401(k) · DOL Form 5500 · 2023

Preferred Plastics, Inc. 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
101
Participants Small participant base
58th
Percentile by assets National rank
$97,787
Avg per participant Below avg balance/head
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Official DOL plan name: Preferred Plastics Inc. 401(k) Plan · Sponsored by Preferred Plastics, Inc. · Michigan · Manufacturing

$10M in assets, 101 participants

Preferred Plastics, Inc.'s Preferred Plastics Inc. 401(k) Plan reported $10M in total assets and 101 participants in its 2023 DOL Form 5500 filing, ranking in the 58th 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.

  • #8,329 in Manufacturing (18,722 peers)

Coverage in Michigan

Preferred Plastics Inc. 401(k) Plan covers 101 participants in Michigan, about 16% of the average Michigan filer (state average ~638 per filing). Assets: $10M.

#8,329
in Manufacturing (18,722 peers)
-5.5%
assets change YoY

The plan reported a net loss of $576K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Preferred Plastics Inc. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Preferred Plastics Inc. 401(k) Plan vs every filed plan by assets

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

$9,876,528 Top 42% higher than 58% 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

Preferred Plastics Inc. 401(k) Plan 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. Preferred Plastics Inc. 401(k) Plan sits mid-pack in the medium band (101 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Preferred Plastics Inc. 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to -$576K in the plan year 2023 filing.
  • Preferred Plastics Inc. 401(k) Plan reported participants fell from 135 in the plan year 2022 filing to 101 in the plan year 2023 filing.
  • Preferred Plastics Inc. 401(k) Plan end-of-year assets fell from $10M in the plan year 2022 filing to $10M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 383127377 · Preferred Plastics, Inc. PY 2023 · 401(k)

Preferred Plastics Inc. 401(k) Plan · $10M · 101 · 58th

  • IND $10M
  • EOY 101
  • 5500 58th
  • ASSETS 401(k)
  • PCT near Alpha Grainger Manufacturing, Inc. 401(k) Savings and Profit Sharing Plan
  • EIN ind #8329

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 →

Preferred Plastics Inc. 401(k) Plan in the asset neighbourhood

Preferred Plastics Inc. 401(k) PlanPreferred Plastics Inc. 401(…$10MAlpha Grainger Manufacturing, Inc. 401(k) Savings and Profit Sharing PlanAlpha Grainger Manufacturing…$10MChampion Chevrolet 401(k) Salary Savings PlanChampion Chevrolet 401(k) Sa…$10MMidstates, Inc. 401(k) Retirement Plan and TrustMidstates, Inc. 401(k) Retir…$10MShepard Bros., Inc. 401(k) Profit Sharing PlanShepard Bros., Inc. 401(k) P…$10M
End-of-year total assets ($M) among Preferred Plastics Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$10M
Net Income-$576K
Employer EIN383127377
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Preferred Plastics, Inc.)

Sponsor-wide plan assets over time

All Preferred Plastics, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$10M 5.515066986867621% vs 2022
2023 filing year
$9.8M$10M$10.2M$10.4M$10.6M 20222023 $10.5M $9.88M ▼ -5.5%
Year Plans Participants Total Assets
2022 1 135 $10M
2023 1 101 $10M

Nearby 401(k) Plans in Michigan

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

Preferred Plastics Inc. 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Preferred Plastics Inc. 401(k) Plan, Total assets ($B): 0.009876528 · Participants: 101Preferred Plastics Inc. 401(k) 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
Preferred Plastics Inc. 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Preferred Plastics Inc. 401(k) Plan side-by-side with 3 peers →

Preferred Plastics Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Alpha Grainger Manufacturing, Inc. 401(k) Savings and Profit Sharing Plan in MA ($10M); by covered participants it is Biocept, Inc. 401(k) Plan in NJ (101 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (101 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 Preferred Plastics Inc. 401(k) Plan assets move in 2023? ▼
Preferred Plastics Inc. 401(k) Plan pulled back noticeably - down 5.5% during 2023, from $10M to $10M. Reported net income was -$576K.
How have Preferred Plastics, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Preferred Plastics, Inc.'s sponsor-wide assets declined 5.5%, from $10M to $10M.
Which 401(k) plans are similar in size to Preferred Plastics Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Alpha Grainger Manufacturing, Inc. 401(k) Savings and Profit Sharing Plan in MA ($10M, 144 participants).
Which 401(k) plans cover a similar participant headcount to Preferred Plastics Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Biocept, Inc. 401(k) Plan in NJ (101 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 383127377.

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.