Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES

This Profit Sharing plan holds $119M in total assets and serves 451 participants as of 2023. It is sponsored by DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES in Alabama. The plan reported positive net income of $14M for the year.

Total Assets (2023)
$119M
Participants
451
State
Industry
Mining & Oil Extraction

What the Filing Says About DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES

DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES is a Profit Sharing retirement plan sponsored by DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES, headquartered in Alabama. As of the 2023 Form 5500 filing, the plan reports $119M in total end-of-year assets and covers 451 participants across the Mining & Oil Extraction industry. The sponsor's EIN on file with the U.S. Department of Labor is 630653224, and the plan has been effective since 1986-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $105M at the beginning of 2023 to $119M at year-end — a gain of 13.1%. Net assets (after liabilities) closed the year at $119M, with reported net income of $14M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$105M
Total Assets (End of Year)$119M
Net Assets (End of Year)$119M
Net Income$14M
Plan TypeProfit Sharing
Employer EIN630653224
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES)

Year Plans Participants Total Assets
2022 4 1,273 $347M
2023 4 1,212 $389M
2024 3 944 $365M

Nearby Profit Sharing Plans in Alabama

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Frequently Asked Questions

How much money is in the DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES?
As of the 2023 Form 5500 filing, DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES holds $119M in total assets with 451 participants. It is sponsored by DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES.
What type of plan is DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES?
DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES is a Profit Sharing plan. It has been effective since 1986-01-01. The plan is filed with the U.S. Department of Labor under EIN 630653224.
Who sponsors the DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES?
DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES is sponsored by DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES, located in Alabama. The sponsor's EIN is 630653224 and the plan operates in the Mining & Oil Extraction industry.
How did DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES perform in 2023?
DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES grew by 13.1% during 2023, moving from $105M to $119M in total assets. Net income was $14M.
Where can I find official filings for DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES?
Official Form 5500 filings for DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 630653224 or plan name at efast.dol.gov.
How does DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES compare to other plans?
You can compare DRUMMOND COMPANY, INC. SAVINGS PLAN FOR SALARIED EMPLOYEES against other Profit Sharing plans on the plan type page, or view plans in Alabama on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 630653224.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.