401(k) · DOL Form 5500 · 2023
Salem One, Inc. 401(k) Plan
Data updated 2026-08-25
- $8M
- Total assets Small plan by assets
- 117
- Participants Small participant base
- 53rd
- Percentile by assets National rank
- $65,205
- Avg per participant Low balance/head
Official DOL plan name: Salem One, Inc. Employees Savings Trust · Sponsored by Salem One, Inc. · North Carolina · Manufacturing
$8M in assets, 117 participants
Salem One, Inc.'s Salem One, Inc. Employees Savings Trust reported $8M in total assets and 117 participants in its 2023 DOL Form 5500 filing, ranking in the 53rd 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.
- #7,030 in Manufacturing (18,722 peers)
Coverage in North Carolina
Salem One, Inc. Employees Savings Trust covers 117 participants in North Carolina, about 14% of the average North Carolina filer (state average ~819 per filing). Assets: $8M.
- #7,030
- in Manufacturing (18,722 peers)
- +21.3%
- assets growth YoY
Salem One, Inc. Employees Savings Trust's mid-pack asset rank among Manufacturing and all filers
Salem One, Inc. Employees Savings Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$7,629,019 Top 47% higher than 53% 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
Salem One, Inc. Employees Savings Trust 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. Salem One, Inc. Employees Savings Trust sits mid-pack in the medium band (117 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Salem One, Inc. Employees Savings Trust reported net income rose from -$902K in the plan year 2022 filing to $1M in the plan year 2023 filing.
- Salem One, Inc. Employees Savings Trust end-of-year assets rose from $6M in the plan year 2022 filing to $8M in the plan year 2023 filing.
- Salem One, Inc. Employees Savings Trust reported participants fell from 127 in the plan year 2022 filing to 117 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 561550868 · Salem One, Inc. PY 2023 · 401(k)
Salem One, Inc. Employees Savings Trust · $8M · 117 · 53rd
- EBSA $8M
- EBSA 117
- EBSA 53rd
- EBSA 401(k)
- EBSA near Omt-Veyhl 401(k) Plan
- EBSA ind #7030
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 North Carolina →
Salem One, Inc. Employees Savings Trust in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $6M |
|---|---|
| Net Assets (End of Year) | $8M |
| Net Income | $1M |
| Employer EIN | 561550868 |
| Plan Effective Date | 2009-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Salem One, Inc.)
Sponsor-wide plan assets over time
All Salem One, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $11M 73.31773460564861% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 127 | $6M |
| 2023 | 1 | 117 | $8M |
| 2024 | 1 | 111 | $11M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $54.8B · 173,899
- Honeywell 401(k) Plan $15.4B · 40,004
- Duke Energy Retirement Savings Plan $10.4B · 28,121
- Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
- Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174
Salem One, Inc. Employees Savings Trust's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Omt-Veyhl 401(k) Plan in MI ($8M); by covered participants it is Carteret Management Corporation 401(k) Plan in FL (117 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($8M here).
- Omt-Veyhl 401(k) Plan (MI) $8M · 284
- Red Gate Group 401(k) Profit Sharing Plan (VA) $8M · 88
- Chatmeter, Inc. 401(k) Profit Sharing Plan (CA) $8M · 133
- Anchor-Harvey Components, LLC Thrift Plan (IL) $8M · 152
Similar participant headcount
Nearest other-state filings by covered participants (117 participants); asset peers above are excluded.
- Carteret Management Corporation 401(k) Plan (FL) 117 · 0 off
- Mid America Pipe 401(k) Plan (KS) 117 · 0 off
- Cronin Auto, Inc. 401(k) Plan (OH) 117 · 0 off
- The Chilcote Company 401(k) Profit Sharing Plan (OH) 117 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.