401(k) · DOL Form 5500 · 2023

Welcome Finance Company, Inc. 401(k) Plan

Data updated 2026-08-25

$822K
Total assets Small plan by assets
22
Participants Small participant base
22nd
Percentile by assets National rank
$37,344
Avg per participant Low balance/head
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Official DOL plan name: Welcome Finance Company, Inc. Employees 401(k) Plan · Sponsored by Welcome Finance Company, Inc. · North Carolina · Finance & Insurance

$822K in assets, 22 participants

Welcome Finance Company, Inc.'s Welcome Finance Company, Inc. Employees 401(k) Plan reported $822K in total assets and 22 participants in its 2023 DOL Form 5500 filing, ranking in the 22nd 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.

  • #1,224 in Finance & Insurance (8,869 peers)

Welcome Finance Company, Inc. multi-year trail

Welcome Finance Company, Inc.'s plans moved +32.6% in assets from 2022 to 2024; this filing shows Welcome Finance Company, Inc. Employees 401(k) Plan at $822K / 22 participants.

#1,224
in Finance & Insurance (8,869 peers)
+19.2%
assets growth YoY

Welcome Finance Company, Inc. Employees 401(k) Plan among the smaller filed plans by assets

Welcome Finance Company, Inc. Employees 401(k) Plan vs every filed plan by assets

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

$821,557 22nd percentile higher than 22% 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

Welcome Finance Company, Inc. Employees 401(k) 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. Welcome Finance Company, Inc. Employees 401(k) Plan is a small filing (22 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Welcome Finance Company, Inc. Employees 401(k) Plan reported net income rose from -$313K in the plan year 2022 filing to $132K in the plan year 2023 filing.
  • Welcome Finance Company, Inc. Employees 401(k) Plan reported participants fell from 31 in the plan year 2022 filing to 22 in the plan year 2023 filing.
  • Welcome Finance Company, Inc. Employees 401(k) Plan end-of-year assets rose from $689K in the plan year 2022 filing to $822K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 560939475 · Welcome Finance Company, Inc. PY 2023 · 401(k)

Welcome Finance Company, Inc. Employees 401(k) Plan · $822K · 22 · 22nd

  • PART $822K
  • TYPE 22
  • NET 22nd
  • BOOK 401(k)
  • VS-ST near Gabe Sullivan Dds PLC Safe Harbor 401(k) Plan
  • BOY ind #1224

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 Finance & Insurance retirement plans → · Plans in North Carolina →

Welcome Finance Company, Inc. Employees 401(k) Plan in the asset neighbourhood

Welcome Finance Company, Inc. Employees 401(k) PlanWelcome Finance Company, Inc…$822KGabe Sullivan Dds PLC Safe Harbor 401(k) PlanGabe Sullivan Dds PLC Safe H…$822KCascade Wellness Center Ps 401(k) PlanCascade Wellness Center Ps 4…$822KJpnkd, Inc. 401(k) Profit Sharing PlanJpnkd, Inc. 401(k) Profit Sh…$821KFirelands Radiology, Inc. 401(k) Profit-Sharing Plan and TrustFirelands Radiology, Inc. 40…$821K
End-of-year total assets ($M) among Welcome Finance Company, Inc. Employees 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Welcome Finance Company, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Welcome Finance Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$914K 32.64402072580961% vs 2022
2024 filing year
$0.6M$0.7M$0.8M$0.9M$1M 202220232024 $0.69M $0.91M ▲ +31.9%
Year Plans Participants Total Assets
2022 1 31 $689K
2023 1 22 $822K
2024 1 25 $914K

Welcome Finance Company, Inc. filing trail (2023)

Total Assets (Beginning of Year)$689K
Net Assets (End of Year)$822K
Net Income$132K
Employer EIN560939475
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

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

Welcome Finance Company, Inc. Employees 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Welcome Finance Company, Inc. Employees 401(k) Plan, Total assets ($B): 0.000821557 · Participants: 22Welcome Finance Company, Inc. Employees 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Welcome Finance Company, Inc. Employees 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Welcome Finance Company, Inc. Employees 401(k) Plan side-by-side with 3 peers →

Welcome Finance Company, Inc. Employees 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Gabe Sullivan Dds PLC Safe Harbor 401(k) Plan in TN ($822K); by covered participants it is Ulrich Consulting Group 401(k) Profit Sharing Plan in NM (22 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (22 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 Welcome Finance Company, Inc. Employees 401(k) Plan assets move in 2023? ▼
Welcome Finance Company, Inc. Employees 401(k) Plan grew sharply - up 19.2% during 2023, from $689K to $822K. Reported net income was $132K.
How have Welcome Finance Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Welcome Finance Company, Inc.'s sponsor-wide assets grew 32.6%, from $689K to $914K.
Where does Welcome Finance Company, Inc. Employees 401(k) Plan rank by assets among Form 5500 filers? ▼
Welcome Finance Company, Inc. Employees 401(k) Plan ranks in the 22nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Welcome Finance Company, Inc. Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gabe Sullivan Dds PLC Safe Harbor 401(k) Plan in TN ($822K, 17 participants).
Which 401(k) plans cover a similar participant headcount to Welcome Finance Company, Inc. Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ulrich Consulting Group 401(k) Profit Sharing Plan in NM (22 participants, $4M 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 560939475.

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.