401(k) · DOL Form 5500 · 2023

Damping Technologies, Inc. 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
41
Participants Small participant base
37th
Percentile by assets National rank
$82,084
Avg per participant Below avg balance/head
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Official DOL plan name: The Company 401(k) Plan · Sponsored by Damping Technologies, Inc. · Indiana · Manufacturing

$3M in assets, 41 participants

Damping Technologies, Inc.'s The Company 401(k) Plan reported $3M in total assets and 41 participants in its 2023 DOL Form 5500 filing, ranking in the 37th 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.

  • #3,883 in Manufacturing (18,722 peers)

2023 asset change

The Company 401(k) Plan declined sharply 15.8% in 2023 ($4M → $3M) for 41 participants.

#3,883
in Manufacturing (18,722 peers)
-15.8%
assets change YoY

The plan reported a net loss of $632K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Company 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

The Company 401(k) Plan vs every filed plan by assets

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

$3,365,431 37th percentile higher than 37% 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

The Company 401(k) Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Company 401(k) Plan is a small filing (41 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Company 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to -$632K in the plan year 2023 filing.
  • The Company 401(k) Plan reported participants rose from 33 in the plan year 2022 filing to 41 in the plan year 2023 filing.
  • The Company 401(k) Plan end-of-year assets fell from $4M in the plan year 2022 filing to $3M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 311286596 · Damping Technologies, Inc. PY 2023 · 401(k)

The Company 401(k) Plan · $3M · 41 · 37th

  • EOY $3M
  • EOY 41
  • EOY 37th
  • EOY 401(k)
  • EOY near Turnbridge 401(k) Retirement Savings Plan
  • EOY ind #3883

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 →

The Company 401(k) Plan in the asset neighbourhood

The Company 401(k) Plan$3MTurnbridge 401(k) Retirement Savings PlanTurnbridge 401(k) Retirement…$3MSimonds Machinery Company 401(k) Profit Sharing Plan & TrustSimonds Machinery Company 40…$3MStafford Transport Inc 401(k) Profit Sharing Plan & TrustStafford Transport Inc 401(k…$3MJuvo Plus Inc. 401(k) Plan$3M
End-of-year total assets ($M) among The Company 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Damping Technologies, Inc. years around the 2023 move

Sponsor-wide plan assets over time

All Damping Technologies, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4M 3.4755598274678903% vs 2022
2024 filing year
$3M$3.5M$4M$4.5M 202220232024 $4M $4.14M ▲ +3.5%
Year Plans Participants Total Assets
2022 1 33 $4M
2023 1 41 $3M
2024 1 44 $4M

2023 asset-move particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$3M
Net Income-$632K
Employer EIN311286596
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Indiana

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

The Company 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants The Company 401(k) Plan, Total assets ($B): 0.003365431 · Participants: 41The Company 401(k) 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
The Company 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare The Company 401(k) Plan side-by-side with 3 peers →

The Company 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Turnbridge 401(k) Retirement Savings Plan in CT ($3M); by covered participants it is Houston Vehicle Leasing 401(k) Plan in TX (41 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (41 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 The Company 401(k) Plan assets move in 2023? ▼
The Company 401(k) Plan declined sharply - down 15.8% during 2023, from $4M to $3M. Reported net income was -$632K.
How have Damping Technologies, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Damping Technologies, Inc.'s sponsor-wide assets grew 3.5%, from $4M to $4M.
Which 401(k) plans are similar in size to The Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Turnbridge 401(k) Retirement Savings Plan in CT ($3M, 294 participants).
Which 401(k) plans cover a similar participant headcount to The Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Houston Vehicle Leasing 401(k) Plan in TX (41 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 311286596.

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.