401(k) · DOL Form 5500 · 2023

Simpson Electric Company 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
96
Participants Small participant base
40th
Percentile by assets National rank
$41,209
Avg per participant Low balance/head
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Official DOL plan name: Simpson Electric Company Profit Sharing Plan · Sponsored by Simpson Electric Company · South Carolina · Construction

$4M in assets, 96 participants

Simpson Electric Company's Simpson Electric Company Profit Sharing Plan reported $4M in total assets and 96 participants in its 2023 DOL Form 5500 filing, ranking in the 40th 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.

  • #3,434 in Construction (9,030 peers)

Simpson Electric Company multi-year trail

Simpson Electric Company's plans moved +47.5% in assets from 2022 to 2024; this filing shows Simpson Electric Company Profit Sharing Plan at $4M / 96 participants.

#3,434
in Construction (9,030 peers)
+25.6%
assets growth YoY

Simpson Electric Company Profit Sharing Plan's mid-pack asset rank among Construction and all filers

Simpson Electric Company Profit Sharing Plan vs every filed plan by assets

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

$3,956,075 40th percentile higher than 40% 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

Simpson Electric Company Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Simpson Electric Company Profit Sharing Plan is a small filing (96 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Simpson Electric Company Profit Sharing Plan reported net income rose from -$1M in the plan year 2022 filing to $807K in the plan year 2023 filing.
  • Simpson Electric Company Profit Sharing Plan end-of-year assets rose from $3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Simpson Electric Company Profit Sharing Plan reported participants fell from 111 in the plan year 2022 filing to 96 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 560787504 · Simpson Electric Company PY 2023 · 401(k)

Simpson Electric Company Profit Sharing Plan · $4M · 96 · 40th

  • SCH $4M
  • SCH 96
  • SCH 40th
  • SCH 401(k)
  • SCH near Fields Electrical Sales, Inc. 401(k) Plan
  • SCH ind #3434

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 South Carolina →

Simpson Electric Company Profit Sharing Plan in the asset neighbourhood

Simpson Electric Company Profit Sharing PlanSimpson Electric Company Pro…$4MFields Electrical Sales, Inc. 401(k) PlanFields Electrical Sales, Inc…$4MThe Kalama Beach Employees Profit Sharing Investment PlanThe Kalama Beach Employees P…$4MRetirement Investment Fund Plan/Jacksonville Union EmployeesRetirement Investment Fund P…$4MSpecialty Machines, Inc. and Specialty Manufacturing Solutions, Inc. 401(k) Profit Sharing PlanSpecialty Machines, Inc. and…$4M
End-of-year total assets ($M) among Simpson Electric Company Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Simpson Electric Company multi-year asset trail

Sponsor-wide plan assets over time

All Simpson Electric Company plans reported in each filing year

Latest sponsor-wide plan assets
$5M 47.516812578371116% vs 2022
2024 filing year
$3M$3.5M$4M$4.5M$5M 202220232024 $3.15M $4.65M ▲ +47.6%
Year Plans Participants Total Assets
2022 1 111 $3M
2023 1 96 $4M
2024 1 103 $5M

Simpson Electric Company filing trail (2023)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$4M
Net Income$807K
Employer EIN560787504
Plan Effective Date1967-05-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in South Carolina

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

Simpson Electric Company Profit Sharing Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -1012345 Total assets ($B) Participants Simpson Electric Company Profit Sharing Plan, Total assets ($B): 0.003956075 · Participants: 96Simpson Electric Company Profit Sharing PlanMichelin 401(k) Savings Plan, Total assets ($B): 4.081217676 · Participants: 14439Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.54970984 · Participants: 8661The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.560739492 · Participants: 11311Sonoco Retirement & Savings PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.313010355 · Participants: 10614Sonoco Retirement & Savings PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.296149408 · Participants: 11348Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan
Simpson Electric Company Profit Sharing Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Simpson Electric Company Profit Sharing Plan side-by-side with 3 peers →

Simpson Electric Company Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is Fields Electrical Sales, Inc. 401(k) Plan in OH ($4M); by covered participants it is Knowledge Link Inc. 401(k) Plan in VA (96 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (96 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 Simpson Electric Company Profit Sharing Plan assets move in 2023? ▼
Simpson Electric Company Profit Sharing Plan grew sharply - up 25.6% during 2023, from $3M to $4M. Reported net income was $807K.
How have Simpson Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Simpson Electric Company's sponsor-wide assets grew 47.5%, from $3M to $5M.
Which 401(k) plans are similar in size to Simpson Electric Company Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Fields Electrical Sales, Inc. 401(k) Plan in OH ($4M, 35 participants).
Which 401(k) plans cover a similar participant headcount to Simpson Electric Company Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Knowledge Link Inc. 401(k) Plan in VA (96 participants, $11M 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 560787504.

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.