401(k) · DOL Form 5500 · 2023

N.B. Handy Company, Inc. 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets: 431
Participants Below avg headcount: 75th
Percentile by assets National rank: $51,640
Avg per participant Low balance/head

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Official DOL plan name: The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc · Sponsored by N.B. Handy Company, Inc. · Virginia · Wholesale Trade

$22M in assets, 431 participants

N.B. Handy Company, Inc.'s The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc reported $22M in total assets and 431 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

#4,549 in Wholesale Trade (6,309 peers)

Where The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc sits by assets

The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc sits in the top quartile of all filed plans by assets, $22M for 431 participants (~$51,640/participant), up 13.1% in 2023.

#4,549
in Wholesale Trade (6,309 peers): +13.1%
assets growth YoY: 0.2×
vs typical plan assets (national mean)

The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc's outsized position by total assets

The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc vs every filed plan by assets

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

$22,256,728 Top 25% higher than 75% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc 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. The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc sits mid-pack in the medium band (431 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc reported net income rose from -$5M in the plan year 2022 filing to $3M in the plan year 2023 filing.
The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc reported participants rose from 369 in the plan year 2022 filing to 431 in the plan year 2023 filing.
The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc end-of-year assets rose from $20M in the plan year 2022 filing to $22M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 540238570 · N.B. Handy Company, Inc. PY 2023 · 401(k)

The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc · $22M · 431 · 75th

PHOTO $22M
PHOTO 431
PHOTO 75th
PHOTO 401(k)
PHOTO near Central Supply Company, Inc. Employees' Retirement Plan
PHOTO ind #4549

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 Wholesale Trade retirement plans → · Plans in Virginia →

End-of-year total assets ($M) among The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$20M
Net Assets (End of Year)	$22M
Net Income	$3M
Employer EIN	540238570
Plan Effective Date	1989-02-01
Filing Status	FILING RECEIVED

Sponsor Plan History (N.B. Handy Company, Inc.)

Latest sponsor-wide plan assets: $22M 13.123054808096086% vs 2022; 2023 filing year

Year	Plans	Participants	Total Assets
2022	1	369	$20M
2023	1	431	$22M

Nearby 401(k) Plans in Virginia

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

The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc vs. nearby 401(k) plans in Virginia, assets vs. participants

Northrop Grumman Savings Plan $36.2B · 97,987
401(k) Pension Plan $15.0B · 62,467
General Dynamics Corporation 401(k) Plan 6.0 $11.2B · 48,860
Leidos, Inc. Retirement Plan $10.6B · 27,043
Bae Systems Employees' Savings and Investment Plan $9.4B · 31,681

Compare The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc side-by-side with 3 peers →

The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Central Supply Company, Inc. Employees' Retirement Plan in IN ($22M); by covered participants it is Freeport Lng 401(k) Plan in TX (431 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($22M here).

Central Supply Company, Inc. Employees' Retirement Plan (IN) $22M · 186
Shelton Holdings, LLC 401-K Plan (HI) $22M · 199
Rrm Design Group Retirement Plan (CA) $22M · 168
Kellogg Supply, Inc. 401(k) Plan (CA) $22M · 202

Similar participant headcount

Nearest other-state filings by covered participants (431 participants); asset peers above are excluded.

Freeport Lng 401(k) Plan (TX) 431 · 0 off
Sierra Lobo, Inc. 401(k) Plan (OH) 431 · 0 off
Pine Bluff Sand and Gravel Company Retirement Savings Plan (AR) 431 · 0 off
Peak Technical Services, Inc. 401(k) Plan (PA) 431 · 0 off

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 The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc assets move in 2023? ▼

The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc grew at a solid clip - up 13.1% during 2023, from $20M to $22M. Reported net income was $3M.

How have N.B. Handy Company, Inc. plan assets changed over time? ▼

Across 2 plan years on file (2022-2023), N.B. Handy Company, Inc.'s sponsor-wide assets grew 13.1%, from $20M to $22M.

Where does The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc rank by assets among Form 5500 filers? ▼

The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc ranks in the 75th 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 The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc? ▼

Among 401(k) plans in other states, the closest by assets is Central Supply Company, Inc. Employees' Retirement Plan in IN ($22M, 186 participants).

Which 401(k) plans cover a similar participant headcount to The Salary Reduction Thrift Plan for Employees of N. B. Handy Company, Inc? ▼

Among 401(k) plans in other states, the closest by covered participants is Freeport Lng 401(k) Plan in TX (431 participants, $94M 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 540238570.