401(k) · DOL Form 5500 · 2023

Nor-Am, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets: 518
Participants Below avg headcount: 61st
Percentile by assets National rank: $21,675
Avg per participant Low balance/head

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Official DOL plan name: Nor-Am 401(k) Plan and Trust · Sponsored by Nor-Am, Inc. · Iowa · Transportation & Warehousing

$11M in assets, 518 participants

Nor-Am, Inc.'s Nor-Am 401(k) Plan and Trust reported $11M in total assets and 518 participants in its 2023 DOL Form 5500 filing, ranking in the 61st 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.

#2,085 in Transportation & Warehousing (3,362 peers)

Nor-Am, Inc. multi-year trail

Nor-Am, Inc.'s plans moved +67.0% in assets from 2022 to 2024; this filing shows Nor-Am 401(k) Plan and Trust at $11M / 518 participants.

#2,085
in Transportation & Warehousing (3,362 peers): +34.7%
assets growth YoY

Nor-Am 401(k) Plan and Trust's mid-pack asset rank among Transportation & Warehousing and all filers

Nor-Am 401(k) Plan and Trust vs every filed plan by assets

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

$11,227,615 Top 39% higher than 61% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Nor-Am 401(k) Plan and Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Nor-Am 401(k) Plan and Trust sits mid-pack in the medium band (518 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Nor-Am 401(k) Plan and Trust reported net income rose from -$1M in the plan year 2022 filing to $3M in the plan year 2023 filing.
Nor-Am 401(k) Plan and Trust end-of-year assets rose from $8M in the plan year 2022 filing to $11M in the plan year 2023 filing.
Nor-Am 401(k) Plan and Trust reported participants rose from 470 in the plan year 2022 filing to 518 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 421472573 · Nor-Am, Inc. PY 2023 · 401(k)

Nor-Am 401(k) Plan and Trust · $11M · 518 · 61st

NET $11M
BOOK 518
VS-ST 61st
BOY 401(k)
SCH near Minmor Industries, LLC 401(k) Plan
EBSA ind #2085

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 Transportation & Warehousing retirement plans → · Plans in Iowa →

End-of-year total assets ($M) among Nor-Am 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Nor-Am, Inc. multi-year asset trail

Latest sponsor-wide plan assets: $14M 66.95695369918633% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	470	$8M
2023	1	518	$11M
2024	1	517	$14M

Nor-Am, Inc. filing trail (2023)

Total Assets (Beginning of Year)	$8M
Net Assets (End of Year)	$11M
Net Income	$3M
Employer EIN	421472573
Plan Effective Date	2010-01-01
Filing Status	FILING RECEIVED

Nearby 401(k) Plans in Iowa

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

Nor-Am 401(k) Plan and Trust vs. nearby 401(k) plans in Iowa, assets vs. participants

The Principal Select Savings Plan $4.1B · 12,827
Iowa Health System Section 401(k) Retirement Savings Plan $3.0B · 28,959
The Hy-Vee and Affiliates 401(k) Plan $2.9B · 56,181
The Rsm US LLP Retirement Plan $2.9B · 14,720
Transamerica 401(k) Retirement Savings Plan $2.4B · 6,999

Compare Nor-Am 401(k) Plan and Trust side-by-side with 3 peers →

Nor-Am 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Minmor Industries, LLC 401(k) Plan in MN ($11M); by covered participants it is Capitol Business Equipment,Inc 401(k)Plan in AL (518 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($11M here).

Minmor Industries, LLC 401(k) Plan (MN) $11M · 104
Woodcraft 401(k) Plan (WV) $11M · 267
Smith Mazure, P.C. 401(k) Savings Plan (NY) $11M · 56
The Retirement Plan for Employees of Florida Cardiology, P.a. (FL) $11M · 232

Similar participant headcount

Nearest other-state filings by covered participants (518 participants); asset peers above are excluded.

Capitol Business Equipment,Inc 401(k)Plan (AL) 518 · 0 off
Manchester Tank & Equipment Co. 401(k) Plan (AL) 518 · 0 off
Style Crest Enterprises, Inc. 401(k) Profit Sharing Plan (OH) 518 · 0 off
Theragenics Corporation Employee Savings Plan (GA) 518 · 0 off

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 Nor-Am 401(k) Plan and Trust assets move in 2023? ▼

Nor-Am 401(k) Plan and Trust surged - up 34.7% during 2023, from $8M to $11M. Reported net income was $3M.

How have Nor-Am, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Nor-Am, Inc.'s sponsor-wide assets grew 67.0%, from $8M to $14M.

Which 401(k) plans are similar in size to Nor-Am 401(k) Plan and Trust? ▼

Among 401(k) plans in other states, the closest by assets is Minmor Industries, LLC 401(k) Plan in MN ($11M, 104 participants).

Which 401(k) plans cover a similar participant headcount to Nor-Am 401(k) Plan and Trust? ▼

Among 401(k) plans in other states, the closest by covered participants is Capitol Business Equipment,Inc 401(k)Plan in AL (518 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 421472573.