401(k) · DOL Form 5500 · 2023

Mechanical Systems & Services 401(k) Plan

Data updated 2026-08-25

$28M
Total assets Below avg plan size
607
Participants Below avg headcount
78th
Percentile by assets National rank
$45,776
Avg per participant Low balance/head
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Official DOL plan name: Mechanical Systems & Services, Inc. Retirement Savings Plan · Sponsored by Mechanical Systems & Services · North Carolina · Construction

$28M in assets, 607 participants

Mechanical Systems & Services's Mechanical Systems & Services, Inc. Retirement Savings Plan reported $28M in total assets and 607 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #6,910 in Construction (9,030 peers)

Where Mechanical Systems & Services, Inc. Retirement Savings Plan sits by assets

Mechanical Systems & Services, Inc. Retirement Savings Plan sits in the top quartile of all filed plans by assets, $28M for 607 participants (~$45,776/participant), up 30.1% in 2023.

#6,910
in Construction (9,030 peers)
+30.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Mechanical Systems & Services, Inc. Retirement Savings Plan's outsized position by total assets

Mechanical Systems & Services, Inc. Retirement Savings Plan vs every filed plan by assets

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

$27,785,949 Top 22% higher than 78% 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

Mechanical Systems & Services, Inc. Retirement Savings 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. Mechanical Systems & Services, Inc. Retirement Savings Plan sits mid-pack in the medium band (607 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mechanical Systems & Services, Inc. Retirement Savings Plan reported net income rose from -$3M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Mechanical Systems & Services, Inc. Retirement Savings Plan end-of-year assets rose from $21M in the plan year 2022 filing to $28M in the plan year 2023 filing.
  • Mechanical Systems & Services, Inc. Retirement Savings Plan reported participants rose from 592 in the plan year 2022 filing to 607 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 561973119 · Mechanical Systems & Services PY 2023 · 401(k)

Mechanical Systems & Services, Inc. Retirement Savings Plan · $28M · 607 · 78th

  • EOY $28M
  • EOY 607
  • EOY 78th
  • EOY 401(k)
  • EOY near Ligand Pharmaceuticals Inc. 401(k) Plan
  • EOY ind #6910

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 Construction retirement plans → · Plans in North Carolina →

Mechanical Systems & Services, Inc. Retirement Savings Plan in the asset neighbourhood

Mechanical Systems & Services, Inc. Retirement Savings PlanMechanical Systems & Service…$28MReenergy Holdings 401(k) Retirement PlanReenergy Holdings 401(k) Ret…$28MLigand Pharmaceuticals Inc. 401(k) PlanLigand Pharmaceuticals Inc. …$28MFreeman Mathis & Gary, LLP Retirement Savings PlanFreeman Mathis & Gary, LLP R…$28MConlon Construction Company 401(k) Profit Sharing PlanConlon Construction Company …$28M
End-of-year total assets ($M) among Mechanical Systems & Services, Inc. Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$28M
Net Income$6M
Employer EIN561973119
Plan Effective Date1997-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mechanical Systems & Services)

Sponsor-wide plan assets over time

All Mechanical Systems & Services plans reported in each filing year

Latest sponsor-wide plan assets
$34M 58.872373345942364% vs 2022
2024 filing year
$20M$25M$30M$35M$40M 202220232024 $21.4M $33.9M ▲ +58.9%
Year Plans Participants Total Assets
2022 1 592 $21M
2023 1 607 $28M
2024 1 670 $34M

Nearby 401(k) Plans in North Carolina

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

Mechanical Systems & Services, Inc. Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Mechanical Systems & Services, Inc. Retirement Savings Plan, Total assets ($B): 0.027785949 · Participants: 607Mechanical Systems & Services, Inc. Retirement Savings PlanThe 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
Mechanical Systems & Services, Inc. Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Mechanical Systems & Services, Inc. Retirement Savings Plan side-by-side with 3 peers →

Mechanical Systems & Services, Inc. Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Ligand Pharmaceuticals Inc. 401(k) Plan in CA ($28M); by covered participants it is Liberty Media 401(k) Savings Plan in CO (607 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (607 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 Mechanical Systems & Services, Inc. Retirement Savings Plan assets move in 2023? ▼
Mechanical Systems & Services, Inc. Retirement Savings Plan surged - up 30.1% during 2023, from $21M to $28M. Reported net income was $6M.
How have Mechanical Systems & Services plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mechanical Systems & Services's sponsor-wide assets grew 58.9%, from $21M to $34M.
Where does Mechanical Systems & Services, Inc. Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Mechanical Systems & Services, Inc. Retirement Savings Plan ranks in the 78th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Mechanical Systems & Services, Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ligand Pharmaceuticals Inc. 401(k) Plan in CA ($28M, 76 participants).
Which 401(k) plans cover a similar participant headcount to Mechanical Systems & Services, Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Liberty Media 401(k) Savings Plan in CO (607 participants, $95M 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 561973119.

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.