401(k) · DOL Form 5500 · 2023

Karsten Manufacturing Corporation 401(k) Plan

Data updated 2026-08-11

$264M
Total assets: 969
Participants: 96th
Percentile by assets: $272,348
Avg per participant

Official DOL plan name: Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan · Sponsored by Karsten Manufacturing Corporation · Arizona · Manufacturing

$264M in assets, 969 participants

Karsten Manufacturing Corporation's Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan reported $264M in total assets and 969 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 127,072 plans)
#17,461 in Manufacturing (18,722 peers)

Where Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan sits by assets

Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan sits in the top 5% of all filed plans by assets, $264M for 969 participants (~$272,348/participant), up 17.6% in 2023.

$264M
total plan assets (2023 EOY): 969
covered participants: 96th
percentile by assets (of 127,072 plans): $272,348
avg assets per participant

Where Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan sits by total assets

Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan vs every filed plan by assets

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

$263,905,676 Top 4% higher than 96% 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

Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan reported net income rose from -$42M in the plan year 2022 filing to $39M in the plan year 2023 filing.
Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan end-of-year assets rose from $224M in the plan year 2022 filing to $264M in the plan year 2023 filing.
Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan reported participants rose from 897 in the plan year 2022 filing to 969 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Arizona

Industry

Manufacturing

Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan vs the 2023 asset distribution

By assets, Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$224M
Net Assets (End of Year)	$264M
Net Income	$39M
Employer EIN	860210248
Plan Effective Date	1971-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Karsten Manufacturing Corporation)

Total plan assets by year, all Karsten Manufacturing Corporation plans on file

Year	Plans	Participants	Total Assets
2022	1	897	$224M
2023	1	969	$264M
2024	1	1,072	$292M

Nearby 401(k) Plans in Arizona

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

Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants

Bechtel Trust & Thrift Plan $5.7B · 7,448
Banner Health Employees 401(k) Plan $4.3B · 52,452
Republic Services, Inc. 401(k) Plan $2.4B · 28,131
Freeport-Mcmoran Inc. Employee Capital Accumulation Program $2.3B · 13,105
Stantec 401(k) Plan $2.0B · 10,719

Compare Karsten Manufacturing Corporation and Su… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan by total assets, not by location.

Steel Partners 401(k) Savings Plan (NY) $264M · 2,682
Sappi North America, Inc. Hourly Investment Plan (MA) $264M · 1,251
Curia 401(k) Plan (NY) $264M · 1,944
Gfl Environmental US 401(k) Plan (NC) $264M · 7,345

Frequently Asked Questions

How did Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan assets move in 2023? ▼

Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan grew sharply - up 17.6% during 2023, from $224M to $264M. Reported net income was $39M.

How have Karsten Manufacturing Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Karsten Manufacturing Corporation's sponsor-wide assets grew 29.9%, from $224M to $292M.

Where does Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan rank by assets among Form 5500 filers? ▼

Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Steel Partners 401(k) Savings Plan in NY ($264M, 2,682 participants).

Next read for Karsten Manufacturing Corporation and Su…

Scale reading

Ways to act on Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan's numbers.

By total assets, Karsten Manufacturing Corporation and Subsidiaries 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Arizona. Compare plans
Karsten Manufacturing Corporation's sponsor-wide assets have grown 29.9% since 2022 across 3 plan years on file. More Manufacturing plans

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 860210248.