401(k) · DOL Form 5500 · 2023

Wallace Hardware Company, Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
164
Participants Small participant base
55th
Percentile by assets National rank
$51,534
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Wallace Distribution Company Profit Sharing Plan · Sponsored by Wallace Hardware Company, Inc. · Tennessee · Wholesale Trade

$8M in assets, 164 participants

Wallace Hardware Company, Inc.'s Wallace Distribution Company Profit Sharing Plan reported $8M in total assets and 164 participants in its 2023 DOL Form 5500 filing, ranking in the 55th 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.

  • #2,879 in Wholesale Trade (6,309 peers)

Coverage in Tennessee

Wallace Distribution Company Profit Sharing Plan covers 164 participants in Tennessee, about 15% of the average Tennessee filer (state average ~1,126 per filing). Assets: $8M.

#2,879
in Wholesale Trade (6,309 peers)
+8.2%
assets growth YoY

Wallace Distribution Company Profit Sharing Plan's mid-pack asset rank among Wholesale Trade and all filers

Wallace Distribution Company Profit Sharing Plan vs every filed plan by assets

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

$8,451,569 Top 45% higher than 55% 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

Wallace Distribution Company Profit Sharing Plan 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. Wallace Distribution Company Profit Sharing Plan sits mid-pack in the medium band (164 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wallace Distribution Company Profit Sharing Plan reported net income rose from -$1M in the plan year 2022 filing to $644K in the plan year 2023 filing.
  • Wallace Distribution Company Profit Sharing Plan end-of-year assets rose from $8M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Wallace Distribution Company Profit Sharing Plan reported participants rose from 160 in the plan year 2022 filing to 164 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 620408190 · Wallace Hardware Company, Inc. PY 2023 · 401(k)

Wallace Distribution Company Profit Sharing Plan · $8M · 164 · 55th

  • VS-ST $8M
  • VS-ST 164
  • VS-ST 55th
  • VS-ST 401(k)
  • VS-ST near Abstrakt Marketing Group LLC 401(k) Profit Sharing Plan and Trust
  • VS-ST ind #2879

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 Tennessee →

Wallace Distribution Company Profit Sharing Plan in the asset neighbourhood

Wallace Distribution Company Profit Sharing PlanWallace Distribution Company…$8MAbstrakt Marketing Group LLC 401(k) Profit Sharing Plan and TrustAbstrakt Marketing Group LLC…$8MFarmer's Fridge 401(k) Plan$8MWestern States Ironworkers Shopmen's 401(k) PlanWestern States Ironworkers S…$8MEastman Strings Inc 401(k) Profit Sharing Plan & TrustEastman Strings Inc 401(k) P…$8M
End-of-year total assets ($M) among Wallace Distribution Company Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income$644K
Employer EIN620408190
Plan Effective Date1973-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Wallace Hardware Company, Inc.)

Sponsor-wide plan assets over time

All Wallace Hardware Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 21.246996654695977% vs 2022
2024 filing year
$7.5M$8M$8.5M$9M$9.5M$10M 202220232024 $7.81M $9.47M ▲ +21.3%
Year Plans Participants Total Assets
2022 1 160 $8M
2023 1 164 $8M
2024 1 173 $9M

Nearby 401(k) Plans in Tennessee

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

Wallace Distribution Company Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Wallace Distribution Company Profit Sharing Plan, Total assets ($B): 0.008451569 · Participants: 164Wallace Distribution Company Profit Sharing PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
Wallace Distribution Company Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Wallace Distribution Company Profit Sharing Plan side-by-side with 3 peers →

Wallace Distribution Company Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Abstrakt Marketing Group LLC 401(k) Profit Sharing Plan and Trust in MO ($8M); by covered participants it is Daycon Products Company, Inc. 401(k) Plan in MD (164 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (164 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 Wallace Distribution Company Profit Sharing Plan assets move in 2023? ▼
Wallace Distribution Company Profit Sharing Plan grew at a solid clip - up 8.2% during 2023, from $8M to $8M. Reported net income was $644K.
How have Wallace Hardware Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wallace Hardware Company, Inc.'s sponsor-wide assets grew 21.2%, from $8M to $9M.
Which 401(k) plans are similar in size to Wallace Distribution Company Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Abstrakt Marketing Group LLC 401(k) Profit Sharing Plan and Trust in MO ($8M, 449 participants).
Which 401(k) plans cover a similar participant headcount to Wallace Distribution Company Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Daycon Products Company, Inc. 401(k) Plan in MD (164 participants, N/A 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 620408190.

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.