401(k) · DOL Form 5500 · 2023

Westerman, Inc. 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets: 444
Participants Below avg headcount: 74th
Percentile by assets National rank: $49,043
Avg per participant Low balance/head

PlainRetire home → About this data RSS: change history

Official DOL plan name: Westerman, Inc. 401(k) Plan · Sponsored by Westerman, Inc. · Ohio · Manufacturing

$22M in assets, 444 participants

Westerman, Inc.'s Westerman, Inc. 401(k) Plan reported $22M in total assets and 444 participants in its 2023 DOL Form 5500 filing, ranking in the 74th 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.

#12,068 in Manufacturing (18,722 peers)

Westerman, Inc. multi-year trail

Westerman, Inc.'s plans moved +48.2% in assets from 2022 to 2024; this filing shows Westerman, Inc. 401(k) Plan at $22M / 444 participants.

#12,068
in Manufacturing (18,722 peers): +25.5%
assets growth YoY

Westerman, Inc. 401(k) Plan's outsized position by total assets

Westerman, Inc. 401(k) Plan vs every filed plan by assets

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

$21,774,893 Top 26% higher than 74% 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

Westerman, Inc. 401(k) 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. Westerman, Inc. 401(k) Plan sits mid-pack in the medium band (444 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Westerman, Inc. 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
Westerman, Inc. 401(k) Plan reported participants rose from 344 in the plan year 2022 filing to 444 in the plan year 2023 filing.
Westerman, Inc. 401(k) Plan end-of-year assets rose from $17M in the plan year 2022 filing to $22M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 314420618 · Westerman, Inc. PY 2023 · 401(k)

Westerman, Inc. 401(k) Plan · $22M · 444 · 74th

TYPE $22M
NET 444
BOOK 74th
VS-ST 401(k)
BOY near Anderson Automotive Retirement Plan
SCH ind #12068

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 Ohio →

End-of-year total assets ($M) among Westerman, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Westerman, Inc. multi-year asset trail

Latest sponsor-wide plan assets: $26M 48.16292610071033% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	344	$17M
2023	1	444	$22M
2024	1	374	$26M

Westerman, Inc. filing trail (2023)

Total Assets (Beginning of Year)	$17M
Net Assets (End of Year)	$22M
Net Income	$4M
Employer EIN	314420618
Plan Effective Date	2021-04-01
Filing Status	FILING RECEIVED

Nearby 401(k) Plans in Ohio

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

Westerman, Inc. 401(k) Plan 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 Westerman, Inc. 401(k) Plan side-by-side with 3 peers →

Westerman, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Anderson Automotive Retirement Plan in IL ($22M); by covered participants it is Hanna Steel Corporation Profit Sharing Plan in AL (444 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($22M here).

Anderson Automotive Retirement Plan (IL) $22M · 240
Tsl Company Holdings, Ltd. Profit Sharing & Savings Plan (NE) $22M · 533
Oaks 401(k) Plan and Trust (CA) $22M · 213
Global Infotek 401(k) Profit Sharing Plan (VA) $22M · 104

Similar participant headcount

Nearest other-state filings by covered participants (444 participants); asset peers above are excluded.

Hanna Steel Corporation Profit Sharing Plan (AL) 444 · 0 off
Marathon Electrical Contractors, LLC 401(k) Plan (AL) 444 · 0 off
Antea USA, Inc. Profit Sharing 401(k) Thrift Plan (MN) 444 · 0 off
Rycon Construction 401(k) Plan (PA) 444 · 0 off

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 Westerman, Inc. 401(k) Plan assets move in 2023? ▼

Westerman, Inc. 401(k) Plan grew sharply - up 25.5% during 2023, from $17M to $22M. Reported net income was $4M.

How have Westerman, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Westerman, Inc.'s sponsor-wide assets grew 48.2%, from $17M to $26M.

Which 401(k) plans are similar in size to Westerman, Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Anderson Automotive Retirement Plan in IL ($22M, 240 participants).

Which 401(k) plans cover a similar participant headcount to Westerman, Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Hanna Steel Corporation Profit Sharing Plan in AL (444 participants, $37M 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 314420618.