401(k) · DOL Form 5500 · 2023

Strongwell Corporation 401(k) Plan

Data updated 2026-08-25

$83M
Total assets Below avg plan size
332
Participants Below avg headcount
90th
Percentile by assets National rank
$251,217
Avg per participant Above avg balance/head
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Official DOL plan name: Strongwell Corporation 401(k) Profit-Sharing Plan and Trust · Sponsored by Strongwell Corporation · Virginia · Manufacturing

$83M in assets, 332 participants

Strongwell Corporation's Strongwell Corporation 401(k) Profit-Sharing Plan and Trust reported $83M in total assets and 332 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #15,932 in Manufacturing (18,722 peers)

Coverage in Virginia

Strongwell Corporation 401(k) Profit-Sharing Plan and Trust covers 332 participants in Virginia, about 42% of the average Virginia filer (state average ~782 per filing). Assets: $83M.

#15,932
in Manufacturing (18,722 peers)
+5.9%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Strongwell Corporation 401(k) Profit-Sharing Plan and Trust's outsized position by total assets

Strongwell Corporation 401(k) Profit-Sharing Plan and Trust vs every filed plan by assets

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

$83,404,116 Top 10% higher than 90% 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

Strongwell Corporation 401(k) Profit-Sharing Plan and Trust 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. Strongwell Corporation 401(k) Profit-Sharing Plan and Trust sits mid-pack in the medium band (332 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Strongwell Corporation 401(k) Profit-Sharing Plan and Trust reported net income rose from -$18M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Strongwell Corporation 401(k) Profit-Sharing Plan and Trust end-of-year assets rose from $79M in the plan year 2022 filing to $83M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 541670655 · Strongwell Corporation PY 2023 · 401(k)

Strongwell Corporation 401(k) Profit-Sharing Plan and Trust · $83M · 332 · 90th

  • SCH $83M
  • EBSA 332
  • PART 90th
  • TYPE 401(k)
  • NET near L.B. Foster Company 401(k) and Profit Sharing Plan
  • BOOK ind #15932

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 Virginia →

Strongwell Corporation 401(k) Profit-Sharing Plan and Trust in the asset neighbourhood

Bonterra 401(k) Plan$83MMagellan USA Retirement Plan$83MPackard Medical Group 401(k) Profit Sharing PlanPackard Medical Group 401(k)…$83MStrongwell Corporation 401(k) Profit-Sharing Plan and TrustStrongwell Corporation 401(k…$83ML.B. Foster Company 401(k) and Profit Sharing PlanL.B. Foster Company 401(k) a…$83M
End-of-year total assets ($M) among Strongwell Corporation 401(k) Profit-Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$79M
Net Assets (End of Year)$83M
Net Income$5M
Employer EIN541670655
Plan Effective Date1971-07-03
Filing StatusFILING RECEIVED

Sponsor Plan History (Strongwell Corporation)

Sponsor-wide plan assets over time

All Strongwell Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$87M 10.08259439785909% vs 2022
2024 filing year
$75M$80M$85M$90M 202220232024 $78.8M $86.7M ▲ +10.1%
Year Plans Participants Total Assets
2022 1 329 $79M
2023 1 332 $83M
2024 1 318 $87M

Nearby 401(k) Plans in Virginia

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

Strongwell Corporation 401(k) Profit-Sharing Plan and Trust vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Strongwell Corporation 401(k) Profit-Sharing Plan and Trust, Total assets ($B): 0.083404116 · Participants: 332Strongwell Corporation 401(k) Profit-Sharing Plan and TrustNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Strongwell Corporation 401(k) Profit-Sharing Plan and Trust vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Strongwell Corporation 401(k) Profit-Sharing Plan and Trust side-by-side with 3 peers →

Strongwell Corporation 401(k) Profit-Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is L.B. Foster Company 401(k) and Profit Sharing Plan in PA ($83M); by covered participants it is Basco Manufacturing Company 401(k) Profit Sharing Plan in OH (332 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($83M here).

Similar participant headcount

Nearest other-state filings by covered participants (332 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 Strongwell Corporation 401(k) Profit-Sharing Plan and Trust assets move in 2023? ▼
Strongwell Corporation 401(k) Profit-Sharing Plan and Trust grew at a solid clip - up 5.9% during 2023, from $79M to $83M. Reported net income was $5M.
How have Strongwell Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Strongwell Corporation's sponsor-wide assets grew 10.1%, from $79M to $87M.
Where does Strongwell Corporation 401(k) Profit-Sharing Plan and Trust rank by assets among Form 5500 filers? ▼
Strongwell Corporation 401(k) Profit-Sharing Plan and Trust ranks in the 90th 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 Strongwell Corporation 401(k) Profit-Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is L.B. Foster Company 401(k) and Profit Sharing Plan in PA ($83M, 804 participants).
Which 401(k) plans cover a similar participant headcount to Strongwell Corporation 401(k) Profit-Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Basco Manufacturing Company 401(k) Profit Sharing Plan in OH (332 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 541670655.

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.