufacturing

$61M in assets, 2,307 participants

Challenge Mfg. Holdings's Challenge Mfg. Company Profit Sharing and Retirement Savings Plan reported $61M in total assets and 2,307 participants in its 2022 DOL Form 5500 filing, ranking in the 90th 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.

  • #17,400 in Manufacturing (20,602 peers)

Coverage in Michigan

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan covers 2,307 participants in Michigan, 3.6x the typical Michigan plan (state average ~638 per filing). Assets: $61M.

#17,400
in Manufacturing (20,602 peers)
-7.6%
assets change YoY
0.6×
vs typical plan assets (national mean)

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.

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan's outsized position by total assets

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan vs every filed plan by assets

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

$60,615,942 Top 10% higher than 90% 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

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Challenge Mfg. Company Profit Sharing and Retirement Savings Plan lands in the large band (2,307 participants).

EBSA filing schedule strip

Filing strip 464294293 · Challenge Mfg. Holdings PY 2022 · 401(k)

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan · $61M · 2,307 · 90th

  • EOY $61M
  • 5500 2,307
  • ASSETS 90th
  • PCT 401(k)
  • EIN near Basis Global Technologies, Inc. 401(k) Savings Plan
  • RANK ind #17400

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 Michigan →

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan in the asset neighbourhood

Challenge Mfg. Company Profit Sharing and Retirement Savings PlanChallenge Mfg. Company Profi…$61MBasis Global Technologies, Inc. 401(k) Savings PlanBasis Global Technologies, I…$61MLifelong Learner Holdings 401(k) PlanLifelong Learner Holdings 40…$61MThe Retirement Plan for Associates of Metromont LLCThe Retirement Plan for Asso…$61MPace Supply Corp. 401(k) Plan$61M
End-of-year total assets ($M) among Challenge Mfg. Company Profit Sharing and Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$66M
Net Assets (End of Year)$61M
Net Income-$5M
Employer EIN464294293
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Challenge Mfg. Holdings)

Sponsor-wide plan assets over time

All Challenge Mfg. Holdings plans reported in each filing year

Latest sponsor-wide plan assets
$140M 107.38236911922858% vs 2022
2024 filing year
$50M$100M$150M 202220232024 $67.3M $140M ▲ +107.4%
Year Plans Participants Total Assets
2022 2 4,028 $67M
2023 2 4,929 $102M
2024 2 5,555 $140M

Nearby 401(k) Plans in Michigan

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

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Challenge Mfg. Company Profit Sharing and Retirement Savings Plan, Total assets ($B): 0.060615942 · Participants: 2307Challenge Mfg. Company Profit Sharing and Retirement Savings PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Challenge Mfg. Company Profit Sharing and Retirement Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Challenge Mfg. Company Profit Sharing and Retirement Savings Plan side-by-side with 3 peers →

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Basis Global Technologies, Inc. 401(k) Savings Plan in IL ($61M); by covered participants it is Nv Energy 401(k) Plan in NV (2,308 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($61M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,307 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 Challenge Mfg. Company Profit Sharing and Retirement Savings Plan assets move in 2022? ▼
Challenge Mfg. Company Profit Sharing and Retirement Savings Plan pulled back noticeably - down 7.6% during 2022, from $66M to $61M. Reported net income was -$5M.
How have Challenge Mfg. Holdings plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Challenge Mfg. Holdings's sponsor-wide assets grew 107.4%, from $67M to $140M.
Where does Challenge Mfg. Company Profit Sharing and Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Challenge Mfg. Company Profit Sharing and Retirement Savings Plan ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Challenge Mfg. Company Profit Sharing and Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Basis Global Technologies, Inc. 401(k) Savings Plan in IL ($61M, 755 participants).
Which 401(k) plans cover a similar participant headcount to Challenge Mfg. Company Profit Sharing and Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nv Energy 401(k) Plan in NV (2,308 participants, $877M 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 464294293.

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.