401(k) · DOL Form 5500 · 2024

Michelsen Packaging Company 401(k) Plan

Data updated 2026-08-25

$70M
Total assets Below avg plan size
163
Participants Small participant base
88th
Percentile by assets National rank
$430,340
Avg per participant High balance/head
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Official DOL plan name: Michelsen Packaging Company 401(k) Plan · Sponsored by Michelsen Packaging Company · Washington · Manufacturing

$70M in assets, 163 participants

Michelsen Packaging Company's Michelsen Packaging Company 401(k) Plan reported $70M in total assets and 163 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.

  • #14,563 in Manufacturing (17,777 peers)

Coverage in Washington

Michelsen Packaging Company 401(k) Plan covers 163 participants in Washington, about 11% of the average Washington filer (state average ~1,476 per filing). Assets: $70M.

#14,563
in Manufacturing (17,777 peers)
-3.1%
assets change YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Michelsen Packaging Company 401(k) Plan's outsized position by total assets

Michelsen Packaging Company 401(k) Plan vs every filed plan by assets

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

$70,145,492 Top 12% higher than 88% 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

Michelsen Packaging Company 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. Michelsen Packaging Company 401(k) Plan sits mid-pack in the medium band (163 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Michelsen Packaging Company 401(k) Plan reported net income fell from $7M in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • Michelsen Packaging Company 401(k) Plan reported participants fell from 169 in the plan year 2023 filing to 163 in the plan year 2024 filing.
  • Michelsen Packaging Company 401(k) Plan end-of-year assets fell from $72M in the plan year 2023 filing to $70M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 910598777 · Michelsen Packaging Company PY 2024 · 401(k)

Michelsen Packaging Company 401(k) Plan · $70M · 163 · 88th

  • VS-ST $70M
  • VS-ST 163
  • VS-ST 88th
  • VS-ST 401(k)
  • VS-ST near Abelson-Taylor, Inc. Profit Sharing Plan
  • VS-ST ind #14563

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 Washington →

Michelsen Packaging Company 401(k) Plan in the asset neighbourhood

Contitech USA, Inc. Bargaining Unit Employees Retirement PlanContitech USA, Inc. Bargaini…$70MKls Martin L.P. 401(k) Salary Reduction Plan & TrustKls Martin L.P. 401(k) Salar…$70MMichelsen Packaging Company 401(k) PlanMichelsen Packaging Company …$70MAbelson-Taylor, Inc. Profit Sharing PlanAbelson-Taylor, Inc. Profit …$70MChaney Enterprises Companies 401(k) Profit Sharing PlanChaney Enterprises Companies…$70M
End-of-year total assets ($M) among Michelsen Packaging Company 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Washington filing particulars

Total Assets (Beginning of Year)$72M
Net Assets (End of Year)$70M
Net Income-$2M
Employer EIN910598777
Plan Effective Date1969-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Michelsen Packaging Company)

Sponsor-wide plan assets over time

All Michelsen Packaging Company plans reported in each filing year

Latest sponsor-wide plan assets
$70M 7.405482995754248% vs 2022
2024 filing year
$60M$65M$70M$75M 202220232024 $65.3M $70.2M ▲ +7.4%
Year Plans Participants Total Assets
2022 1 177 $65M
2023 1 169 $72M
2024 1 163 $70M

Nearby 401(k) Plans in Washington

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

Michelsen Packaging Company 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. -500000050000010000001500000 -20020406080 Total assets ($B) Participants Michelsen Packaging Company 401(k) Plan, Total assets ($B): 0.070145492 · Participants: 163Michelsen Packaging Company 401(k) PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 73.910477714 · Participants: 139394The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 65.646011638 · Participants: 118818Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 41.017392708 · Participants: 202468Costco 401(k) Retirement PlanAmazon 401(k) Plan, Total assets ($B): 34.593744657 · Participants: 1209303Amazon 401(k) Plan401(k) Savings Plan, Total assets ($B): 10.074085187 · Participants: 86668401(k) Savings Plan
Michelsen Packaging Company 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants
Compare Michelsen Packaging Company 401(k) Plan side-by-side with 3 peers →

Michelsen Packaging Company 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Washington, the nearest 401(k) by assets is Abelson-Taylor, Inc. Profit Sharing Plan in IL ($70M); by covered participants it is Kessler's, Inc. 401(k) Retirement Plan in SD (163 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (163 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 Michelsen Packaging Company 401(k) Plan assets move in 2024? ▼
Michelsen Packaging Company 401(k) Plan edged down modestly - down 3.1% during 2024, from $72M to $70M. Reported net income was -$2M.
How have Michelsen Packaging Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Michelsen Packaging Company's sponsor-wide assets grew 7.4%, from $65M to $70M.
Where does Michelsen Packaging Company 401(k) Plan rank by assets among Form 5500 filers? ▼
Michelsen Packaging Company 401(k) Plan ranks in the 88th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Michelsen Packaging Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Abelson-Taylor, Inc. Profit Sharing Plan in IL ($70M, 290 participants).
Which 401(k) plans cover a similar participant headcount to Michelsen Packaging Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kessler's, Inc. 401(k) Retirement Plan in SD (163 participants, $4M 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 910598777.

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.