401(k) · DOL Form 5500 · 2023

Gorton's Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
253
Participants Below avg headcount
60th
Percentile by assets National rank
$42,404
Avg per participant Low balance/head
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Official DOL plan name: Savings Plan for Union Employees of Gorton's · Sponsored by Gorton's Inc. · Massachusetts · Manufacturing

$11M in assets, 253 participants

Gorton's Inc.'s Savings Plan for Union Employees of Gorton's reported $11M in total assets and 253 participants in its 2023 DOL Form 5500 filing, ranking in the 60th 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.

  • #8,734 in Manufacturing (18,722 peers)

Coverage in Massachusetts

Savings Plan for Union Employees of Gorton's covers 253 participants in Massachusetts, about 38% of the average Massachusetts filer (state average ~659 per filing). Assets: $11M.

#8,734
in Manufacturing (18,722 peers)
+6.2%
assets growth YoY

Savings Plan for Union Employees of Gorton's's mid-pack asset rank among Manufacturing and all filers

Savings Plan for Union Employees of Gorton's vs every filed plan by assets

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

$10,728,301 Top 40% higher than 60% 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

Savings Plan for Union Employees of Gorton's 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. Savings Plan for Union Employees of Gorton's sits mid-pack in the medium band (253 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Savings Plan for Union Employees of Gorton's reported net income rose from -$1M in the plan year 2022 filing to $630K in the plan year 2023 filing.
  • Savings Plan for Union Employees of Gorton's end-of-year assets rose from $10M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Savings Plan for Union Employees of Gorton's reported participants fell from 265 in the plan year 2022 filing to 253 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 043575531 · Gorton's Inc. PY 2023 · 401(k)

Savings Plan for Union Employees of Gorton's · $11M · 253 · 60th

  • BOY $11M
  • SCH 253
  • EBSA 60th
  • PART 401(k)
  • TYPE near Nextphase Medical Devices LLC 401(k) Plan
  • NET ind #8734

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 Massachusetts →

Savings Plan for Union Employees of Gorton's in the asset neighbourhood

Savings Plan for Union Employees of Gorton'sSavings Plan for Union Emplo…$11MNextphase Medical Devices LLC 401(k) PlanNextphase Medical Devices LL…$11MCommunity Based Services, Inc. 401(k) Profit Sharing PlanCommunity Based Services, In…$11MBell Incorporated Employees Profit Sharing PlanBell Incorporated Employees …$11MBluegrass Hospitality Group 401(k) PlanBluegrass Hospitality Group …$11M
End-of-year total assets ($M) among Savings Plan for Union Employees of Gorton's and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$11M
Net Income$630K
Employer EIN043575531
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gorton's Inc.)

Sponsor-wide plan assets over time

All Gorton's Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$161M 3.3204730076096984% vs 2022
2024 filing year
$154M$156M$158M$160M$162M 202220232024 $156M $161M ▲ +3.3%
Year Plans Participants Total Assets
2022 3 535 $156M
2023 3 515 $161M
2024 3 507 $161M

Nearby 401(k) Plans in Massachusetts

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

Savings Plan for Union Employees of Gorton's vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Savings Plan for Union Employees of Gorton's, Total assets ($B): 0.010728301 · Participants: 253Savings Plan for Union Employees of Gorton'sFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Savings Plan for Union Employees of Gorton's vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Savings Plan for Union Employees of Gorton's side-by-side with 3 peers →

Savings Plan for Union Employees of Gorton's's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Nextphase Medical Devices LLC 401(k) Plan in NH ($11M); by covered participants it is Helm Group, Inc. 401(k) Plan in IL (253 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (253 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 Savings Plan for Union Employees of Gorton's assets move in 2023? ▼
Savings Plan for Union Employees of Gorton's grew at a solid clip - up 6.2% during 2023, from $10M to $11M. Reported net income was $630K.
How have Gorton's Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gorton's Inc.'s sponsor-wide assets grew 3.3%, from $156M to $161M.
Which 401(k) plans are similar in size to Savings Plan for Union Employees of Gorton's? ▼
Among 401(k) plans in other states, the closest by assets is Nextphase Medical Devices LLC 401(k) Plan in NH ($11M, 293 participants).
Which 401(k) plans cover a similar participant headcount to Savings Plan for Union Employees of Gorton's? ▼
Among 401(k) plans in other states, the closest by covered participants is Helm Group, Inc. 401(k) Plan in IL (253 participants, $56M 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 043575531.

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.