401(k) · DOL Form 5500 · 2023

Thermwood Corporation 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
116
Participants Small participant base
69th
Percentile by assets National rank
$142,634
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Thermwood Corporation 401(k) Plan · Sponsored by Thermwood Corporation · Indiana · Manufacturing

$17M in assets, 116 participants

Thermwood Corporation's Thermwood Corporation 401(k) Plan reported $17M in total assets and 116 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #10,878 in Manufacturing (18,722 peers)

Coverage in Indiana

Thermwood Corporation 401(k) Plan covers 116 participants in Indiana, about 21% of the average Indiana filer (state average ~541 per filing). Assets: $17M.

#10,878
in Manufacturing (18,722 peers)
+15.6%
assets growth YoY

Thermwood Corporation 401(k) Plan's outsized position by total assets

Thermwood Corporation 401(k) Plan vs every filed plan by assets

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

$16,545,532 Top 31% higher than 69% 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

Thermwood Corporation 401(k) 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. Thermwood Corporation 401(k) Plan sits mid-pack in the medium band (116 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Thermwood Corporation 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Thermwood Corporation 401(k) Plan end-of-year assets rose from $14M in the plan year 2022 filing to $17M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 351169185 · Thermwood Corporation PY 2023 · 401(k)

Thermwood Corporation 401(k) Plan · $17M · 116 · 69th

  • PART $17M
  • TYPE 116
  • NET 69th
  • BOOK 401(k)
  • VS-ST near Universal Photonics Inc 401(k) Profit Sharing Plan & Trust
  • BOY ind #10878

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 →

Thermwood Corporation 401(k) Plan in the asset neighbourhood

Thermwood Corporation 401(k) PlanThermwood Corporation 401(k)…$17MUniversal Photonics Inc 401(k) Profit Sharing Plan & TrustUniversal Photonics Inc 401(…$17MPark Engineering Profit Sharing PlanPark Engineering Profit Shar…$17MLake Champlain Transportation Co. 401(k) Savings PlanLake Champlain Transportatio…$17MYanka Industries, Inc. Retirement PlanYanka Industries, Inc. Retir…$17M
End-of-year total assets ($M) among Thermwood Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Indiana filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$17M
Net Income$2M
Employer EIN351169185
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Thermwood Corporation)

Sponsor-wide plan assets over time

All Thermwood Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$19M 32.936915360556746% vs 2022
2024 filing year
$12M$14M$16M$18M$20M 202220232024 $14.3M $19M ▲ +32.9%
Year Plans Participants Total Assets
2022 1 115 $14M
2023 1 116 $17M
2024 1 201 $19M

Nearby 401(k) Plans in Indiana

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

Thermwood Corporation 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants Thermwood Corporation 401(k) Plan, Total assets ($B): 0.016545532 · Participants: 116Thermwood Corporation 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
Thermwood Corporation 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Thermwood Corporation 401(k) Plan side-by-side with 3 peers →

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

Outside Indiana, the nearest 401(k) by assets is Universal Photonics Inc 401(k) Profit Sharing Plan & Trust in NY ($17M); by covered participants it is Commonwealth Electrical Technologies, Inc. 401(k) Plan in MA (116 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (116 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 Thermwood Corporation 401(k) Plan assets move in 2023? ▼
Thermwood Corporation 401(k) Plan grew sharply - up 15.6% during 2023, from $14M to $17M. Reported net income was $2M.
How have Thermwood Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Thermwood Corporation's sponsor-wide assets grew 32.9%, from $14M to $19M.
Which 401(k) plans are similar in size to Thermwood Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Universal Photonics Inc 401(k) Profit Sharing Plan & Trust in NY ($17M, 148 participants).
Which 401(k) plans cover a similar participant headcount to Thermwood Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Commonwealth Electrical Technologies, Inc. 401(k) Plan in MA (116 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 351169185.

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.