401(k) · DOL Form 5500 · 2024
Hafendorfer Machine, Inc. Employee Stock Ownership Plan
Data updated 2026-05-15
- $7K
- Total assets
- 37
- Participants
- 1th
- Percentile by assets
- $195
- Avg per participant
Sponsored by Hafendorfer Machine Inc · Kentucky · Manufacturing
What the 2024 filing shows
Hafendorfer Machine, Inc. Employee Stock Ownership Plan holds $7K for 37 participants - about $195 per participant, among the smaller plans by assets on file, down 85.7% over the 2024 plan year.
- $7K
- total plan assets (2024 EOY)
- 37
- covered participants
- 1th
- percentile by assets (of 116,472 plans)
- $195
- avg assets per participant
401(k) · DOL Form 5500 · 2024
What the Filing Says About Hafendorfer Machine, Inc. Employee Stock Ownership Plan
Hafendorfer Machine, Inc. Employee Stock Ownership Plan is a 401(k) retirement plan sponsored by Hafendorfer Machine Inc, headquartered in Kentucky. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $7K in total end-of-year assets and covers 37 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 611270777, and the plan has been effective since 2022-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets contracted severely from $50K at the beginning of 2024 to $7K at year-end - down 85.7%. Net assets (after liabilities) closed the year at -$4M, with reported net income of $45K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Across the 3 plan years Hafendorfer Machine Inc has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $1M to $7K, a decline of 99.4%, while reported participants moved from 50 to 37 (-26.0%). The strongest year on file by total sponsor assets was 2022 at $1M; the softest was 2024 at $7K. Year-by-year, sponsor-wide filings show: 2022 - $1M in assets across 1 plan covering 50 participants; 2023 - $50K in assets across 1 plan covering 40 participants; 2024 - $7K in assets across 1 plan covering 37 participants.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank Hafendorfer Machine, Inc. Employee Stock Ownership Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.
Financial Summary (2024)
| Total Assets (Beginning of Year) | $50K |
|---|---|
| Total Assets (End of Year) | $7K |
| Net Assets (End of Year) | -$4M |
| Net Income | $45K |
| Plan Type | 401(k) |
| Employer EIN | 611270777 |
| Plan Effective Date | 2022-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Hafendorfer Machine Inc)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 50 | $1M |
| 2023 | 1 | 40 | $50K |
| 2024 | 1 | 37 | $7K |
Nearby 401(k) Plans in Kentucky
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Commonspirit Health 401(k) Retirement Savings Plan $8.8B · 90,345
- Humana Retirement Savings Plan $7.7B · 45,706
- Commonspirit Health ERISA 403(b) Plan $2.9B · 29,259
- Scionhealth 401(k) Plan $1.3B · 23,753
- Lexmark Savings Plan $1.2B · 1,919
Frequently Asked Questions
How much money is in the Hafendorfer Machine, Inc. Employee Stock Ownership Plan? ▼
What type of plan is Hafendorfer Machine, Inc. Employee Stock Ownership Plan? ▼
Who sponsors the Hafendorfer Machine, Inc. Employee Stock Ownership Plan? ▼
How did Hafendorfer Machine, Inc. Employee Stock Ownership Plan perform in 2024? ▼
What this filing means
Ways to act on Hafendorfer Machine, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Hafendorfer Machine, Inc. Employee Stock Ownership Plan ranks among the smaller plans by assets on file. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Kentucky. Compare plans
- Hafendorfer Machine Inc's sponsor-wide assets have declined 99.4% since 2022 across 3 plan years on file. More Manufacturing plans
- A 401(k) plan works differently from other retirement plan types, understand the structural differences before comparing. Compare plan types
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 611270777.
Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainRetire is rendered directly from the Department of Labor's Form 5500 annual return filings, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.