401(k) · DOL Form 5500 · 2023

Homestead Tool & Machine, Inc. 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
25
Participants Small participant base
44th
Percentile by assets National rank
$197,007
Avg per participant Above avg balance/head
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Official DOL plan name: Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan · Sponsored by Homestead Tool & Machine, Inc. · Michigan · Manufacturing

$5M in assets, 25 participants

Homestead Tool & Machine, Inc.'s Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan reported $5M in total assets and 25 participants in its 2023 DOL Form 5500 filing, ranking in the 44th 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.

  • #5,103 in Manufacturing (18,722 peers)

Homestead Tool & Machine, Inc. multi-year trail

Homestead Tool & Machine, Inc.'s plans moved +34.9% in assets from 2022 to 2024; this filing shows Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan at $5M / 25 participants.

#5,103
in Manufacturing (18,722 peers)
+17.2%
assets growth YoY

Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan's mid-pack asset rank among Manufacturing and all filers

Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan vs every filed plan by assets

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

$4,925,175 44th percentile higher than 44% 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

Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan is a small filing (25 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan reported net income rose from -$877K in the plan year 2022 filing to $721K in the plan year 2023 filing.
  • Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan end-of-year assets rose from $4M in the plan year 2022 filing to $5M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 382120609 · Homestead Tool & Machine, Inc. PY 2023 · 401(k)

Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan · $5M · 25 · 44th

  • NET $5M
  • NET 25
  • NET 44th
  • NET 401(k)
  • NET near Eastgate Group 401(k) Plan
  • NET ind #5103

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 →

Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan in the asset neighbourhood

Homestead Tool & Machine, Inc. 401(k) & Profit Sharing PlanHomestead Tool & Machine, In…$5MEastgate Group 401(k) Plan$5MCollege Football Playoff 401(k) Profit Sharing PlanCollege Football Playoff 401…$5MCaribe Federal Credit Union Employees Pension PlanCaribe Federal Credit Union …$5MThe Cleveland-Cliffs Steel Corporation Thrift Plan BThe Cleveland-Cliffs Steel C…$5M
End-of-year total assets ($M) among Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Homestead Tool & Machine, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Homestead Tool & Machine, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$6M 34.93480675390183% vs 2022
2024 filing year
$4M$4.5M$5M$5.5M$6M 202220232024 $4.2M $5.67M ▲ +35.0%
Year Plans Participants Total Assets
2022 1 25 $4M
2023 1 25 $5M
2024 1 23 $6M

Homestead Tool & Machine, Inc. filing trail (2023)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$5M
Net Income$721K
Employer EIN382120609
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Michigan

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

Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan, Total assets ($B): 0.004925175 · Participants: 25Homestead Tool & Machine, Inc. 401(k) & Profit Sharing PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The 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): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan side-by-side with 3 peers →

Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Eastgate Group 401(k) Plan in OH ($5M); by covered participants it is Pyromet 401(k) Plan in PA (25 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (25 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 Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan assets move in 2023? ▼
Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan grew sharply - up 17.2% during 2023, from $4M to $5M. Reported net income was $721K.
How have Homestead Tool & Machine, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Homestead Tool & Machine, Inc.'s sponsor-wide assets grew 34.9%, from $4M to $6M.
Which 401(k) plans are similar in size to Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Eastgate Group 401(k) Plan in OH ($5M, 49 participants).
Which 401(k) plans cover a similar participant headcount to Homestead Tool & Machine, Inc. 401(k) & Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pyromet 401(k) Plan in PA (25 participants, N/A 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 382120609.

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.