401(k) · DOL Form 5500 · 2023

Shannon Precision Fastener, LLC 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
253
Participants Below avg headcount
71st
Percentile by assets National rank
$71,932
Avg per participant Below avg balance/head
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Official DOL plan name: Shannon Precision Fastener 401(k) · Sponsored by Shannon Precision Fastener, LLC · Michigan · Manufacturing

$18M in assets, 253 participants

Shannon Precision Fastener, LLC's Shannon Precision Fastener 401(k) reported $18M in total assets and 253 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

  • #11,282 in Manufacturing (18,722 peers)

Coverage in Michigan

Shannon Precision Fastener 401(k) covers 253 participants in Michigan, about 40% of the average Michigan filer (state average ~638 per filing). Assets: $18M.

#11,282
in Manufacturing (18,722 peers)
+23.3%
assets growth YoY

Shannon Precision Fastener 401(k)'s outsized position by total assets

Shannon Precision Fastener 401(k) vs every filed plan by assets

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

$18,198,802 Top 29% higher than 71% 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

Shannon Precision Fastener 401(k) 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. Shannon Precision Fastener 401(k) sits mid-pack in the medium band (253 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Shannon Precision Fastener 401(k) reported net income rose from -$542K in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Shannon Precision Fastener 401(k) end-of-year assets rose from $15M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Shannon Precision Fastener 401(k) reported participants rose from 237 in the plan year 2022 filing to 253 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 421630807 · Shannon Precision Fastener, LLC PY 2023 · 401(k)

Shannon Precision Fastener 401(k) · $18M · 253 · 71st

  • TYPE $18M
  • NET 253
  • BOOK 71st
  • VS-ST 401(k)
  • BOY near Premier Dermatology & Cosmetic Surgery 401(k) Plan
  • SCH ind #11282

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 Michigan →

Shannon Precision Fastener 401(k) in the asset neighbourhood

Shannon Precision Fastener 401(k)Shannon Precision Fastener 4…$18MPremier Dermatology & Cosmetic Surgery 401(k) PlanPremier Dermatology & Cosmet…$18MWilliams Steel Group 401(k) PlanWilliams Steel Group 401(k) …$18MOklahoma Steel & Wire Co., Inc. 401(k) Profit Sharing Retirement PlanOklahoma Steel & Wire Co., I…$18MCapital Guidance Group Retirement PlanCapital Guidance Group Retir…$18M
End-of-year total assets ($M) among Shannon Precision Fastener 401(k) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$18M
Net Income$3M
Employer EIN421630807
Plan Effective Date2005-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Shannon Precision Fastener, LLC)

Sponsor-wide plan assets over time

All Shannon Precision Fastener, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$46M 208.68031372720074% vs 2022
2024 filing year
$10M$20M$30M$40M$50M 202220232024 $14.8M $45.6M ▲ +208.8%
Year Plans Participants Total Assets
2022 1 237 $15M
2023 1 253 $18M
2024 1 280 $46M

Nearby 401(k) Plans in Michigan

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

Shannon Precision Fastener 401(k) vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Shannon Precision Fastener 401(k), Total assets ($B): 0.018198802 · Participants: 253Shannon Precision Fastener 401(k)General Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Shannon Precision Fastener 401(k) vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Shannon Precision Fastener 401(k) side-by-side with 3 peers →

Shannon Precision Fastener 401(k)'s out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Premier Dermatology & Cosmetic Surgery 401(k) Plan in DE ($18M); by covered participants it is Helm Group, Inc. 401(k) Plan in IL (253 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (253 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 Shannon Precision Fastener 401(k) assets move in 2023? ▼
Shannon Precision Fastener 401(k) grew sharply - up 23.3% during 2023, from $15M to $18M. Reported net income was $3M.
How have Shannon Precision Fastener, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Shannon Precision Fastener, LLC's sponsor-wide assets grew 208.7%, from $15M to $46M.
Which 401(k) plans are similar in size to Shannon Precision Fastener 401(k)? ▼
Among 401(k) plans in other states, the closest by assets is Premier Dermatology & Cosmetic Surgery 401(k) Plan in DE ($18M, 130 participants).
Which 401(k) plans cover a similar participant headcount to Shannon Precision Fastener 401(k)? ▼
Among 401(k) plans in other states, the closest by covered participants is Helm Group, Inc. 401(k) Plan in IL (253 participants, $56M 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 421630807.

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.