401(k) · DOL Form 5500 · 2023
Hoffman & Hoffman, Inc. 401(k) Plan
Data updated 2026-08-11
- $263M
- Total assets
- 675
- Participants
- 96th
- Percentile by assets
- $389,656
- Avg per participant
Official DOL plan name: Hoffman Hoffman Inc Employee Stock Ownership Plan · Sponsored by Hoffman & Hoffman, Inc. · North Carolina · Professional & Technical Services
$263M in assets, 675 participants
Hoffman & Hoffman, Inc.'s Hoffman Hoffman Inc Employee Stock Ownership Plan reported $263M in total assets and 675 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 127,072 plans)
- #19,688 in Professional & Technical Services (20,321 peers)
Where Hoffman Hoffman Inc Employee Stock Ownership Plan sits by assets
Hoffman Hoffman Inc Employee Stock Ownership Plan sits in the top 5% of all filed plans by assets, $263M for 675 participants (~$389,656/participant), up 23.8% in 2023.
- $263M
- total plan assets (2023 EOY)
- 675
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $389,656
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Hoffman Hoffman Inc Employee Stock Ownership Plan reported net income rose from -$4M in the plan year 2022 filing to $52M in the plan year 2023 filing.
- Hoffman Hoffman Inc Employee Stock Ownership Plan end-of-year assets rose from $212M in the plan year 2022 filing to $263M in the plan year 2023 filing.
- Hoffman Hoffman Inc Employee Stock Ownership Plan reported participants rose from 579 in the plan year 2022 filing to 675 in the plan year 2023 filing.
Hoffman Hoffman Inc Employee Stock Ownership Plan vs the 2023 asset distribution
By assets, Hoffman Hoffman Inc Employee Stock Ownership Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $212M |
|---|---|
| Net Assets (End of Year) | $249M |
| Net Income | $52M |
| Employer EIN | 560667189 |
| Plan Effective Date | 1966-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Hoffman & Hoffman, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 579 | $212M |
| 2023 | 1 | 675 | $263M |
| 2024 | 1 | 826 | $406M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Hoffman Hoffman Inc Employee Stock Ownership Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
- The Bank of America 401(k) Plan $54.8B · 173,899
- Honeywell 401(k) Plan $15.4B · 40,004
- Duke Energy Retirement Savings Plan $10.4B · 28,121
- Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
- Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Hoffman Hoffman Inc Employee Stock Ownership Plan by total assets, not by location.
- Metso Retirement Savings Plan (WI) $263M · 853
- Medimpact Healthcare Systems, Inc. 401(k) Salary Savings Plan (CA) $263M · 1,553
- Brambles USA 401(k) Plan (FL) $263M · 3,568
- Hypertherm, Inc. Retirement Savings Plan (NH) $263M · 1,624
Frequently Asked Questions
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Next read for Hoffman Hoffman Inc Employee Stock Owner…
Scale reading
Ways to act on Hoffman Hoffman Inc Employee Stock Ownership Plan's numbers.
- By total assets, Hoffman Hoffman Inc Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
- Hoffman & Hoffman, Inc.'s sponsor-wide assets have grown 91.2% since 2022 across 3 plan years on file. More Professional & Technical Services plans