401(k) · DOL Form 5500 · 2023

Hoover & Strong, Inc. 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
90
Participants Small participant base
43rd
Percentile by assets National rank
$52,696
Avg per participant Low balance/head
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Official DOL plan name: Hoover & Strong, Inc. Profit Sharing Plan · Sponsored by Hoover & Strong, Inc. · Virginia · Manufacturing

$5M in assets, 90 participants

Hoover & Strong, Inc.'s Hoover & Strong, Inc. Profit Sharing Plan reported $5M in total assets and 90 participants in its 2023 DOL Form 5500 filing, ranking in the 43rd 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.

  • #4,976 in Manufacturing (18,722 peers)

Hoover & Strong, Inc. multi-year trail

Hoover & Strong, Inc.'s plans moved +30.2% in assets from 2022 to 2024; this filing shows Hoover & Strong, Inc. Profit Sharing Plan at $5M / 90 participants.

#4,976
in Manufacturing (18,722 peers)
+15.4%
assets growth YoY

Hoover & Strong, Inc. Profit Sharing Plan's mid-pack asset rank among Manufacturing and all filers

Hoover & Strong, Inc. Profit Sharing Plan vs every filed plan by assets

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

$4,742,675 43rd percentile higher than 43% 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

Hoover & Strong, Inc. 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. Hoover & Strong, Inc. Profit Sharing Plan is a small filing (90 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Hoover & Strong, Inc. Profit Sharing Plan reported net income rose from -$1M in the plan year 2022 filing to $632K in the plan year 2023 filing.
  • Hoover & Strong, Inc. Profit Sharing Plan reported participants fell from 119 in the plan year 2022 filing to 90 in the plan year 2023 filing.
  • Hoover & Strong, Inc. Profit Sharing Plan end-of-year assets rose from $4M in the plan year 2022 filing to $5M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 160484880 · Hoover & Strong, Inc. PY 2023 · 401(k)

Hoover & Strong, Inc. Profit Sharing Plan · $5M · 90 · 43rd

  • RANK $5M
  • RANK 90
  • RANK 43rd
  • RANK 401(k)
  • RANK near Nep Electronics, Inc. 401(k) Profit Sharing Plan
  • RANK ind #4976

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 Virginia →

Hoover & Strong, Inc. Profit Sharing Plan in the asset neighbourhood

Hoover & Strong, Inc. Profit Sharing PlanHoover & Strong, Inc. Profit…$5MNep Electronics, Inc. 401(k) Profit Sharing PlanNep Electronics, Inc. 401(k)…$5MCompania Cervecera De P. R. Retirement Plan-UnionCompania Cervecera De P. R. …$5MColumbia Cedar, Inc. 401(k) PlanColumbia Cedar, Inc. 401(k) …$5MGta Containers, Inc. 401(k) Plan for Non-Union EmployeesGta Containers, Inc. 401(k) …$5M
End-of-year total assets ($M) among Hoover & Strong, Inc. Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Hoover & Strong, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Hoover & Strong, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 30.204437793028355% vs 2022
2024 filing year
$3.5M$4M$4.5M$5M$5.5M 202220232024 $4.11M $5.35M ▲ +30.2%
Year Plans Participants Total Assets
2022 1 119 $4M
2023 1 90 $5M
2024 1 88 $5M

Hoover & Strong, Inc. filing trail (2023)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$5M
Net Income$632K
Employer EIN160484880
Plan Effective Date1980-10-15
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Virginia

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

Hoover & Strong, Inc. Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Hoover & Strong, Inc. Profit Sharing Plan, Total assets ($B): 0.004742675 · Participants: 90Hoover & Strong, Inc. Profit Sharing PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Hoover & Strong, Inc. Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Hoover & Strong, Inc. Profit Sharing Plan side-by-side with 3 peers →

Hoover & Strong, Inc. Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Nep Electronics, Inc. 401(k) Profit Sharing Plan in IL ($5M); by covered participants it is International Marine Products Retirement Plan in CA (90 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (90 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 Hoover & Strong, Inc. Profit Sharing Plan assets move in 2023? ▼
Hoover & Strong, Inc. Profit Sharing Plan grew sharply - up 15.4% during 2023, from $4M to $5M. Reported net income was $632K.
How have Hoover & Strong, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hoover & Strong, Inc.'s sponsor-wide assets grew 30.2%, from $4M to $5M.
Which 401(k) plans are similar in size to Hoover & Strong, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nep Electronics, Inc. 401(k) Profit Sharing Plan in IL ($5M, 125 participants).
Which 401(k) plans cover a similar participant headcount to Hoover & Strong, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is International Marine Products Retirement Plan in CA (90 participants, $3M 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 160484880.

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.