401(k) · DOL Form 5500 · 2023

Formica Corporation 401(k) Plan

Data updated 2026-08-25

$83M
Total assets Below avg plan size
523
Participants Below avg headcount
90th
Percentile by assets National rank
$158,301
Avg per participant Above avg balance/head
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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.

  • #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.

#15,915
in Manufacturing (18,722 peers)
+23.8%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Formica Corporation 401(k) Retirement Savings Plan's outsized position 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 $2,050,000,000 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

Formica Corporation 401(k) Retirement Savings 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. Formica Corporation 401(k) Retirement Savings Plan sits mid-pack in the medium band (523 participants).

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 →

Published 5500 schedule card

Filing strip 232192184 · Formica Corporation PY 2023 · 401(k)

Formica Corporation 401(k) Retirement Savings Plan · $83M · 523 · 90th

  • BOOK $83M
  • VS-ST 523
  • BOY 90th
  • SCH 401(k)
  • EBSA near Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions)
  • PART ind #15915

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 Ohio →

Formica Corporation 401(k) Retirement Savings Plan in the asset neighbourhood

Gallagher & Kennedy, P.a. Profit Sharing and 401(k) PlanGallagher & Kennedy, P.a. Pr…$83MHme Retirement Savings Plan$83MFormica Corporation 401(k) Retirement Savings PlanFormica Corporation 401(k) R…$83MIndependence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions)Independence Bancshares, Inc…$83MMorse Operations, Inc. 401(k) Retirement Savings PlanMorse Operations, Inc. 401(k…$83M
End-of-year total assets ($M) among Formica Corporation 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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)

Sponsor-wide plan assets over time

All Formica Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$92M 36.87717192664389% vs 2022
2024 filing year
$60M$70M$80M$90M$100M 202220232024 $66.9M $91.5M ▲ +36.9%
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 ($B) Participants Formica Corporation 401(k) Retirement Savings Plan, Total assets ($B): 0.082791336 · Participants: 523Formica Corporation 401(k) Retirement Savings PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Formica Corporation 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Formica Corporation 401(k) Retirement Savings Plan side-by-side with 3 peers →

Formica Corporation 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) in KY ($83M); by covered participants it is Frontier Cooperative 401(k) Plan in IA (523 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (523 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 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).
Which 401(k) plans cover a similar participant headcount to Formica Corporation 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Frontier Cooperative 401(k) Plan in IA (523 participants, $48M 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 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.