401(k) · DOL Form 5500 · 2023

Hansen Marine Engineering, Inc. 401(k) Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
9
Participants Small participant base
31st
Percentile by assets National rank
$233,251
Avg per participant Above avg balance/head
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Official DOL plan name: Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust · Sponsored by Hansen Marine Engineering, Inc. · Massachusetts · Professional & Technical Services

$2M in assets, 9 participants

Hansen Marine Engineering, Inc.'s Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust reported $2M in total assets and 9 participants in its 2023 DOL Form 5500 filing, ranking in the 31st 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.

  • #5,504 in Professional & Technical Services (20,321 peers)

Hansen Marine Engineering, Inc. multi-year trail

Hansen Marine Engineering, Inc.'s plans moved +24.8% in assets from 2022 to 2024; this filing shows Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust at $2M / 9 participants.

#5,504
in Professional & Technical Services (20,321 peers)
+15.4%
assets growth YoY

Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust among the smaller filed plans by assets

Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$2,099,263 31st percentile higher than 31% of 127,068 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 2023

Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust is a micro filing (9 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust reported net income rose from -$364K in the plan year 2022 filing to $280K in the plan year 2023 filing.
  • Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust end-of-year assets rose from $2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust reported participants fell from 10 in the plan year 2022 filing to 9 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 042559605 · Hansen Marine Engineering, Inc. PY 2023 · 401(k)

Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust · $2M · 9 · 31st

  • IND $2M
  • EOY 9
  • 5500 31st
  • ASSETS 401(k)
  • PCT near Storage Works, Inc. 401(k) Profit Sharing Plan
  • EIN ind #5504

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 Professional & Technical Services retirement plans → · Plans in Massachusetts →

Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust in the asset neighbourhood

Hansen Marine Engineering, Inc. Profit Sharing Plan and TrustHansen Marine Engineering, I…$2MStorage Works, Inc. 401(k) Profit Sharing PlanStorage Works, Inc. 401(k) P…$2MNursecore Management Services, LLC. 401(k) Profit Sharing PlanNursecore Management Service…$2MFred T. Polacek 401(k) Plan$2MPathology Associates of N.E. Pennsylvania Retirement PlanPathology Associates of N.E.…$2M
End-of-year total assets ($M) among Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Hansen Marine Engineering, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Hansen Marine Engineering, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 24.820223181080788% vs 2022
2024 filing year
$1.6M$1.8M$2M$2.2M$2.4M 202220232024 $1.82M $2.27M ▲ +24.7%
Year Plans Participants Total Assets
2022 1 10 $2M
2023 1 9 $2M
2024 1 8 $2M

Hansen Marine Engineering, Inc. filing trail (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$280K
Employer EIN042559605
Plan Effective Date1985-05-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Massachusetts

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

Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust, Total assets ($B): 0.002099263 · Participants: 9Hansen Marine Engineering, Inc. Profit Sharing Plan and TrustFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust side-by-side with 3 peers →

Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Storage Works, Inc. 401(k) Profit Sharing Plan in FL ($2M); by covered participants it is Consumer Construction of N. Virginia Inc. 401(k) Plan in VA (9 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (9 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust assets move in 2023? ▼
Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust grew sharply - up 15.4% during 2023, from $2M to $2M. Reported net income was $280K.
How have Hansen Marine Engineering, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hansen Marine Engineering, Inc.'s sponsor-wide assets grew 24.8%, from $2M to $2M.
Which 401(k) plans are similar in size to Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Storage Works, Inc. 401(k) Profit Sharing Plan in FL ($2M, 2 participants).
Which 401(k) plans cover a similar participant headcount to Hansen Marine Engineering, Inc. Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Consumer Construction of N. Virginia Inc. 401(k) Plan in VA (9 participants, $459K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 042559605.

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.