401(k) · DOL Form 5500 · 2023

Klingspor Abrasives, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
250
Participants Below avg headcount
62nd
Percentile by assets National rank
$46,688
Avg per participant Low balance/head
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Official DOL plan name: Klingspor Abrasives, Inc. 401(k) Retirement Plan · Sponsored by Klingspor Abrasives, Inc. · North Carolina · Manufacturing

$12M in assets, 250 participants

Klingspor Abrasives, Inc.'s Klingspor Abrasives, Inc. 401(k) Retirement Plan reported $12M in total assets and 250 participants in its 2023 DOL Form 5500 filing, ranking in the 62nd 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.

  • #9,160 in Manufacturing (18,722 peers)

Coverage in North Carolina

Klingspor Abrasives, Inc. 401(k) Retirement Plan covers 250 participants in North Carolina, about 31% of the average North Carolina filer (state average ~819 per filing). Assets: $12M.

#9,160
in Manufacturing (18,722 peers)
-1.7%
assets change YoY

The plan reported a net loss of $198K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Klingspor Abrasives, Inc. 401(k) Retirement Plan's mid-pack asset rank among Manufacturing and all filers

Klingspor Abrasives, Inc. 401(k) Retirement Plan vs every filed plan by assets

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

$11,672,069 Top 38% higher than 62% 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

Klingspor Abrasives, Inc. 401(k) Retirement 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. Klingspor Abrasives, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (250 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Klingspor Abrasives, Inc. 401(k) Retirement Plan reported net income rose from -$3M in the plan year 2022 filing to -$198K in the plan year 2023 filing.
  • Klingspor Abrasives, Inc. 401(k) Retirement Plan reported participants fell from 283 in the plan year 2022 filing to 250 in the plan year 2023 filing.
  • Klingspor Abrasives, Inc. 401(k) Retirement Plan end-of-year assets fell from $12M in the plan year 2022 filing to $12M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 561252941 · Klingspor Abrasives, Inc. PY 2023 · 401(k)

Klingspor Abrasives, Inc. 401(k) Retirement Plan · $12M · 250 · 62nd

  • ASSETS $12M
  • PCT 250
  • EIN 62nd
  • RANK 401(k)
  • PHOTO near Samba Tv, Inc. 401(k) Plan and Trust
  • IND ind #9160

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 North Carolina →

Klingspor Abrasives, Inc. 401(k) Retirement Plan in the asset neighbourhood

Klingspor Abrasives, Inc. 401(k) Retirement PlanKlingspor Abrasives, Inc. 40…$12MSamba Tv, Inc. 401(k) Plan and TrustSamba Tv, Inc. 401(k) Plan a…$12MMonnig Global 401(k) Profit Sharing Plan & TrustMonnig Global 401(k) Profit …$12MOrg Chem Group, LLC 401(k) PlanOrg Chem Group, LLC 401(k) P…$12MNephrology & Hypertension Associates, Ltd. 401(k) Profit Sharing PlanNephrology & Hypertension As…$12M
End-of-year total assets ($M) among Klingspor Abrasives, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$12M
Net Income-$198K
Employer EIN561252941
Plan Effective Date1989-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Klingspor Abrasives, Inc.)

Sponsor-wide plan assets over time

All Klingspor Abrasives, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 5.474300633243315% vs 2022
2024 filing year
$11.5M$12M$12.5M$13M 202220232024 $11.9M $12.5M ▲ +5.5%
Year Plans Participants Total Assets
2022 1 283 $12M
2023 1 250 $12M
2024 1 267 $13M

Nearby 401(k) Plans in North Carolina

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

Klingspor Abrasives, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Klingspor Abrasives, Inc. 401(k) Retirement Plan, Total assets ($B): 0.011672069 · Participants: 250Klingspor Abrasives, Inc. 401(k) Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Klingspor Abrasives, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Klingspor Abrasives, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Klingspor Abrasives, Inc. 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Samba Tv, Inc. 401(k) Plan and Trust in CA ($12M); by covered participants it is Big League Dreams 401(k) Plan in CA (250 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (250 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 Klingspor Abrasives, Inc. 401(k) Retirement Plan assets move in 2023? ▼
Klingspor Abrasives, Inc. 401(k) Retirement Plan edged down modestly - down 1.7% during 2023, from $12M to $12M. Reported net income was -$198K.
How have Klingspor Abrasives, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Klingspor Abrasives, Inc.'s sponsor-wide assets grew 5.5%, from $12M to $13M.
Which 401(k) plans are similar in size to Klingspor Abrasives, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Samba Tv, Inc. 401(k) Plan and Trust in CA ($12M, 228 participants).
Which 401(k) plans cover a similar participant headcount to Klingspor Abrasives, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Big League Dreams 401(k) Plan in CA (250 participants, $1M 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 561252941.

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.