401(k) · DOL Form 5500 · 2023

Bgf Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
526
Participants Below avg headcount
80th
Percentile by assets National rank
$62,592
Avg per participant Low balance/head
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Official DOL plan name: Bgf Industries, Inc. Retirement Savings Plan · Sponsored by Bgf Industries, Inc. · Virginia · Manufacturing

$33M in assets, 526 participants

Bgf Industries, Inc.'s Bgf Industries, Inc. Retirement Savings Plan reported $33M in total assets and 526 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #13,591 in Manufacturing (18,722 peers)

Where Bgf Industries, Inc. Retirement Savings Plan sits by assets

Bgf Industries, Inc. Retirement Savings Plan sits in the top quartile of all filed plans by assets, $33M for 526 participants (~$62,592/participant), up 9.6% in 2023.

#13,591
in Manufacturing (18,722 peers)
+9.6%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Bgf Industries, Inc. Retirement Savings Plan's outsized position by total assets

Bgf Industries, Inc. Retirement Savings Plan vs every filed plan by assets

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

$32,923,477 Top 20% higher than 80% 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

Bgf Industries, Inc. Retirement Savings 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. Bgf Industries, Inc. Retirement Savings Plan sits mid-pack in the medium band (526 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bgf Industries, Inc. Retirement Savings Plan reported net income rose from -$6M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Bgf Industries, Inc. Retirement Savings Plan end-of-year assets rose from $30M in the plan year 2022 filing to $33M in the plan year 2023 filing.
  • Bgf Industries, Inc. Retirement Savings Plan reported participants rose from 498 in the plan year 2022 filing to 526 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 561600845 · Bgf Industries, Inc. PY 2023 · 401(k)

Bgf Industries, Inc. Retirement Savings Plan · $33M · 526 · 80th

  • SCH $33M
  • SCH 526
  • SCH 80th
  • SCH 401(k)
  • SCH near Bank of Springfield 401(k) Profit Sharing Plan
  • SCH ind #13591

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 Virginia →

Bgf Industries, Inc. Retirement Savings Plan in the asset neighbourhood

Bgf Industries, Inc. Retirement Savings PlanBgf Industries, Inc. Retirem…$33MBank of Springfield 401(k) Profit Sharing PlanBank of Springfield 401(k) P…$33MHmr Veterans Services, Inc. 401(k) PlanHmr Veterans Services, Inc. …$33MThe Educational & Institutional Co-Op Services, Inc. Savings and Investment PlanThe Educational & Institutio…$33MEnvista, LLC 401(k) Profit Sharing PlanEnvista, LLC 401(k) Profit S…$33M
End-of-year total assets ($M) among Bgf Industries, Inc. Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$33M
Net Income$3M
Employer EIN561600845
Plan Effective Date1988-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bgf Industries, Inc.)

Sponsor-wide plan assets over time

All Bgf Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$34M 13.977084898972514% vs 2022
2024 filing year
$28M$30M$32M$34M$36M 202220232024 $30.1M $34.3M ▲ +14.0%
Year Plans Participants Total Assets
2022 1 498 $30M
2023 1 526 $33M
2024 1 530 $34M

Nearby 401(k) Plans in Virginia

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

Bgf Industries, Inc. Retirement Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Bgf Industries, Inc. Retirement Savings Plan, Total assets ($B): 0.032923477 · Participants: 526Bgf Industries, Inc. Retirement Savings PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Bgf Industries, Inc. Retirement Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Bgf Industries, Inc. Retirement Savings Plan side-by-side with 3 peers →

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

Outside Virginia, the nearest 401(k) by assets is Bank of Springfield 401(k) Profit Sharing Plan in IL ($33M); by covered participants it is Olney Bancshares of Texas, Inc. Employees 401(k) Retirement Plan and Trust in TX (526 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (526 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 Bgf Industries, Inc. Retirement Savings Plan assets move in 2023? ▼
Bgf Industries, Inc. Retirement Savings Plan grew at a solid clip - up 9.6% during 2023, from $30M to $33M. Reported net income was $3M.
How have Bgf Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bgf Industries, Inc.'s sponsor-wide assets grew 14.0%, from $30M to $34M.
Where does Bgf Industries, Inc. Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Bgf Industries, Inc. Retirement Savings Plan ranks in the 80th 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 Bgf Industries, Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bank of Springfield 401(k) Profit Sharing Plan in IL ($33M, 307 participants).
Which 401(k) plans cover a similar participant headcount to Bgf Industries, Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Olney Bancshares of Texas, Inc. Employees 401(k) Retirement Plan and Trust in TX (526 participants, $44M 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 561600845.

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.