401(k) · DOL Form 5500 · 2023

Huffman Welding & Machine, Inc. 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets: 76
Participants Small participant base: 40th
Percentile by assets National rank: $51,285
Avg per participant Low balance/head

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Official DOL plan name: Huffman Welding & Machine, Inc. 401(k) Plan · Sponsored by Huffman Welding & Machine, Inc. · Iowa · Wholesale Trade

$4M in assets, 76 participants

Huffman Welding & Machine, Inc.'s Huffman Welding & Machine, Inc. 401(k) Plan reported $4M in total assets and 76 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.

#1,824 in Wholesale Trade (6,309 peers)

Huffman Welding & Machine, Inc. multi-year trail

Huffman Welding & Machine, Inc.'s plans moved +22.2% in assets from 2022 to 2024; this filing shows Huffman Welding & Machine, Inc. 401(k) Plan at $4M / 76 participants.

#1,824
in Wholesale Trade (6,309 peers): +32.3%
assets growth YoY

Huffman Welding & Machine, Inc. 401(k) Plan's mid-pack asset rank among Wholesale Trade and all filers

Huffman Welding & Machine, Inc. 401(k) Plan vs every filed plan by assets

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

$3,897,682 40th percentile higher than 40% 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

Huffman Welding & Machine, Inc. 401(k) 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. Huffman Welding & Machine, Inc. 401(k) Plan is a small filing (76 participants) on this national headcount ladder.

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%)

Huffman Welding & Machine, Inc. 401(k) Plan reported net income rose from -$419K in the plan year 2022 filing to $952K in the plan year 2023 filing.
Huffman Welding & Machine, Inc. 401(k) Plan end-of-year assets rose from $3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
Huffman Welding & Machine, Inc. 401(k) Plan reported participants rose from 71 in the plan year 2022 filing to 76 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 421108853 · Huffman Welding & Machine, Inc. PY 2023 · 401(k)

Huffman Welding & Machine, Inc. 401(k) Plan · $4M · 76 · 40th

PCT $4M
PCT 76
PCT 40th
PCT 401(k)
PCT near Belmont Engineered Plastics, LLC 401(k) Plan
PCT ind #1824

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 Wholesale Trade retirement plans → · Plans in Iowa →

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

Huffman Welding & Machine, Inc. multi-year asset trail

Latest sponsor-wide plan assets: $4M 22.219260986458174% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	71	$3M
2023	1	76	$4M
2024	1	78	$4M

Huffman Welding & Machine, Inc. filing trail (2023)

Total Assets (Beginning of Year)	$3M
Net Assets (End of Year)	$4M
Net Income	$952K
Employer EIN	421108853
Plan Effective Date	2012-01-01
Filing Status	FILING RECEIVED

Nearby 401(k) Plans in Iowa

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

Huffman Welding & Machine, Inc. 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants

The Principal Select Savings Plan $4.1B · 12,827
Iowa Health System Section 401(k) Retirement Savings Plan $3.0B · 28,959
The Hy-Vee and Affiliates 401(k) Plan $2.9B · 56,181
The Rsm US LLP Retirement Plan $2.9B · 14,720
Transamerica 401(k) Retirement Savings Plan $2.4B · 6,999

Compare Huffman Welding & Machine, Inc. 401(k) Plan side-by-side with 3 peers →

Huffman Welding & Machine, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Belmont Engineered Plastics, LLC 401(k) Plan in MI ($4M); by covered participants it is Ovia Health 401(k) Plan in NC (76 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($4M here).

Belmont Engineered Plastics, LLC 401(k) Plan (MI) $4M · 141
Oxford Funds LLC 401(k) Profit Sharing Plan & Trust (CT) $4M · 21
Unitek College Utah, LLC 401(k) Plan (CA) $4M · 211
Powerhouse Animation 401(k) Plan (TX) $4M · 157

Similar participant headcount

Nearest other-state filings by covered participants (76 participants); asset peers above are excluded.

Ovia Health 401(k) Plan (NC) 76 · 0 off
Jack Williams Tire Company Inc 401(k) Ps Plan & Trust (PA) 76 · 0 off
Flexitank Retirement Plan (PR) 76 · 0 off
Peay's Electric II, Inc. 401(k) Plan (FL) 76 · 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 Huffman Welding & Machine, Inc. 401(k) Plan assets move in 2023? ▼

Huffman Welding & Machine, Inc. 401(k) Plan surged - up 32.3% during 2023, from $3M to $4M. Reported net income was $952K.

How have Huffman Welding & Machine, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Huffman Welding & Machine, Inc.'s sponsor-wide assets grew 22.2%, from $3M to $4M.

Which 401(k) plans are similar in size to Huffman Welding & Machine, Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Belmont Engineered Plastics, LLC 401(k) Plan in MI ($4M, 141 participants).

Which 401(k) plans cover a similar participant headcount to Huffman Welding & Machine, Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Ovia Health 401(k) Plan in NC (76 participants, $4M 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 421108853.