401(k) · DOL Form 5500 · 2023

Hoffman & Hoffman, Inc. 401(k) Plan

Data updated 2026-08-25

$263M
Total assets Near avg plan size
675
Participants Below avg headcount
96th
Percentile by assets National rank
$389,656
Avg per participant High balance/head
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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.

  • #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.

#19,688
in Professional & Technical Services (20,321 peers)
+23.8%
assets growth YoY
2.6×
vs typical plan assets (national mean)

Hoffman Hoffman Inc Employee Stock Ownership Plan's outsized position by total assets

Hoffman Hoffman Inc Employee Stock Ownership Plan vs every filed plan by assets

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

$263,018,030 Top 4% higher than 96% 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

Hoffman Hoffman Inc Employee Stock Ownership 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. Hoffman Hoffman Inc Employee Stock Ownership Plan sits mid-pack in the medium band (675 participants).

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.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 560667189 · Hoffman & Hoffman, Inc. PY 2023 · 401(k)

Hoffman Hoffman Inc Employee Stock Ownership Plan · $263M · 675 · 96th

  • SCH $263M
  • EBSA 675
  • PART 96th
  • TYPE 401(k)
  • NET near Metso Retirement Savings Plan
  • BOOK ind #19688

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 Professional & Technical Services retirement plans → · Plans in North Carolina →

Hoffman Hoffman Inc Employee Stock Ownership Plan in the asset neighbourhood

Brambles USA 401(k) Plan$263MMedimpact Healthcare Systems, Inc. 401(k) Salary Savings PlanMedimpact Healthcare Systems…$263MHoffman Hoffman Inc Employee Stock Ownership PlanHoffman Hoffman Inc Employee…$263MMetso Retirement Savings Plan$263MHypertherm, Inc. Retirement Savings PlanHypertherm, Inc. Retirement …$263M
End-of-year total assets ($M) among Hoffman Hoffman Inc Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$212M
Net Assets (End of Year)$249M
Net Income$52M
Employer EIN560667189
Plan Effective Date1966-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hoffman & Hoffman, Inc.)

Sponsor-wide plan assets over time

All Hoffman & Hoffman, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$406M 91.18528804567013% vs 2022
2024 filing year
$100M$200M$300M$400M$500M 202220232024 $212M $406M ▲ +91.2%
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 Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Hoffman Hoffman Inc Employee Stock Ownership Plan, Total assets ($B): 0.26301803 · Participants: 675Hoffman Hoffman Inc Employee Stock Ownership PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Hoffman Hoffman Inc Employee Stock Ownership Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Hoffman Hoffman Inc Employee Stock Ownership Plan side-by-side with 3 peers →

Hoffman Hoffman Inc Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Metso Retirement Savings Plan in WI ($263M); by covered participants it is Charles Komar & Sons, Inc. 401(k) Plan in NJ (675 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($263M here).

Similar participant headcount

Nearest other-state filings by covered participants (675 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 Hoffman Hoffman Inc Employee Stock Ownership Plan assets move in 2023? ▼
Hoffman Hoffman Inc Employee Stock Ownership Plan grew sharply - up 23.8% during 2023, from $212M to $263M. Reported net income was $52M.
How have Hoffman & Hoffman, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hoffman & Hoffman, Inc.'s sponsor-wide assets grew 91.2%, from $212M to $406M.
Where does Hoffman Hoffman Inc Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Hoffman Hoffman Inc Employee Stock Ownership Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Hoffman Hoffman Inc Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Metso Retirement Savings Plan in WI ($263M, 853 participants).
Which 401(k) plans cover a similar participant headcount to Hoffman Hoffman Inc Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Charles Komar & Sons, Inc. 401(k) Plan in NJ (675 participants, $83M 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 560667189.

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.