401(k) · DOL Form 5500 · 2023

Upward Projects 401(k) Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets: 816
Participants Near avg headcount: 33rd
Percentile by assets National rank: $2,911
Avg per participant Low balance/head

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Official DOL plan name: Upward Projects 401(k) Plan · Sponsored by Upward Projects · Arizona · Food Services & Accommodation

$2M in assets, 816 participants

Upward Projects's Upward Projects 401(k) Plan reported $2M in total assets and 816 participants in its 2023 DOL Form 5500 filing, ranking in the 33rd 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.

#2,629 in Food Services & Accommodation (3,828 peers)

Food Services & Accommodation sector rank

Within Food Services & Accommodation, Upward Projects 401(k) Plan ranks #2,629 of 3,828 2023 filers by assets (824% of the sector average)-$2M for 816 participants.

#2,629
in Food Services & Accommodation (3,828 peers): +218.4%
assets growth YoY

Upward Projects 401(k) Plan among the smaller filed plans by assets

Upward Projects 401(k) Plan vs every filed plan by assets

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

$2,375,616 33rd percentile higher than 33% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Upward Projects 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. Upward Projects 401(k) Plan sits mid-pack in the medium band (816 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Upward Projects 401(k) Plan end-of-year assets rose from $746K in the plan year 2022 filing to $2M in the plan year 2023 filing.
Upward Projects 401(k) Plan reported net income rose from $746K in the plan year 2022 filing to $2M in the plan year 2023 filing.
Upward Projects 401(k) Plan reported participants rose from 699 in the plan year 2022 filing to 816 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 823127811 · Upward Projects PY 2023 · 401(k)

Upward Projects 401(k) Plan · $2M · 816 · 33rd

5500 $2M
5500 816
5500 33rd
5500 401(k)
5500 near Core Staffing/Vital Tech Solutions 401(k) Plan
5500 ind #2629

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 Food Services & Accommodation retirement plans → · Plans in Arizona →

End-of-year total assets ($M) among Upward Projects 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Food Services & Accommodation filing particulars

Total Assets (Beginning of Year)	$746K
Net Assets (End of Year)	$2M
Net Income	$2M
Employer EIN	823127811
Plan Effective Date	2022-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Upward Projects)

Latest sponsor-wide plan assets: $5M 530.5414031094722% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	699	$746K
2023	1	816	$2M
2024	1	1,025	$5M

Nearby 401(k) Plans in Arizona

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

Upward Projects 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants

Bechtel Trust & Thrift Plan $5.7B · 7,448
Banner Health Employees 401(k) Plan $4.3B · 52,452
Republic Services, Inc. 401(k) Plan $2.4B · 28,131
Freeport-Mcmoran Inc. Employee Capital Accumulation Program $2.3B · 13,105
Stantec 401(k) Plan $2.0B · 10,719

Compare Upward Projects 401(k) Plan side-by-side with 3 peers →

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

Outside Arizona, the nearest 401(k) by assets is Core Staffing/Vital Tech Solutions 401(k) Plan in MI ($2M); by covered participants it is Old Second Bancorp, Inc. Employees' 401(k) Savings Plan & Trust in IL (816 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2M here).

Core Staffing/Vital Tech Solutions 401(k) Plan (MI) $2M · 216
Altova, Inc. 401(k) Plan (MA) $2M · 12
Maecker Team, Inc. Profit Sharing Plan (CO) $2M · 3
Matsui International 401(k) Plan (CA) $2M · 17

Similar participant headcount

Nearest other-state filings by covered participants (816 participants); asset peers above are excluded.

Old Second Bancorp, Inc. Employees' 401(k) Savings Plan & Trust (IL) 816 · 0 off
Public Company Accounting Oversight Board Investment & Savings Plan (DC) 816 · 0 off
Carhartt, Inc. Union 401(k) Plan (MI) 816 · 0 off
Adac Plastics, Inc. Retirement Plan (MI) 816 · 0 off

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 Upward Projects 401(k) Plan assets move in 2023? ▼

Upward Projects 401(k) Plan surged - up 218.4% during 2023, from $746K to $2M. Reported net income was $2M.

How have Upward Projects plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Upward Projects's sponsor-wide assets grew 530.5%, from $746K to $5M.

Which 401(k) plans are similar in size to Upward Projects 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Core Staffing/Vital Tech Solutions 401(k) Plan in MI ($2M, 216 participants).

Which 401(k) plans cover a similar participant headcount to Upward Projects 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Old Second Bancorp, Inc. Employees' 401(k) Savings Plan & Trust in IL (816 participants, $89M 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 823127811.