401(k) · DOL Form 5500 · 2023

Rapid Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$690K
Total assets Small plan by assets
3
Participants Small participant base
21st
Percentile by assets National rank
$230,118
Avg per participant Above avg balance/head
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Official DOL plan name: Rapid Industries, Inc. 401(k) Profit Sharing Plan · Sponsored by Rapid Industries, Inc. · New Jersey · Manufacturing

$690K in assets, 3 participants

Rapid Industries, Inc.'s Rapid Industries, Inc. 401(k) Profit Sharing Plan reported $690K in total assets and 3 participants in its 2023 DOL Form 5500 filing, ranking in the 21st 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.

  • #1,618 in Manufacturing (18,722 peers)

Rapid Industries, Inc. multi-year trail

Rapid Industries, Inc.'s plans moved -21.5% in assets from 2022 to 2024; this filing shows Rapid Industries, Inc. 401(k) Profit Sharing Plan at $690K / 3 participants.

#1,618
in Manufacturing (18,722 peers)
-31.3%
assets change YoY

The plan reported a net loss of $314K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Rapid Industries, Inc. 401(k) Profit Sharing Plan among the smaller filed plans by assets

Rapid Industries, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$690,353 21st percentile higher than 21% 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

Rapid Industries, Inc. 401(k) Profit Sharing Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Rapid Industries, Inc. 401(k) Profit Sharing Plan is a micro filing (3 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Rapid Industries, Inc. 401(k) Profit Sharing Plan reported net income fell from $611K in the plan year 2022 filing to -$314K in the plan year 2023 filing.
  • Rapid Industries, Inc. 401(k) Profit Sharing Plan end-of-year assets fell from $1M in the plan year 2022 filing to $690K in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 320580219 · Rapid Industries, Inc. PY 2023 · 401(k)

Rapid Industries, Inc. 401(k) Profit Sharing Plan · $690K · 3 · 21st

  • PCT $690K
  • EIN 3
  • RANK 21st
  • PHOTO 401(k)
  • IND near Secondwind Partners, Inc. 401(k) Plan
  • EOY ind #1618

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 New Jersey →

Rapid Industries, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Rapid Industries, Inc. 401(k) Profit Sharing PlanRapid Industries, Inc. 401(k…$690KSecondwind Partners, Inc. 401(k) PlanSecondwind Partners, Inc. 40…$690KBright Star Investments, Inc. 401(k) PlanBright Star Investments, Inc…$690KTosaf Inc 401(k) Profit Sharing Plan & TrustTosaf Inc 401(k) Profit Shar…$691KDanute E. Abriani, Dds, Inc. 401(k) PlanDanute E. Abriani, Dds, Inc.…$691K
End-of-year total assets ($M) among Rapid Industries, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Rapid Industries, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Rapid Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$789K 21.466964672384528% vs 2022
2024 filing year
$0.6M$0.7M$0.8M$0.9M$1M$1.1M 202220232024 $1M $0.79M ▼ -21.0%
Year Plans Participants Total Assets
2022 1 3 $1M
2023 1 3 $690K
2024 1 3 $789K

Rapid Industries, Inc. filing trail (2023)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$690K
Net Income-$314K
Employer EIN320580219
Plan Effective Date2018-10-10
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in New Jersey

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

Rapid Industries, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -1001020304050 Total assets ($B) Participants Rapid Industries, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.000690353 · Participants: 3Rapid Industries, Inc. 401(k) Profit Sharing PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 44.552237022 · Participants: 176610JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 27.825640157 · Participants: 78072Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 22.177853595 · Participants: 41291Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 15.543526764 · Participants: 59346Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 13.424416176 · Participants: 26850Merck US Savings Plan
Rapid Industries, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Rapid Industries, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Rapid Industries, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Secondwind Partners, Inc. 401(k) Plan in NM ($690K); by covered participants it is Cookeville Urology PLC 401(k) Profit Sharing Plan in TN (3 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3 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 Rapid Industries, Inc. 401(k) Profit Sharing Plan assets move in 2023? ▼
Rapid Industries, Inc. 401(k) Profit Sharing Plan contracted severely - down 31.3% during 2023, from $1M to $690K. Reported net income was -$314K.
How have Rapid Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Rapid Industries, Inc.'s sponsor-wide assets declined 21.5%, from $1M to $789K.
Where does Rapid Industries, Inc. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Rapid Industries, Inc. 401(k) Profit Sharing Plan ranks in the 21st 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 Rapid Industries, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Secondwind Partners, Inc. 401(k) Plan in NM ($690K, 6 participants).
Which 401(k) plans cover a similar participant headcount to Rapid Industries, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Cookeville Urology PLC 401(k) Profit Sharing Plan in TN (3 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 320580219.

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.