401(k) · DOL Form 5500 · 2023

Norfolk Tug Company 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
143
Participants Small participant base
65th
Percentile by assets National rank
$96,723
Avg per participant Below avg balance/head
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Official DOL plan name: Uswt 401(k) Plan · Sponsored by Norfolk Tug Company · Virginia · Transportation & Warehousing

$14M in assets, 143 participants

Norfolk Tug Company's Uswt 401(k) Plan reported $14M in total assets and 143 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #2,209 in Transportation & Warehousing (3,362 peers)

Coverage in Virginia

Uswt 401(k) Plan covers 143 participants in Virginia, about 18% of the average Virginia filer (state average ~782 per filing). Assets: $14M.

#2,209
in Transportation & Warehousing (3,362 peers)
+18.1%
assets growth YoY

Uswt 401(k) Plan's mid-pack asset rank among Transportation & Warehousing and all filers

Uswt 401(k) Plan vs every filed plan by assets

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

$13,831,325 Top 35% higher than 65% 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

Uswt 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. Uswt 401(k) Plan sits mid-pack in the medium band (143 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Uswt 401(k) Plan reported net income rose from -$1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Uswt 401(k) Plan end-of-year assets rose from $12M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Uswt 401(k) Plan reported participants fell from 166 in the plan year 2022 filing to 143 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 541919409 · Norfolk Tug Company PY 2023 · 401(k)

Uswt 401(k) Plan · $14M · 143 · 65th

  • PART $14M
  • PART 143
  • PART 65th
  • PART 401(k)
  • PART near Inhibrx 401(k) Plan
  • PART ind #2209

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 Transportation & Warehousing retirement plans → · Plans in Virginia →

Uswt 401(k) Plan in the asset neighbourhood

Uswt 401(k) Plan$14MInhibrx 401(k) Plan$14MV. H. Blackinton & Co., Inc. Tax Deferred Savings PlanV. H. Blackinton & Co., Inc.…$14MKnight Piesold and Co. 401(k) Retirement PlanKnight Piesold and Co. 401(k…$14MFlorida Eye Health Services, LLC 401(k) Retirement PlanFlorida Eye Health Services,…$14M
End-of-year total assets ($M) among Uswt 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$14M
Net Income$2M
Employer EIN541919409
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Norfolk Tug Company)

Sponsor-wide plan assets over time

All Norfolk Tug Company plans reported in each filing year

Latest sponsor-wide plan assets
$14M 18.122268150463615% vs 2022
2023 filing year
$11M$12M$13M$14M$15M 20222023 $11.7M $13.8M ▲ +18.1%
Year Plans Participants Total Assets
2022 1 166 $12M
2023 1 143 $14M

Nearby 401(k) Plans in Virginia

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

Uswt 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Uswt 401(k) Plan, Total assets ($B): 0.013831325 · Participants: 143Uswt 401(k) 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
Uswt 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Uswt 401(k) Plan side-by-side with 3 peers →

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

Outside Virginia, the nearest 401(k) by assets is Inhibrx 401(k) Plan in CA ($14M); by covered participants it is Precision International Automotive Products Inc. 401 (K) Plan in NY (143 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (143 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 Uswt 401(k) Plan assets move in 2023? ▼
Uswt 401(k) Plan grew sharply - up 18.1% during 2023, from $12M to $14M. Reported net income was $2M.
How have Norfolk Tug Company plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Norfolk Tug Company's sponsor-wide assets grew 18.1%, from $12M to $14M.
Which 401(k) plans are similar in size to Uswt 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Inhibrx 401(k) Plan in CA ($14M, 141 participants).
Which 401(k) plans cover a similar participant headcount to Uswt 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Precision International Automotive Products Inc. 401 (K) Plan in NY (143 participants, $27M 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 541919409.

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.