401(k) · DOL Form 5500 · 2024

Elevate Textiles, Inc. 401(k) Plan

Data updated 2026-08-25

$232M
Total assets Near avg plan size
2,323
Participants Above avg headcount
95th
Percentile by assets National rank
$99,768
Avg per participant Below avg balance/head
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Official DOL plan name: Elevate Textiles 401(k) Retirement Plan · Sponsored by Elevate Textiles, Inc. · North Carolina · Manufacturing

$232M in assets, 2,323 participants

Elevate Textiles, Inc.'s Elevate Textiles 401(k) Retirement Plan reported $232M in total assets and 2,323 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

  • #16,369 in Manufacturing (17,777 peers)

Coverage in North Carolina

Elevate Textiles 401(k) Retirement Plan covers 2,323 participants in North Carolina, 2.8x the typical North Carolina plan (state average ~819 per filing). Assets: $232M.

#16,369
in Manufacturing (17,777 peers)
+5.6%
assets growth YoY
2.3×
vs typical plan assets (national mean)

Elevate Textiles 401(k) Retirement Plan's outsized position by total assets

Elevate Textiles 401(k) Retirement Plan vs every filed plan by assets

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

$231,760,911 Top 5% higher than 95% 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

Elevate Textiles 401(k) Retirement Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Elevate Textiles 401(k) Retirement Plan lands in the large band (2,323 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Elevate Textiles 401(k) Retirement Plan reported net income fell from $18M in the plan year 2023 filing to $12M in the plan year 2024 filing.
  • Elevate Textiles 401(k) Retirement Plan reported participants fell from 2,560 in the plan year 2023 filing to 2,323 in the plan year 2024 filing.
  • Elevate Textiles 401(k) Retirement Plan end-of-year assets rose from $219M in the plan year 2023 filing to $232M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 330596831 · Elevate Textiles, Inc. PY 2024 · 401(k)

Elevate Textiles 401(k) Retirement Plan · $232M · 2,323 · 95th

  • IND $232M
  • IND 2,323
  • IND 95th
  • IND 401(k)
  • IND near Frankenmuth Insurance 401(k) Savings Plan
  • IND ind #16369

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 →

Elevate Textiles 401(k) Retirement Plan in the asset neighbourhood

Contract Employee Retirement Savings PlanContract Employee Retirement…$232MBest Western International, Inc. 401(k) Investment PlanBest Western International, …$232MYancey Bros. Employees' 401(k) Profit Sharing PlanYancey Bros. Employees' 401(…$232MFrankenmuth Insurance 401(k) Savings PlanFrankenmuth Insurance 401(k)…$232MElevate Textiles 401(k) Retirement PlanElevate Textiles 401(k) Reti…$232M
End-of-year total assets ($M) among Elevate Textiles 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$219M
Net Assets (End of Year)$232M
Net Income$12M
Employer EIN330596831
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Elevate Textiles, Inc.)

Sponsor-wide plan assets over time

All Elevate Textiles, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$235M 14.26546168504094% vs 2022
2024 filing year
$200M$210M$220M$230M$240M 202220232024 $205M $235M ▲ +14.3%
Year Plans Participants Total Assets
2022 2 2,636 $205M
2023 2 2,688 $223M
2024 2 2,423 $235M

Nearby 401(k) Plans in North Carolina

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

Elevate Textiles 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Elevate Textiles 401(k) Retirement Plan, Total assets ($B): 0.231760911 · Participants: 2323Elevate Textiles 401(k) Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) Savings Plan
Elevate Textiles 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Elevate Textiles 401(k) Retirement Plan side-by-side with 3 peers →

Elevate Textiles 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Frankenmuth Insurance 401(k) Savings Plan in MI ($232M); by covered participants it is Baylor Affiliated Services Retirement Savings Plan in TX (2,322 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,323 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 Elevate Textiles 401(k) Retirement Plan assets move in 2024? ▼
Elevate Textiles 401(k) Retirement Plan grew at a solid clip - up 5.6% during 2024, from $219M to $232M. Reported net income was $12M.
How have Elevate Textiles, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Elevate Textiles, Inc.'s sponsor-wide assets grew 14.3%, from $205M to $235M.
Where does Elevate Textiles 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Elevate Textiles 401(k) Retirement Plan ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Elevate Textiles 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Frankenmuth Insurance 401(k) Savings Plan in MI ($232M, 853 participants).
Which 401(k) plans cover a similar participant headcount to Elevate Textiles 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Baylor Affiliated Services Retirement Savings Plan in TX (2,322 participants, $236M 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 330596831.

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.