401(k) · DOL Form 5500 · 2023

Elevate Textiles, Inc. 401(k) Plan

Data updated 2026-08-25

$219M
Total assets Near avg plan size
2,560
Participants Above avg headcount
95th
Percentile by assets National rank
$85,700
Avg per participant Below avg balance/head
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Official DOL plan name: Elevate Textiles 401(k) Retirement Plan · Sponsored by Elevate Textiles, Inc. · North Carolina · Manufacturing

$219M in assets, 2,560 participants

Elevate Textiles, Inc.'s Elevate Textiles 401(k) Retirement Plan reported $219M in total assets and 2,560 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #17,277 in Manufacturing (18,722 peers)

Coverage in North Carolina

Elevate Textiles 401(k) Retirement Plan covers 2,560 participants in North Carolina, 3.1x the typical North Carolina plan (state average ~819 per filing). Assets: $219M.

#17,277
in Manufacturing (18,722 peers)
+8.8%
assets growth YoY
2.2×
vs typical plan assets (national mean)

Elevate Textiles 401(k) Retirement Plan's outsized position by total assets

Elevate Textiles 401(k) Retirement Plan vs every filed plan by assets

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

$219,392,597 Top 5% higher than 95% 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

Elevate Textiles 401(k) Retirement Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Elevate Textiles 401(k) Retirement Plan lands in the large band (2,560 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Elevate Textiles 401(k) Retirement Plan reported net income rose from -$42M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Elevate Textiles 401(k) Retirement Plan end-of-year assets rose from $202M in the plan year 2022 filing to $219M in the plan year 2023 filing.
  • Elevate Textiles 401(k) Retirement Plan reported participants rose from 2,490 in the plan year 2022 filing to 2,560 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 330596831 · Elevate Textiles, Inc. PY 2023 · 401(k)

Elevate Textiles 401(k) Retirement Plan · $219M · 2,560 · 95th

  • 5500 $219M
  • ASSETS 2,560
  • PCT 95th
  • EIN 401(k)
  • RANK near South Jersey Industries, Inc. 401(k) Plan
  • PHOTO ind #17277

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 →

Elevate Textiles 401(k) Retirement Plan in the asset neighbourhood

Elevate Textiles 401(k) Retirement PlanElevate Textiles 401(k) Reti…$219MSouth Jersey Industries, Inc. 401(k) PlanSouth Jersey Industries, Inc…$219MThe Ethan Allen Retirement Savings PlanThe Ethan Allen Retirement S…$219MZbi Multiple Employer 401(k) Retirement PlanZbi Multiple Employer 401(k)…$219MMto 401(k) Profit Sharing PlanMto 401(k) Profit Sharing Pl…$219M
End-of-year total assets ($M) among Elevate Textiles 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$202M
Net Assets (End of Year)$219M
Net Income$18M
Employer EIN330596831
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Elevate Textiles, Inc.)

Sponsor-wide plan assets over time

All Elevate Textiles, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$235M 14.26546168504094% vs 2022
2024 filing year
$200M$210M$220M$230M$240M 202220232024 $205M $235M ▲ +14.3%
Year Plans Participants Total Assets
2022 2 2,636 $205M
2023 2 2,688 $223M
2024 2 2,423 $235M

Nearby 401(k) Plans in North Carolina

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

Elevate Textiles 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Elevate Textiles 401(k) Retirement Plan, Total assets ($B): 0.219392597 · Participants: 2560Elevate Textiles 401(k) Retirement 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
Elevate Textiles 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Elevate Textiles 401(k) Retirement Plan side-by-side with 3 peers →

Elevate Textiles 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is South Jersey Industries, Inc. 401(k) Plan in NJ ($219M); by covered participants it is Herschend Family Entertainment Profit Sharing & 401(k) Plan in MO (2,560 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($219M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,560 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 Elevate Textiles 401(k) Retirement Plan assets move in 2023? ▼
Elevate Textiles 401(k) Retirement Plan grew at a solid clip - up 8.8% during 2023, from $202M to $219M. Reported net income was $18M.
How have Elevate Textiles, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Elevate Textiles, Inc.'s sponsor-wide assets grew 14.3%, from $205M to $235M.
Where does Elevate Textiles 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Elevate Textiles 401(k) Retirement Plan ranks in the 95th 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 Elevate Textiles 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is South Jersey Industries, Inc. 401(k) Plan in NJ ($219M, 1,236 participants).
Which 401(k) plans cover a similar participant headcount to Elevate Textiles 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Herschend Family Entertainment Profit Sharing & 401(k) Plan in MO (2,560 participants, $136M 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 330596831.

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.