401(k) · DOL Form 5500 · 2023

Thermon, Inc. 401(k) Plan

Data updated 2026-08-25

$58M
Total assets Below avg plan size
480
Participants Below avg headcount
87th
Percentile by assets National rank
$119,957
Avg per participant Near avg balance/head
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Official DOL plan name: Thermon Inc. 401(k) Plan · Sponsored by Thermon, Inc. · Texas · Manufacturing

$58M in assets, 480 participants

Thermon, Inc.'s Thermon Inc. 401(k) Plan reported $58M in total assets and 480 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #15,148 in Manufacturing (18,722 peers)

Where Thermon Inc. 401(k) Plan sits by assets

Thermon Inc. 401(k) Plan sits in the top quartile of all filed plans by assets, $58M for 480 participants (~$119,957/participant), up 26.7% in 2023.

#15,148
in Manufacturing (18,722 peers)
+26.7%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Thermon Inc. 401(k) Plan's outsized position by total assets

Thermon Inc. 401(k) Plan vs every filed plan by assets

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

$57,579,542 Top 13% higher than 87% 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

Thermon Inc. 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. Thermon Inc. 401(k) Plan sits mid-pack in the medium band (480 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Thermon Inc. 401(k) Plan reported net income rose from -$10M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Thermon Inc. 401(k) Plan end-of-year assets rose from $45M in the plan year 2022 filing to $58M in the plan year 2023 filing.
  • Thermon Inc. 401(k) Plan reported participants rose from 450 in the plan year 2022 filing to 480 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 742246799 · Thermon, Inc. PY 2023 · 401(k)

Thermon Inc. 401(k) Plan · $58M · 480 · 87th

  • 5500 $58M
  • 5500 480
  • 5500 87th
  • 5500 401(k)
  • 5500 near Southern Bank 401(k) Retirement Plan
  • 5500 ind #15148

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 Texas →

Thermon Inc. 401(k) Plan in the asset neighbourhood

Deans & Homer 401(k) and Profit Sharing PlanDeans & Homer 401(k) and Pro…$58MThermon Inc. 401(k) Plan$58MSouthern Bank 401(k) Retirement PlanSouthern Bank 401(k) Retirem…$58MCzarnowski Display Service, Inc. 401(k) PlanCzarnowski Display Service, …$58MHertz Associates Ltd. Profit Sharing PlanHertz Associates Ltd. Profit…$58M
End-of-year total assets ($M) among Thermon Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$58M
Net Income$12M
Employer EIN742246799
Plan Effective Date1985-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Thermon, Inc.)

Sponsor-wide plan assets over time

All Thermon, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$58M 26.714841429903192% vs 2022
2023 filing year
$40M$45M$50M$55M$60M 20222023 $45.4M $57.6M ▲ +26.7%
Year Plans Participants Total Assets
2022 1 450 $45M
2023 1 480 $58M

Nearby 401(k) Plans in Texas

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

Thermon Inc. 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Thermon Inc. 401(k) Plan, Total assets ($B): 0.057579542 · Participants: 480Thermon Inc. 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell Inc. 401(k) Plan
Thermon Inc. 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Thermon Inc. 401(k) Plan side-by-side with 3 peers →

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

Outside Texas, the nearest 401(k) by assets is Southern Bank 401(k) Retirement Plan in MO ($58M); by covered participants it is Bethany Lutheran Homes 401(k) Plan in WI (480 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($58M here).

Similar participant headcount

Nearest other-state filings by covered participants (480 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 Thermon Inc. 401(k) Plan assets move in 2023? ▼
Thermon Inc. 401(k) Plan grew sharply - up 26.7% during 2023, from $45M to $58M. Reported net income was $12M.
How have Thermon, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Thermon, Inc.'s sponsor-wide assets grew 26.7%, from $45M to $58M.
Where does Thermon Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Thermon Inc. 401(k) Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Thermon Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Southern Bank 401(k) Retirement Plan in MO ($58M, 533 participants).
Which 401(k) plans cover a similar participant headcount to Thermon Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bethany Lutheran Homes 401(k) Plan in WI (480 participants, $10M 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 742246799.

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.