401(k) · DOL Form 5500 · 2024

Preferred Companies 401(k) Plan

Data updated 2026-08-25

$1M
Total assets Small plan by assets
124
Participants Small participant base
26th
Percentile by assets National rank
$11,674
Avg per participant Low balance/head
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Official DOL plan name: Preferred Companies 401(k) Plan · Sponsored by Preferred Companies · Michigan · Manufacturing

$1M in assets, 124 participants

Preferred Companies's Preferred Companies 401(k) Plan reported $1M in total assets and 124 participants in its 2024 DOL Form 5500 filing, ranking in the 26th 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.

  • #2,077 in Manufacturing (17,777 peers)

Coverage in Michigan

Preferred Companies 401(k) Plan covers 124 participants in Michigan, about 19% of the average Michigan filer (state average ~638 per filing). Assets: $1M.

#2,077
in Manufacturing (17,777 peers)
+29.8%
assets growth YoY

Preferred Companies 401(k) Plan among the smaller filed plans by assets

Preferred Companies 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,447,595 26th percentile higher than 26% of 123,620 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 2024

Preferred Companies 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Preferred Companies 401(k) Plan sits mid-pack in the medium band (124 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Preferred Companies 401(k) Plan reported net income fell from $501K in the plan year 2023 filing to $332K in the plan year 2024 filing.
  • Preferred Companies 401(k) Plan end-of-year assets rose from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Preferred Companies 401(k) Plan reported participants rose from 122 in the plan year 2023 filing to 124 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 854220981 · Preferred Companies PY 2024 · 401(k)

Preferred Companies 401(k) Plan · $1M · 124 · 26th

  • VS-ST $1M
  • VS-ST 124
  • VS-ST 26th
  • VS-ST 401(k)
  • VS-ST near Ampersand Adventures, Inc. 401(k) Plan
  • VS-ST ind #2077

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 Michigan →

Preferred Companies 401(k) Plan in the asset neighbourhood

Preferred Companies 401(k) PlanPreferred Companies 401(k) P…$1MAmpersand Adventures, Inc. 401(k) PlanAmpersand Adventures, Inc. 4…$1MMax Solutions 401(k) Plan$1MR+H Pep for Dentists 401(k) PlanR+H Pep for Dentists 401(k) …$1MS3 Spex, Inc. Retirement Plan$1M
End-of-year total assets ($M) among Preferred Companies 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$1M
Net Income$332K
Employer EIN854220981
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Preferred Companies)

Sponsor-wide plan assets over time

All Preferred Companies plans reported in each filing year

Latest sponsor-wide plan assets
$1M 135.6683180002963% vs 2022
2024 filing year
$0.5M$1M$1.5M$2M 202220232024 $0.61M $1.45M ▲ +137.7%
Year Plans Participants Total Assets
2022 1 121 $614K
2023 1 122 $1M
2024 1 124 $1M

Nearby 401(k) Plans in Michigan

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

Preferred Companies 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Preferred Companies 401(k) Plan, Total assets ($B): 0.001447595 · Participants: 124Preferred Companies 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Preferred Companies 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Preferred Companies 401(k) Plan side-by-side with 3 peers →

Preferred Companies 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Ampersand Adventures, Inc. 401(k) Plan in NJ ($1M); by covered participants it is General Aviation Flying Services, Inc. 401(k) Plan in NJ (124 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1M here).

Similar participant headcount

Nearest other-state filings by covered participants (124 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Preferred Companies 401(k) Plan assets move in 2024? ▼
Preferred Companies 401(k) Plan grew sharply - up 29.8% during 2024, from $1M to $1M. Reported net income was $332K.
How have Preferred Companies plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Preferred Companies's sponsor-wide assets grew 135.7%, from $614K to $1M.
Which 401(k) plans are similar in size to Preferred Companies 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ampersand Adventures, Inc. 401(k) Plan in NJ ($1M, 4 participants).
Which 401(k) plans cover a similar participant headcount to Preferred Companies 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is General Aviation Flying Services, Inc. 401(k) Plan in NJ (124 participants, N/A in assets).

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 854220981.

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.