401(k) · DOL Form 5500 · 2023

Asphalt Materials, Inc. 401(k) Plan

Data updated 2026-08-11

$665M
Total assets
3,568
Participants
98th
Percentile by assets
$186,479
Avg per participant
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Official DOL plan name: Heritage Group Retirement Savings Plan · Sponsored by Asphalt Materials, Inc. · Indiana · Manufacturing

$665M in assets, 3,568 participants

Asphalt Materials, Inc.'s Heritage Group Retirement Savings Plan reported $665M in total assets and 3,568 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • 98th percentile by assets (of 127,072 plans)
  • #18,097 in Manufacturing (18,722 peers)

Coverage in Indiana

Heritage Group Retirement Savings Plan covers 3,568 participants in Indiana, 6.6x the typical Indiana plan (state average ~541 per filing). Assets: $665M.

$665M
total plan assets (2023 EOY)
3,568
covered participants
98th
percentile by assets (of 127,072 plans)
$186,479
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Heritage Group Retirement Savings Plan reported net income rose from -$82M in the plan year 2022 filing to $113M in the plan year 2023 filing.
  • Heritage Group Retirement Savings Plan end-of-year assets rose from $552M in the plan year 2022 filing to $665M in the plan year 2023 filing.
  • Heritage Group Retirement Savings Plan reported participants rose from 3,366 in the plan year 2022 filing to 3,568 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Industry

Participants vs Indiana filers

In Indiana, the average filing covers about 541 participants across 2,302 plans. Heritage Group Retirement Savings Plan reports 3,568 participants - 6.6x that state average ($665M EOY assets).

Indiana filing particulars

Total Assets (Beginning of Year)$552M
Net Assets (End of Year)$665M
Net Income$113M
Employer EIN351002095
Plan Effective Date1978-06-26
Filing StatusFILING RECEIVED

Sponsor Plan History (Asphalt Materials, Inc.)

$500M$550M$600M$650M$700M 202220232024 $552M $557M ▲ +0.8%
Total plan assets by year, all Asphalt Materials, Inc. plans on file
Year Plans Participants Total Assets
2022 1 3,366 $552M
2023 1 3,568 $665M
2024 1 3,856 $557M

Nearby 401(k) Plans in Indiana

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

Heritage Group Retirement Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants

Heritage Group Retirement Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 051015 Total assets ($B) Participants Heritage Group Retir…The Lilly Employee 4…Elevance Health 401(…Cummins Retirement a…Iu Health 401(k) Sav…Steel Dynamics, Inc.…
Heritage Group Retirement Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Heritage Group Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Heritage Group Retirement Savings Plan assets move in 2023?
Heritage Group Retirement Savings Plan grew sharply - up 20.4% during 2023, from $552M to $665M. Reported net income was $113M.
How have Asphalt Materials, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Asphalt Materials, Inc.'s sponsor-wide assets grew 0.8%, from $552M to $557M.
Where does Heritage Group Retirement Savings Plan rank by assets among Form 5500 filers?
Heritage Group Retirement Savings Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Heritage Group Retirement Savings Plan?
Among 401(k) plans in other states, the closest by assets is Skanska USA Building Inc. Pension Benefit Plan and Trust in NJ ($666M, 2,296 participants).

Next read for Heritage Group Retirement Savings Plan

Filing takeaways

Ways to act on Heritage Group Retirement Savings Plan's numbers.