401(k) · DOL Form 5500 · 2023

Machine Specialties, Inc. 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
306
Participants Below avg headcount
67th
Percentile by assets National rank
$48,269
Avg per participant Low balance/head
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Official DOL plan name: Machine Specialties Inc 401(k) Profit Sharing Plan & Trust · Sponsored by Machine Specialties, Inc. · North Carolina · Manufacturing

$15M in assets, 306 participants

Machine Specialties, Inc.'s Machine Specialties Inc 401(k) Profit Sharing Plan & Trust reported $15M in total assets and 306 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.

  • #10,348 in Manufacturing (18,722 peers)

Coverage in North Carolina

Machine Specialties Inc 401(k) Profit Sharing Plan & Trust covers 306 participants in North Carolina, about 37% of the average North Carolina filer (state average ~819 per filing). Assets: $15M.

#10,348
in Manufacturing (18,722 peers)
+20.2%
assets growth YoY

Machine Specialties Inc 401(k) Profit Sharing Plan & Trust's outsized position by total assets

Machine Specialties Inc 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

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

$14,770,202 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

Machine Specialties Inc 401(k) Profit Sharing Plan & Trust 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. Machine Specialties Inc 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (306 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Machine Specialties Inc 401(k) Profit Sharing Plan & Trust reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Machine Specialties Inc 401(k) Profit Sharing Plan & Trust reported participants rose from 222 in the plan year 2022 filing to 306 in the plan year 2023 filing.
  • Machine Specialties Inc 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $12M in the plan year 2022 filing to $15M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 560939724 · Machine Specialties, Inc. PY 2023 · 401(k)

Machine Specialties Inc 401(k) Profit Sharing Plan & Trust · $15M · 306 · 67th

  • EIN $15M
  • RANK 306
  • PHOTO 67th
  • IND 401(k)
  • EOY near Hussong Manufacturing Co. Inc. 401(k) Profit-Sharing Plan
  • 5500 ind #10348

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 Manufacturing retirement plans → · Plans in North Carolina →

Machine Specialties Inc 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Machine Specialties Inc 401(k) Profit Sharing Plan & TrustMachine Specialties Inc 401(…$15MHussong Manufacturing Co. Inc. 401(k) Profit-Sharing PlanHussong Manufacturing Co. In…$15MFarmers Bank and Trust Company 401(k) Employee Stock Ownership PlanFarmers Bank and Trust Compa…$15MAce Industries, Inc. 401(k) Profit Sharing PlanAce Industries, Inc. 401(k) …$15MAspex, Inc. 401(k) Plan$15M
End-of-year total assets ($M) among Machine Specialties Inc 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$15M
Net Income$2M
Employer EIN560939724
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Machine Specialties, Inc.)

Sponsor-wide plan assets over time

All Machine Specialties, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$17M 35.23360452127111% vs 2022
2024 filing year
$10M$12M$14M$16M$18M 202220232024 $12.3M $16.6M ▲ +35.3%
Year Plans Participants Total Assets
2022 1 222 $12M
2023 1 306 $15M
2024 1 311 $17M

Nearby 401(k) Plans in North Carolina

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

Machine Specialties Inc 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Machine Specialties Inc 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.014770202 · Participants: 306Machine Specialties Inc 401(k) Profit Sharing Plan & TrustThe 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
Machine Specialties Inc 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Machine Specialties Inc 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Machine Specialties Inc 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Hussong Manufacturing Co. Inc. 401(k) Profit-Sharing Plan in MN ($15M); by covered participants it is Life Unlimited, Inc. 401(k) Plan in MO (306 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (306 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 Machine Specialties Inc 401(k) Profit Sharing Plan & Trust assets move in 2023? ▼
Machine Specialties Inc 401(k) Profit Sharing Plan & Trust grew sharply - up 20.2% during 2023, from $12M to $15M. Reported net income was $2M.
How have Machine Specialties, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Machine Specialties, Inc.'s sponsor-wide assets grew 35.2%, from $12M to $17M.
Which 401(k) plans are similar in size to Machine Specialties Inc 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Hussong Manufacturing Co. Inc. 401(k) Profit-Sharing Plan in MN ($15M, 150 participants).
Which 401(k) plans cover a similar participant headcount to Machine Specialties Inc 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Life Unlimited, Inc. 401(k) Plan in MO (306 participants, $3M 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 560939724.

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.