401(k) · DOL Form 5500 · 2023

Challenge Tool & Manufacturing, Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
107
Participants Small participant base
54th
Percentile by assets National rank
$76,370
Avg per participant Below avg balance/head
PlainRetire home → About this data

Official DOL plan name: Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan · Sponsored by Challenge Tool & Manufacturing, Inc. · Indiana · Manufacturing

$8M in assets, 107 participants

Challenge Tool & Manufacturing, Inc.'s Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan reported $8M in total assets and 107 participants in its 2023 DOL Form 5500 filing, ranking in the 54th 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.

  • #7,386 in Manufacturing (18,722 peers)

Coverage in Indiana

Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan covers 107 participants in Indiana, about 20% of the average Indiana filer (state average ~541 per filing). Assets: $8M.

#7,386
in Manufacturing (18,722 peers)
+33.0%
assets growth YoY

Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan's mid-pack asset rank among Manufacturing and all filers

Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan vs every filed plan by assets

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

$8,171,639 Top 46% higher than 54% 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

Challenge Tool & Manufacturing, Inc. 401(k) Retirement 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. Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (107 participants).

EBSA filing schedule strip

Filing strip 351310627 · Challenge Tool & Manufacturing, Inc. PY 2023 · 401(k)

Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan · $8M · 107 · 54th

  • NET $8M
  • BOOK 107
  • VS-ST 54th
  • BOY 401(k)
  • SCH near Wfp US LLC 401(k) Plan
  • EBSA ind #7386

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 Indiana →

Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan in the asset neighbourhood

Challenge Tool & Manufacturing, Inc. 401(k) Retirement PlanChallenge Tool & Manufacturi…$8MWfp US LLC 401(k) Plan$8MManor Park, Inc. 401(k) Profit Sharing PlanManor Park, Inc. 401(k) Prof…$8MIps Bargaining 401(k) Plan$8MMy Automotive 401(k) Plan & TrustMy Automotive 401(k) Plan & …$8M
End-of-year total assets ($M) among Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Indiana filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$8M
Net Income$2M
Employer EIN351310627
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Indiana

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

Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan, Total assets ($B): 0.008171639 · Participants: 107Challenge Tool & Manufacturing, Inc. 401(k) Retirement PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Wfp US LLC 401(k) Plan in WA ($8M); by covered participants it is Northern Architectural Systems, Inc. 401(k) Plan in NJ (107 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8M here).

Similar participant headcount

Nearest other-state filings by covered participants (107 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 Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan assets move in 2023? ▼
Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan surged - up 33.0% during 2023, from $6M to $8M. Reported net income was $2M.
Which 401(k) plans are similar in size to Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wfp US LLC 401(k) Plan in WA ($8M, 208 participants).
Which 401(k) plans cover a similar participant headcount to Challenge Tool & Manufacturing, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Northern Architectural Systems, Inc. 401(k) Plan in NJ (107 participants, N/A 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 351310627.

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.