401(k) · DOL Form 5500 · 2023

Patrick Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$127M
Total assets Near avg plan size
9,544
Participants Very large workforce
93rd
Percentile by assets National rank
$13,315
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Patrick Industries, Inc. 401(k) Employee Savings Plan · Sponsored by Patrick Industries, Inc. · Indiana · Manufacturing

$127M in assets, 9,544 participants

Patrick Industries, Inc.'s Patrick Industries, Inc. 401(k) Employee Savings Plan reported $127M in total assets and 9,544 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • #16,630 in Manufacturing (18,722 peers)

Coverage in Indiana

Patrick Industries, Inc. 401(k) Employee Savings Plan covers 9,544 participants in Indiana, 18x the typical Indiana plan (state average ~541 per filing). Assets: $127M.

#16,630
in Manufacturing (18,722 peers)
+45.1%
assets growth YoY
1.3×
vs typical plan assets (national mean)

Patrick Industries, Inc. 401(k) Employee Savings Plan's outsized position by total assets

Patrick Industries, Inc. 401(k) Employee Savings Plan vs every filed plan by assets

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

$127,073,698 Top 7% higher than 93% 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

Patrick Industries, Inc. 401(k) Employee Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Patrick Industries, Inc. 401(k) Employee Savings Plan lands in the large band (9,544 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Patrick Industries, Inc. 401(k) Employee Savings Plan reported net income rose from $318K in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • Patrick Industries, Inc. 401(k) Employee Savings Plan end-of-year assets rose from $88M in the plan year 2022 filing to $127M in the plan year 2023 filing.
  • Patrick Industries, Inc. 401(k) Employee Savings Plan reported participants rose from 8,854 in the plan year 2022 filing to 9,544 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 351057796 · Patrick Industries, Inc. PY 2023 · 401(k)

Patrick Industries, Inc. 401(k) Employee Savings Plan · $127M · 9,544 · 93rd

  • BOOK $127M
  • VS-ST 9,544
  • BOY 93rd
  • SCH 401(k)
  • EBSA near Schenck Process 401(k) Retirement Savings Plan
  • PART ind #16630

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 Indiana →

Patrick Industries, Inc. 401(k) Employee Savings Plan in the asset neighbourhood

Schenck Process 401(k) Retirement Savings PlanSchenck Process 401(k) Retir…$127MLloyds Bank Corporate Markets PLC 401(k) PlanLloyds Bank Corporate Market…$127MPatrick Industries, Inc. 401(k) Employee Savings PlanPatrick Industries, Inc. 401…$127MOkland 401(k) Profit Sharing PlanOkland 401(k) Profit Sharing…$127MForest Lawn 401(k) Plan$127M
End-of-year total assets ($M) among Patrick Industries, Inc. 401(k) Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Indiana filing particulars

Total Assets (Beginning of Year)$88M
Net Assets (End of Year)$127M
Net Income$32M
Employer EIN351057796
Plan Effective Date1987-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Patrick Industries, Inc.)

Sponsor-wide plan assets over time

All Patrick Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$157M 79.28530341682587% vs 2022
2024 filing year
$50M$100M$150M$200M 202220232024 $87.6M $157M ▲ +79.3%
Year Plans Participants Total Assets
2022 1 8,854 $88M
2023 1 9,544 $127M
2024 1 8,541 $157M

Nearby 401(k) Plans in Indiana

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

Patrick Industries, Inc. 401(k) Employee Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 -5051015 Total assets ($B) Participants Patrick Industries, Inc. 401(k) Employee Savings Plan, Total assets ($B): 0.127073698 · Participants: 9544Patrick Industries, Inc. 401(k) Employee Savings PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Patrick Industries, Inc. 401(k) Employee Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Patrick Industries, Inc. 401(k) Employee Savings Plan side-by-side with 3 peers →

Scale composition for Patrick Industries, Inc. 401(k) Employee Savings Plan

Patrick Industries, Inc. 401(k) Employee Savings Plan reports $127M in end-of-year assets across 9,544 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $13,315 per participant (10% of the national average assets-per-participant) . Net income for plan year 2023 was $32M.

This plan identity (EIN 351057796, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $88M to $157M (+79.3%) while covered participants moved from 8,854 to 8,541 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 8,854 $88M Open filing
2023 9,544 $127M This page
2024 · index core 8,541 $157M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Patrick Industries, Inc. 401(k) Employee Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Schenck Process 401(k) Retirement Savings Plan in KS ($127M); by covered participants it is Pg&e Corporation Retirement Savings Plan in CA (9,525 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($127M here).

Similar participant headcount

Nearest other-state filings by covered participants (9,544 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 Patrick Industries, Inc. 401(k) Employee Savings Plan assets move in 2023? ▼
Patrick Industries, Inc. 401(k) Employee Savings Plan surged - up 45.1% during 2023, from $88M to $127M. Reported net income was $32M.
How have Patrick Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Patrick Industries, Inc.'s sponsor-wide assets grew 79.3%, from $88M to $157M.
Where does Patrick Industries, Inc. 401(k) Employee Savings Plan rank by assets among Form 5500 filers? ▼
Patrick Industries, Inc. 401(k) Employee Savings Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Patrick Industries, Inc. 401(k) Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Schenck Process 401(k) Retirement Savings Plan in KS ($127M, 834 participants).
Which 401(k) plans cover a similar participant headcount to Patrick Industries, Inc. 401(k) Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pg&e Corporation Retirement Savings Plan in CA (9,525 participants, $4.3B 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 351057796.

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.