401(k) · DOL Form 5500 · 2023

National Spinning Co., Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
245
Participants Below avg headcount
53rd
Percentile by assets National rank
$31,966
Avg per participant Low balance/head
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Official DOL plan name: National Spinning Co., Inc. 401(k) Plan · Sponsored by National Spinning Co., Inc. · North Carolina · Manufacturing

$8M in assets, 245 participants

National Spinning Co., Inc.'s National Spinning Co., Inc. 401(k) Plan reported $8M in total assets and 245 participants in its 2023 DOL Form 5500 filing, ranking in the 53rd 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.

  • #7,178 in Manufacturing (18,722 peers)

Coverage in North Carolina

National Spinning Co., Inc. 401(k) Plan covers 245 participants in North Carolina, about 30% of the average North Carolina filer (state average ~819 per filing). Assets: $8M.

#7,178
in Manufacturing (18,722 peers)
-2.5%
assets change YoY

The plan reported a net loss of $201K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

National Spinning Co., Inc. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

National Spinning Co., Inc. 401(k) Plan vs every filed plan by assets

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

$7,831,665 Top 47% higher than 53% 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

National Spinning Co., Inc. 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. National Spinning Co., Inc. 401(k) Plan sits mid-pack in the medium band (245 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • National Spinning Co., Inc. 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to -$201K in the plan year 2023 filing.
  • National Spinning Co., Inc. 401(k) Plan reported participants fell from 308 in the plan year 2022 filing to 245 in the plan year 2023 filing.
  • National Spinning Co., Inc. 401(k) Plan end-of-year assets fell from $8M in the plan year 2022 filing to $8M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 111117990 · National Spinning Co., Inc. PY 2023 · 401(k)

National Spinning Co., Inc. 401(k) Plan · $8M · 245 · 53rd

  • EIN $8M
  • RANK 245
  • PHOTO 53rd
  • IND 401(k)
  • EOY near Commonwealth One Federal Credit Union 401(k) Plan
  • 5500 ind #7178

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 →

National Spinning Co., Inc. 401(k) Plan in the asset neighbourhood

National Spinning Co., Inc. 401(k) PlanNational Spinning Co., Inc. …$8MCommonwealth One Federal Credit Union 401(k) PlanCommonwealth One Federal Cre…$8MMaconit, Inc. 401(k) Profit Sharing PlanMaconit, Inc. 401(k) Profit …$8MSpiniello Companies 401(k) PlanSpiniello Companies 401(k) P…$8MDixie Electric Company, Inc. 401(k) PlanDixie Electric Company, Inc.…$8M
End-of-year total assets ($M) among National Spinning Co., Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income-$201K
Employer EIN111117990
Plan Effective Date1955-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (National Spinning Co., Inc.)

Sponsor-wide plan assets over time

All National Spinning Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 7.440201073008142% vs 2022
2024 filing year
$10M$11M$12M$13M$14M$15M 202220232024 $10.9M $11.7M ▲ +7.5%
Year Plans Participants Total Assets
2022 2 583 $11M
2023 2 476 $14M
2024 2 399 $12M

Nearby 401(k) Plans in North Carolina

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

National Spinning Co., Inc. 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants National Spinning Co., Inc. 401(k) Plan, Total assets ($B): 0.007831665 · Participants: 245National Spinning Co., Inc. 401(k) 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
National Spinning Co., Inc. 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare National Spinning Co., Inc. 401(k) Plan side-by-side with 3 peers →

National Spinning Co., Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Commonwealth One Federal Credit Union 401(k) Plan in VA ($8M); by covered participants it is Win It America Inc 401(k) Plan in CA (245 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (245 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 National Spinning Co., Inc. 401(k) Plan assets move in 2023? ▼
National Spinning Co., Inc. 401(k) Plan edged down modestly - down 2.5% during 2023, from $8M to $8M. Reported net income was -$201K.
How have National Spinning Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), National Spinning Co., Inc.'s sponsor-wide assets grew 7.4%, from $11M to $12M.
Which 401(k) plans are similar in size to National Spinning Co., Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Commonwealth One Federal Credit Union 401(k) Plan in VA ($8M, 78 participants).
Which 401(k) plans cover a similar participant headcount to National Spinning Co., Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Win It America Inc 401(k) Plan in CA (245 participants, $428K 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 111117990.

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.