401(k) · DOL Form 5500 · 2023

Canfield Scientific, Inc. 401(k) Plan

Data updated 2026-08-25

$38M
Total assets Below avg plan size
251
Participants Below avg headcount
82nd
Percentile by assets National rank
$152,078
Avg per participant Above avg balance/head
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Official DOL plan name: Canfield Scientific Inc. Profit Sharing 401(k) Plan · Sponsored by Canfield Scientific, Inc. · New Jersey · Information & Media

$38M in assets, 251 participants

Canfield Scientific, Inc.'s Canfield Scientific Inc. Profit Sharing 401(k) Plan reported $38M in total assets and 251 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

  • #2,138 in Information & Media (2,818 peers)

Coverage in New Jersey

Canfield Scientific Inc. Profit Sharing 401(k) Plan covers 251 participants in New Jersey, about 30% of the average New Jersey filer (state average ~844 per filing). Assets: $38M.

#2,138
in Information & Media (2,818 peers)
+25.3%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Canfield Scientific Inc. Profit Sharing 401(k) Plan's outsized position by total assets

Canfield Scientific Inc. Profit Sharing 401(k) Plan vs every filed plan by assets

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

$38,171,510 Top 18% higher than 82% 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

Canfield Scientific Inc. Profit Sharing 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. Canfield Scientific Inc. Profit Sharing 401(k) Plan sits mid-pack in the medium band (251 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Canfield Scientific Inc. Profit Sharing 401(k) Plan reported net income rose from -$5M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Canfield Scientific Inc. Profit Sharing 401(k) Plan end-of-year assets rose from $30M in the plan year 2022 filing to $38M in the plan year 2023 filing.
  • Canfield Scientific Inc. Profit Sharing 401(k) Plan reported participants rose from 215 in the plan year 2022 filing to 251 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 222938062 · Canfield Scientific, Inc. PY 2023 · 401(k)

Canfield Scientific Inc. Profit Sharing 401(k) Plan · $38M · 251 · 82nd

  • SCH $38M
  • SCH 251
  • SCH 82nd
  • SCH 401(k)
  • SCH near Sangoma US Inc. 401(k) Plan
  • SCH ind #2138

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 Information & Media retirement plans → · Plans in New Jersey →

Canfield Scientific Inc. Profit Sharing 401(k) Plan in the asset neighbourhood

Cleaveland/Price, Inc. 401(k) PlanCleaveland/Price, Inc. 401(k…$38MCanfield Scientific Inc. Profit Sharing 401(k) PlanCanfield Scientific Inc. Pro…$38MSangoma US Inc. 401(k) Plan$38MThe Children's Village, Inc. 401(k) PlanThe Children's Village, Inc.…$38MPresidio Components, Inc. 401(k) Profit Sharing PlanPresidio Components, Inc. 40…$38M
End-of-year total assets ($M) among Canfield Scientific Inc. Profit Sharing 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$38M
Net Income$8M
Employer EIN222938062
Plan Effective Date1996-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Canfield Scientific, Inc.)

Sponsor-wide plan assets over time

All Canfield Scientific, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$46M 51.61136209660573% vs 2022
2024 filing year
$25M$30M$35M$40M$45M$50M 202220232024 $30.5M $46.2M ▲ +51.6%
Year Plans Participants Total Assets
2022 1 215 $30M
2023 1 251 $38M
2024 1 285 $46M

Nearby 401(k) Plans in New Jersey

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

Canfield Scientific Inc. Profit Sharing 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -1001020304050 Total assets ($B) Participants Canfield Scientific Inc. Profit Sharing 401(k) Plan, Total assets ($B): 0.03817151 · Participants: 251Canfield Scientific Inc. Profit Sharing 401(k) PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 44.552237022 · Participants: 176610JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 27.825640157 · Participants: 78072Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 22.177853595 · Participants: 41291Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 15.543526764 · Participants: 59346Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 13.424416176 · Participants: 26850Merck US Savings Plan
Canfield Scientific Inc. Profit Sharing 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Canfield Scientific Inc. Profit Sharing 401(k) Plan side-by-side with 3 peers →

Canfield Scientific Inc. Profit Sharing 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Sangoma US Inc. 401(k) Plan in FL ($38M); by covered participants it is Drata Inc. 401(k) Plan in CA (251 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($38M here).

Similar participant headcount

Nearest other-state filings by covered participants (251 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 Canfield Scientific Inc. Profit Sharing 401(k) Plan assets move in 2023? ▼
Canfield Scientific Inc. Profit Sharing 401(k) Plan grew sharply - up 25.3% during 2023, from $30M to $38M. Reported net income was $8M.
How have Canfield Scientific, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Canfield Scientific, Inc.'s sponsor-wide assets grew 51.6%, from $30M to $46M.
Where does Canfield Scientific Inc. Profit Sharing 401(k) Plan rank by assets among Form 5500 filers? ▼
Canfield Scientific Inc. Profit Sharing 401(k) Plan ranks in the 82nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Canfield Scientific Inc. Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sangoma US Inc. 401(k) Plan in FL ($38M, 487 participants).
Which 401(k) plans cover a similar participant headcount to Canfield Scientific Inc. Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Drata Inc. 401(k) Plan in CA (251 participants, $8M 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 222938062.

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.