The Oilgear Savings Plus Plan
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
Sponsored by The Oilgear Company · Michigan · Manufacturing
What the 2023 filing shows
The Oilgear Savings Plus Plan holds N/A for 153 participants.
- N/A
- total plan assets (2023 EOY)
- 153
- covered participants
- $-131,266
- reported net income
The plan reported a net loss of $131K for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.
What the Filing Says About The Oilgear Savings Plus Plan
The Oilgear Savings Plus Plan is a 401(k) retirement plan sponsored by The Oilgear Company, headquartered in Michigan. As of the 2023 Form 5500 filing, the plan reports N/A in total end-of-year assets and covers 153 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 390514580, and the plan has been effective since 1970-06-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $19M at the beginning of 2023 to N/A at year-end. Net assets (after liabilities) closed the year at N/A, with reported net income of $-131,266 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $19M |
| Total Assets (End of Year) | N/A |
| Net Assets (End of Year) | N/A |
| Net Income | $-131,266 |
| Plan Type | 401(k) |
| Employer EIN | 390514580 |
| Plan Effective Date | 1970-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Oilgear Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 27 | $15M |
| 2023 | 2 | 180 | $15M |
| 2024 | 1 | 27 | $13M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans — same state, same plan type — ranked by total assets.
- 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
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195
- Stryker Corporation 401(k) Savings and Retirement Plan $6.6B · 24,750
- Whirlpool 401(k) Retirement Plan $3.3B · 19,575
Related Data
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Frequently Asked Questions
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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 390514580.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.