401(k) · DOL Form 5500 · 2023

Scotland Manufacturing, Inc. 401(k) Plan

Data updated 2026-08-25

$1M
Total assets Small plan by assets
45
Participants Small participant base
26th
Percentile by assets National rank
$30,417
Avg per participant Low balance/head
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Official DOL plan name: Scotland Manufacturing 401(k) Trust · Sponsored by Scotland Manufacturing, Inc. · North Carolina · Manufacturing

$1M in assets, 45 participants

Scotland Manufacturing, Inc.'s Scotland Manufacturing 401(k) Trust reported $1M in total assets and 45 participants in its 2023 DOL Form 5500 filing, ranking in the 26th 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.

  • #2,267 in Manufacturing (18,722 peers)

Scotland Manufacturing, Inc. multi-year trail

Scotland Manufacturing, Inc.'s plans moved -23.2% in assets from 2022 to 2023; this filing shows Scotland Manufacturing 401(k) Trust at $1M / 45 participants.

#2,267
in Manufacturing (18,722 peers)
-23.2%
assets change YoY

The plan reported a net loss of $413K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Scotland Manufacturing 401(k) Trust among the smaller filed plans by assets

Scotland Manufacturing 401(k) Trust vs every filed plan by assets

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

$1,368,760 26th percentile higher than 26% 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

Scotland Manufacturing 401(k) Trust among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Scotland Manufacturing 401(k) Trust is a small filing (45 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Scotland Manufacturing 401(k) Trust reported net income fell from $276K in the plan year 2022 filing to -$413K in the plan year 2023 filing.
  • Scotland Manufacturing 401(k) Trust end-of-year assets fell from $2M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Scotland Manufacturing 401(k) Trust reported participants rose from 40 in the plan year 2022 filing to 45 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 863647274 · Scotland Manufacturing, Inc. PY 2023 · 401(k)

Scotland Manufacturing 401(k) Trust · $1M · 45 · 26th

  • EOY $1M
  • EOY 45
  • EOY 26th
  • EOY 401(k)
  • EOY near Maclean Machinery Netowrk LLC 401(k) Plan
  • EOY ind #2267

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 North Carolina →

Scotland Manufacturing 401(k) Trust in the asset neighbourhood

Scotland Manufacturing 401(k) TrustScotland Manufacturing 401(k…$1MMaclean Machinery Netowrk LLC 401(k) PlanMaclean Machinery Netowrk LL…$1MThe Mcdavitt Group Ltd 401(k)$1MGray Wolf Solutions 401(k) Profit Sharing Plan & TrustGray Wolf Solutions 401(k) P…$1MPvh Associates Investment Plan for Residents of the Commonwealth of Puerto RicoPvh Associates Investment Pl…$1M
End-of-year total assets ($M) among Scotland Manufacturing 401(k) Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scotland Manufacturing, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Scotland Manufacturing, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1M 23.194588000543177% vs 2022
2023 filing year
$1.2M$1.4M$1.6M$1.8M$2M 20222023 $1.78M $1.37M ▼ -23.0%
Year Plans Participants Total Assets
2022 1 40 $2M
2023 1 45 $1M

Scotland Manufacturing, Inc. filing trail (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$1M
Net Income-$413K
Employer EIN863647274
Plan Effective Date2021-05-06
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

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

Scotland Manufacturing 401(k) Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Scotland Manufacturing 401(k) Trust, Total assets ($B): 0.00136876 · Participants: 45Scotland Manufacturing 401(k) TrustThe 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
Scotland Manufacturing 401(k) Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Scotland Manufacturing 401(k) Trust side-by-side with 3 peers →

Scotland Manufacturing 401(k) Trust's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Maclean Machinery Netowrk LLC 401(k) Plan in GA ($1M); by covered participants it is First National Financial Services 401(k) Plan in MN (45 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (45 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 Scotland Manufacturing 401(k) Trust assets move in 2023? ▼
Scotland Manufacturing 401(k) Trust declined sharply - down 23.2% during 2023, from $2M to $1M. Reported net income was -$413K.
How have Scotland Manufacturing, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Scotland Manufacturing, Inc.'s sponsor-wide assets declined 23.2%, from $2M to $1M.
Which 401(k) plans are similar in size to Scotland Manufacturing 401(k) Trust? ▼
Among 401(k) plans in other states, the closest by assets is Maclean Machinery Netowrk LLC 401(k) Plan in GA ($1M, 3 participants).
Which 401(k) plans cover a similar participant headcount to Scotland Manufacturing 401(k) Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is First National Financial Services 401(k) Plan in MN (45 participants, $7M 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 863647274.

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.