401(k) · DOL Form 5500 · 2023

Formica Corporation 401(k) Plan

Data updated 2026-08-11

$83M
Total assets
523
Participants
90th
Percentile by assets
$158,301
Avg per participant
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Official DOL plan name: Formica Corporation 401(k) Retirement Savings Plan · Sponsored by Formica Corporation · Ohio · Manufacturing

$83M in assets, 523 participants

Formica Corporation's Formica Corporation 401(k) Retirement Savings Plan reported $83M in total assets and 523 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)
  • #15,915 in Manufacturing (18,722 peers)

Where Formica Corporation 401(k) Retirement Savings Plan sits by assets

Formica Corporation 401(k) Retirement Savings Plan sits in the top 10% of all filed plans by assets, $83M for 523 participants (~$158,301/participant), up 23.8% in 2023.

$83M
total plan assets (2023 EOY)
523
covered participants
90th
percentile by assets (of 127,072 plans)
$158,301
avg assets per participant

Where Formica Corporation 401(k) Retirement Savings Plan sits by total assets

Formica Corporation 401(k) Retirement Savings Plan vs every filed plan by assets

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

$82,791,336 Top 10% higher than 90% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Formica Corporation 401(k) Retirement Savings Plan reported net income rose from -$22M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Formica Corporation 401(k) Retirement Savings Plan end-of-year assets rose from $67M in the plan year 2022 filing to $83M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Ohio
Industry
Manufacturing

Formica Corporation 401(k) Retirement Savings Plan vs the 2023 asset distribution

By assets, Formica Corporation 401(k) Retirement Savings Plan outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.8x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$67M
Net Assets (End of Year)$83M
Net Income$16M
Employer EIN232192184
Plan Effective Date1985-05-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Formica Corporation)

$60M$70M$80M$90M$100M 202220232024 $66.9M $91.5M ▲ +36.9%
Total plan assets by year, all Formica Corporation plans on file
Year Plans Participants Total Assets
2022 1 526 $67M
2023 1 523 $83M
2024 1 522 $92M

Nearby 401(k) Plans in Ohio

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

Formica Corporation 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Formica Corporation …, Total assets ($B): 0.082791336 · Participants: 523Formica Corporation …GE Retirement Saving…, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Saving…The Sherwin-Williams…, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams…The Progressive 401(…, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(…The Kroger Co. 401(k…, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k…Nationwide Savings P…, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings P…
Formica Corporation 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Formica Corporation 401(k) Retirement Sa… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Formica Corporation 401(k) Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Formica Corporation 401(k) Retirement Savings Plan assets move in 2023? ▼
Formica Corporation 401(k) Retirement Savings Plan grew sharply - up 23.8% during 2023, from $67M to $83M. Reported net income was $16M.
How have Formica Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Formica Corporation's sponsor-wide assets grew 36.9%, from $67M to $92M.
Where does Formica Corporation 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Formica Corporation 401(k) 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 Formica Corporation 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) in KY ($83M, 470 participants).

Next read for Formica Corporation 401(k) Retirement Sa…

Scale reading

Ways to act on Formica Corporation 401(k) Retirement Savings Plan's numbers.

  • By total assets, Formica Corporation 401(k) 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 Ohio. Compare plans
  • Formica Corporation's sponsor-wide assets have grown 36.9% 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 232192184.

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.