401(k) · DOL Form 5500 · 2023

Meyer Tool, Inc. 401(k) Plan

Data updated 2026-08-11

$73M
Total assets: 1,113
Participants: 89th
Percentile by assets: $65,945
Avg per participant

Official DOL plan name: Meyer Tool 401(k) and Profit Sharing Plan · Sponsored by Meyer Tool, Inc. · Ohio · Manufacturing

$73M in assets, 1,113 participants

Meyer Tool, Inc.'s Meyer Tool 401(k) and Profit Sharing Plan reported $73M in total assets and 1,113 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

89th percentile by assets (of 127,072 plans)
#15,668 in Manufacturing (18,722 peers)

Where Meyer Tool 401(k) and Profit Sharing Plan sits by assets

Meyer Tool 401(k) and Profit Sharing Plan sits in the top quartile of all filed plans by assets, $73M for 1,113 participants (~$65,945/participant), up 18.8% in 2023.

$73M
total plan assets (2023 EOY): 1,113
covered participants: 89th
percentile by assets (of 127,072 plans): $65,945
avg assets per participant

Where Meyer Tool 401(k) and Profit Sharing Plan sits by total assets

Meyer Tool 401(k) and Profit Sharing Plan vs every filed plan by assets

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

$73,397,180 Top 11% higher than 89% 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

Meyer Tool 401(k) and Profit Sharing Plan reported net income rose from -$16M in the plan year 2022 filing to $12M in the plan year 2023 filing.
Meyer Tool 401(k) and Profit Sharing Plan end-of-year assets rose from $62M in the plan year 2022 filing to $73M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Ohio

Industry

Manufacturing

Meyer Tool 401(k) and Profit Sharing Plan vs the 2023 asset distribution

By assets, Meyer Tool 401(k) and Profit Sharing Plan outranks 89% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$62M
Net Assets (End of Year)	$73M
Net Income	$12M
Employer EIN	310874289
Plan Effective Date	1984-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Meyer Tool, Inc.)

Total plan assets by year, all Meyer Tool, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	1,111	$62M
2023	1	1,113	$73M
2024	1	1,239	$83M

Nearby 401(k) Plans in Ohio

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

Meyer Tool 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants

GE Retirement Savings Plan $19.5B · 59,766
The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
The Progressive 401(k) Plan $9.2B · 56,176
The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
Nationwide Savings Plan $7.6B · 24,715

Compare Meyer Tool 401(k) and Profit Sharing Pla… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Meyer Tool 401(k) and Profit Sharing Plan by total assets, not by location.

Penn Color, Inc. Incentive Savings Plan (PA) $73M · 585
Lifelong Learner Holdings 401(k) Plan (CA) $73M · 1,089
Imt Insurance Company Retirement Savings Plan (IA) $73M · 377
The Deichmann U.S. Retirement Benefit Program (NC) $73M · 2,838

Frequently Asked Questions

How did Meyer Tool 401(k) and Profit Sharing Plan assets move in 2023? ▼

Meyer Tool 401(k) and Profit Sharing Plan grew sharply - up 18.8% during 2023, from $62M to $73M. Reported net income was $12M.

How have Meyer Tool, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Meyer Tool, Inc.'s sponsor-wide assets grew 33.5%, from $62M to $83M.

Where does Meyer Tool 401(k) and Profit Sharing Plan rank by assets among Form 5500 filers? ▼

Meyer Tool 401(k) and Profit Sharing Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).

Which 401(k) plans are similar in size to Meyer Tool 401(k) and Profit Sharing Plan? ▼

Among 401(k) plans in other states, the closest by assets is Penn Color, Inc. Incentive Savings Plan in PA ($73M, 585 participants).

Next read for Meyer Tool 401(k) and Profit Sharing Pla…

Scale reading

Ways to act on Meyer Tool 401(k) and Profit Sharing Plan's numbers.

By total assets, Meyer Tool 401(k) and Profit Sharing Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
Meyer Tool, Inc.'s sponsor-wide assets have grown 33.5% since 2022 across 3 plan years on file. More Manufacturing plans

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 310874289.