401(k) · DOL Form 5500 · 2023

Salem Tools, Inc. 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
91
Participants Small participant base
67th
Percentile by assets National rank
$160,365
Avg per participant Above avg balance/head
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Official DOL plan name: Salem Tools, Inc. 401(k) Plan · Sponsored by Salem Tools, Inc. · Virginia · Wholesale Trade

$15M in assets, 91 participants

Salem Tools, Inc.'s Salem Tools, Inc. 401(k) Plan reported $15M in total assets and 91 participants in its 2023 DOL Form 5500 filing, ranking in the 67th 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.

  • #3,845 in Wholesale Trade (6,309 peers)

Salem Tools, Inc. multi-year trail

Salem Tools, Inc.'s plans moved +15.2% in assets from 2022 to 2024; this filing shows Salem Tools, Inc. 401(k) Plan at $15M / 91 participants.

#3,845
in Wholesale Trade (6,309 peers)
+10.8%
assets growth YoY

Salem Tools, Inc. 401(k) Plan's outsized position by total assets

Salem Tools, Inc. 401(k) Plan vs every filed plan by assets

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

$14,593,239 Top 33% higher than 67% 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

Salem Tools, Inc. 401(k) Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Salem Tools, Inc. 401(k) Plan is a small filing (91 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Salem Tools, Inc. 401(k) Plan reported net income rose from -$864K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Salem Tools, Inc. 401(k) Plan end-of-year assets rose from $13M in the plan year 2022 filing to $15M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 540885549 · Salem Tools, Inc. PY 2023 · 401(k)

Salem Tools, Inc. 401(k) Plan · $15M · 91 · 67th

  • PHOTO $15M
  • PHOTO 91
  • PHOTO 67th
  • PHOTO 401(k)
  • PHOTO near Flex Pack Employee Savings Plan
  • PHOTO ind #3845

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 →

Salem Tools, Inc. 401(k) Plan in the asset neighbourhood

Salem Tools, Inc. 401(k) Plan$15MFlex Pack Employee Savings PlanFlex Pack Employee Savings P…$15MKbp Brands 401(k) Plan$15MCoffman Specialities, Inc 401(k) Profit Sharing PlanCoffman Specialities, Inc 40…$15MCarton Service Csi, LLC 401(k) PlanCarton Service Csi, LLC 401(…$15M
End-of-year total assets ($M) among Salem Tools, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Salem Tools, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Salem Tools, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 15.187400109425841% vs 2022
2024 filing year
$12M$13M$14M$15M$16M 202220232024 $13.2M $15.2M ▲ +15.2%
Year Plans Participants Total Assets
2022 1 91 $13M
2023 1 91 $15M
2024 1 76 $15M

Salem Tools, Inc. filing trail (2023)

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$15M
Net Income$1M
Employer EIN540885549
Plan Effective Date1987-04-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Virginia

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

Salem Tools, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Salem Tools, Inc. 401(k) Plan, Total assets ($B): 0.014593239 · Participants: 91Salem Tools, Inc. 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Salem Tools, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Salem Tools, Inc. 401(k) Plan side-by-side with 3 peers →

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

Outside Virginia, the nearest 401(k) by assets is Flex Pack Employee Savings Plan in IL ($15M); by covered participants it is Techaspect 401(k) Plan in CA (91 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($15M here).

Similar participant headcount

Nearest other-state filings by covered participants (91 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 Salem Tools, Inc. 401(k) Plan assets move in 2023? ▼
Salem Tools, Inc. 401(k) Plan grew at a solid clip - up 10.8% during 2023, from $13M to $15M. Reported net income was $1M.
How have Salem Tools, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Salem Tools, Inc.'s sponsor-wide assets grew 15.2%, from $13M to $15M.
Which 401(k) plans are similar in size to Salem Tools, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Flex Pack Employee Savings Plan in IL ($15M, 291 participants).
Which 401(k) plans cover a similar participant headcount to Salem Tools, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Techaspect 401(k) Plan in CA (91 participants, N/A 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 540885549.

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.