Profit Sharing · DOL Form 5500 · 2023

Hobbs Iron & Metal Co., Inc. Profit Sharing Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
58
Participants Small participant base
40th
Percentile by assets National rank
$67,639
Avg per participant Below avg balance/head
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Official DOL plan name: Hobbs Iron & Metal Co., Inc. Proft Sharing Plan · Sponsored by Hobbs Iron & Metal Co., Inc. · New Mexico · Wholesale Trade

$4M in assets, 58 participants

Hobbs Iron & Metal Co., Inc.'s Hobbs Iron & Metal Co., Inc. Proft Sharing Plan reported $4M in total assets and 58 participants in its 2023 DOL Form 5500 filing, ranking in the 40th 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.

  • #1,837 in Wholesale Trade (6,309 peers)

What the 2023 filing shows

Hobbs Iron & Metal Co., Inc. Proft Sharing Plan holds $4M for 58 participants - about $67,639 per participant, in the lower half of filed plans by assets.

#1,837
in Wholesale Trade (6,309 peers)
-3.8%
assets change YoY

The plan reported a net loss of $157K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Hobbs Iron & Metal Co., Inc. Proft Sharing Plan's mid-pack asset rank among Wholesale Trade and all filers

Hobbs Iron & Metal Co., Inc. Proft Sharing Plan vs every filed plan by assets

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

$3,923,078 40th percentile higher than 40% 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

Hobbs Iron & Metal Co., Inc. Proft Sharing 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. Hobbs Iron & Metal Co., Inc. Proft Sharing Plan is a small filing (58 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Hobbs Iron & Metal Co., Inc. Proft Sharing Plan reported net income fell from $21K in the plan year 2022 filing to -$157K in the plan year 2023 filing.
  • Hobbs Iron & Metal Co., Inc. Proft Sharing Plan reported participants rose from 55 in the plan year 2022 filing to 58 in the plan year 2023 filing.
  • Hobbs Iron & Metal Co., Inc. Proft Sharing Plan end-of-year assets fell from $4M in the plan year 2022 filing to $4M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 850263872 · Hobbs Iron & Metal Co., Inc. PY 2023 · Profit Sharing

Hobbs Iron & Metal Co., Inc. Proft Sharing Plan · $4M · 58 · 40th

  • TYPE $4M
  • TYPE 58
  • TYPE 40th
  • TYPE Profit Sharing
  • TYPE near Ingersoll and Bloch Chartered Employees Psp
  • TYPE ind #1837

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 New Mexico →

Hobbs Iron & Metal Co., Inc. Proft Sharing Plan in the asset neighbourhood

Hobbs Iron & Metal Co., Inc. Proft Sharing PlanHobbs Iron & Metal Co., Inc.…$4MIngersoll and Bloch Chartered Employees PspIngersoll and Bloch Chartere…$4MRandall S. Honda, D.D.S. Inc. Profit Sharing PlanRandall S. Honda, D.D.S. Inc…$4MChild & Family Agency of Southeastern Connecticut 403(b) PlanChild & Family Agency of Sou…$4MThe Callan Company Inc Profit Sharing PlanThe Callan Company Inc Profi…$4M
End-of-year total assets ($M) among Hobbs Iron & Metal Co., Inc. Proft Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$4M
Net Income-$157K
Employer EIN850263872
Plan Effective Date1984-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hobbs Iron & Metal Co., Inc.)

Sponsor-wide plan assets over time

All Hobbs Iron & Metal Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4M 3.84252154553835% vs 2022
2023 filing year
$3.9M$3.95M$4M$4.05M$4.1M 20222023 $4.08M $3.92M ▼ -3.9%
Year Plans Participants Total Assets
2022 1 55 $4M
2023 1 58 $4M

Nearby Profit Sharing Plans in New Mexico

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Hobbs Iron & Metal Co., Inc. Proft Sharing Plan vs. nearby Profit Sharing plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -1000100200300400500 Total assets ($M) Participants Hobbs Iron & Metal Co., Inc. Proft Sharing Plan, Total assets ($M): 3.923078 · Participants: 58Hobbs Iron & Metal Co., Inc. Proft Sharing PlanPresbyterian Healthcare Services 401(a) Plan, Total assets ($M): 455.354701 · Participants: 11386Presbyterian Healthcare Services 401(a) PlanPresbyterian Medical Services Discretionary Contribution Plan, Total assets ($M): 34.609608 · Participants: 1015Presbyterian Medical Services Discretionary Contribution PlanSanta Fe Preparatory School DC Retirement Plan, Total assets ($M): 16.323015 · Participants: 132Santa Fe Preparatory School DC Retirement PlanT & R Market Profit Sharing Plan, Total assets ($M): 12.807644 · Participants: 97T & R Market Profit Sharing PlanMedinatura, Inc. Retirement Plan, Total assets ($M): 10.579326 · Participants: 37Medinatura, Inc. Retirement Plan
Hobbs Iron & Metal Co., Inc. Proft Sharing Plan vs. nearby Profit Sharing plans in New Mexico, assets vs. participants
Compare Hobbs Iron & Metal Co., Inc. Proft Sharing Plan side-by-side with 3 peers →

Hobbs Iron & Metal Co., Inc. Proft Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside New Mexico, the nearest Profit Sharing by assets is Ingersoll and Bloch Chartered Employees Psp in VA ($4M); by covered participants it is Kirkland Inc. Retirement Plan in NV (58 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (58 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 Hobbs Iron & Metal Co., Inc. Proft Sharing Plan assets move in 2023? ▼
Hobbs Iron & Metal Co., Inc. Proft Sharing Plan edged down modestly - down 3.8% during 2023, from $4M to $4M. Reported net income was -$157K.
How have Hobbs Iron & Metal Co., Inc. plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Hobbs Iron & Metal Co., Inc.'s sponsor-wide assets declined 3.8%, from $4M to $4M.
Which Profit Sharing plans are similar in size to Hobbs Iron & Metal Co., Inc. Proft Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Ingersoll and Bloch Chartered Employees Psp in VA ($4M, 1 participant).
Which Profit Sharing plans cover a similar participant headcount to Hobbs Iron & Metal Co., Inc. Proft Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Kirkland Inc. Retirement Plan in NV (58 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 850263872.

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.