401(k) · DOL Form 5500 · 2023

Norwood Medical, LLC 401(k) Plan

Data updated 2026-08-11

$64M
Total assets: 1,218
Participants: 88th
Percentile by assets: $52,436
Avg per participant

Official DOL plan name: Norwood Medical Employee Savings Plan and Trust · Sponsored by Norwood Medical, LLC · Ohio · Manufacturing

$64M in assets, 1,218 participants

Norwood Medical, LLC's Norwood Medical Employee Savings Plan and Trust reported $64M in total assets and 1,218 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

88th percentile by assets (of 127,072 plans)
#15,373 in Manufacturing (18,722 peers)

Where Norwood Medical Employee Savings Plan and Trust sits by assets

Norwood Medical Employee Savings Plan and Trust sits in the top quartile of all filed plans by assets, $64M for 1,218 participants (~$52,436/participant), up 17.6% in 2023.

$64M
total plan assets (2023 EOY): 1,218
covered participants: 88th
percentile by assets (of 127,072 plans): $52,436
avg assets per participant

Where Norwood Medical Employee Savings Plan and Trust sits by total assets

Norwood Medical Employee Savings Plan and Trust vs every filed plan by assets

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

$63,867,326 Top 12% higher than 88% 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

Norwood Medical Employee Savings Plan and Trust reported net income rose from -$12M in the plan year 2022 filing to $10M in the plan year 2023 filing.
Norwood Medical Employee Savings Plan and Trust end-of-year assets rose from $54M in the plan year 2022 filing to $64M in the plan year 2023 filing.
Norwood Medical Employee Savings Plan and Trust reported participants rose from 1,156 in the plan year 2022 filing to 1,218 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Ohio

Industry

Manufacturing

Norwood Medical Employee Savings Plan and Trust vs the 2023 asset distribution

By assets, Norwood Medical Employee Savings Plan and Trust outranks 88% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$54M
Net Assets (End of Year)	$64M
Net Income	$10M
Employer EIN	311013821
Plan Effective Date	1990-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Norwood Medical, LLC)

Total plan assets by year, all Norwood Medical, LLC plans on file

Year	Plans	Participants	Total Assets
2022	1	1,156	$54M
2023	1	1,218	$64M
2024	1	1,200	$70M

Nearby 401(k) Plans in Ohio

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

Norwood Medical Employee Savings Plan and Trust vs. nearby 401(k) plans in Ohio, assets vs. participants

GE Retirement Savings Plan $19.5B · 59,766
The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
The Progressive 401(k) Plan $9.2B · 56,176
The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
Nationwide Savings Plan $7.6B · 24,715

Compare Norwood Medical Employee Savings Plan an… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Norwood Medical Employee Savings Plan and Trust by total assets, not by location.

Delta Dental of Wisconsin, Inc. Retirement Plan (WI) $64M · 327
The Tri-M Group, L.L.C. 401(k) Savings & Investment Plan (PA) $64M · 465
Trinity Partners, LLC 401(k) Profit Sharing Plan (MA) $64M · 725
Ryobi Die Casting (USA), Inc. Retirement and Savings Plan (IN) $64M · 810

Frequently Asked Questions

How did Norwood Medical Employee Savings Plan and Trust assets move in 2023? ▼

Norwood Medical Employee Savings Plan and Trust grew sharply - up 17.6% during 2023, from $54M to $64M. Reported net income was $10M.

How have Norwood Medical, LLC plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Norwood Medical, LLC's sponsor-wide assets grew 29.6%, from $54M to $70M.

Where does Norwood Medical Employee Savings Plan and Trust rank by assets among Form 5500 filers? ▼

Norwood Medical Employee Savings Plan and Trust ranks in the 88th 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 Norwood Medical Employee Savings Plan and Trust? ▼

Among 401(k) plans in other states, the closest by assets is Delta Dental of Wisconsin, Inc. Retirement Plan in WI ($64M, 327 participants).

Next read for Norwood Medical Employee Savings Plan an…

Scale reading

Ways to act on Norwood Medical Employee Savings Plan and Trust's numbers.

By total assets, Norwood Medical Employee Savings Plan and Trust ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
Norwood Medical, LLC's sponsor-wide assets have grown 29.6% 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 311013821.