401(k) · DOL Form 5500 · 2023

Challenge Mfg. Holdings 401(k) Plan

Data updated 2026-08-11

$79M
Total assets: 3,057
Participants: 90th
Percentile by assets: $25,941
Avg per participant

Official DOL plan name: Challenge Mfg. Company Profit Sharing and Retirement Savings Plan · Sponsored by Challenge Mfg. Holdings · Michigan · Manufacturing

$79M in assets, 3,057 participants

Challenge Mfg. Holdings's Challenge Mfg. Company Profit Sharing and Retirement Savings Plan reported $79M in total assets and 3,057 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

90th percentile by assets (of 127,072 plans)
#15,836 in Manufacturing (18,722 peers)

Coverage in Michigan

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan covers 3,057 participants in Michigan, 4.8x the typical Michigan plan (state average ~638 per filing). Assets: $79M.

$79M
total plan assets (2023 EOY): 3,057
covered participants: 90th
percentile by assets (of 127,072 plans): $25,941
avg assets per participant

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan reported net income rose from -$5M in the plan year 2022 filing to $19M in the plan year 2023 filing.
Challenge Mfg. Company Profit Sharing and Retirement Savings Plan reported participants rose from 2,307 in the plan year 2022 filing to 3,057 in the plan year 2023 filing.
Challenge Mfg. Company Profit Sharing and Retirement Savings Plan end-of-year assets rose from $61M in the plan year 2022 filing to $79M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Manufacturing

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Challenge Mfg. Company Profit Sharing and Retirement Savings Plan reports 3,057 participants - 4.8x that state average ($79M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$61M
Net Assets (End of Year)	$79M
Net Income	$19M
Employer EIN	464294293
Plan Effective Date	1987-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Challenge Mfg. Holdings)

Total plan assets by year, all Challenge Mfg. Holdings plans on file

Year	Plans	Participants	Total Assets
2022	2	4,028	$67M
2023	2	4,929	$102M
2024	2	5,555	$140M

Nearby 401(k) Plans in Michigan

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

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants

General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195

Compare Challenge Mfg. Company Profit Sharing an… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Challenge Mfg. Company Profit Sharing and Retirement Savings Plan by total assets, not by location.

Nmc Group, Inc. 401(k) Retirement Plan (NE) $79M · 715
Anesthesiologists Associated, PC 401(k) Profit Sharing Retirement Plan (AL) $79M · 336
VI-Jon Personal Choice 401(k) Retirement Plan Fka Cumberland Swan Holdings, Inc. Retirement Income Savings Plan (MO) $79M · 1,241
The 401(k) Savings Plan for Ghc Affiliates (VA) $79M · 6,107

Frequently Asked Questions

How did Challenge Mfg. Company Profit Sharing and Retirement Savings Plan assets move in 2023? ▼

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan surged - up 30.8% during 2023, from $61M to $79M. Reported net income was $19M.

How have Challenge Mfg. Holdings plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Challenge Mfg. Holdings's sponsor-wide assets grew 107.4%, from $67M to $140M.

Where does Challenge Mfg. Company Profit Sharing and Retirement Savings Plan rank by assets among Form 5500 filers? ▼

Challenge Mfg. Company Profit Sharing and Retirement Savings Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to Challenge Mfg. Company Profit Sharing and Retirement Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Nmc Group, Inc. 401(k) Retirement Plan in NE ($79M, 715 participants).

Next read for Challenge Mfg. Company Profit Sharing an…

Filing takeaways

Ways to act on Challenge Mfg. Company Profit Sharing and Retirement Savings Plan's numbers.

By total assets, Challenge Mfg. Company Profit Sharing and Retirement Savings Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
Challenge Mfg. Holdings's sponsor-wide assets have grown 107.4% since 2022 across 3 plan years on file. More Manufacturing plans

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 464294293.