401(k) · DOL Form 5500 · 2024
Elevate Textiles, Inc. 401(k) Plan
Data updated 2026-08-11
- $232M
- Total assets
- 2,323
- Participants
- 95th
- Percentile by assets
- $99,768
- Avg per participant
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.
- 95th percentile by assets (of 123,622 plans)
- #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.
- $232M
- total plan assets (2024 EOY)
- 2,323
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $99,768
- avg assets per participant
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Elevate Textiles 401(k) Retirement Plan reports 2,323 participants - 2.8x that state average ($232M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $219M |
|---|---|
| Net Assets (End of Year) | $232M |
| Net Income | $12M |
| Employer EIN | 330596831 |
| Plan Effective Date | 2005-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Elevate Textiles, Inc.)
| 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
- The Bank of America 401(k) Plan $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Elevate Textiles 401(k) Retirement Plan by total assets, not by location.
- Frankenmuth Insurance 401(k) Savings Plan (MI) $232M · 853
- Yancey Bros. Employees' 401(k) Profit Sharing Plan (GA) $232M · 1,833
- Best Western International, Inc. 401(k) Investment Plan (AZ) $232M · 1,376
- Contract Employee Retirement Savings Plan (VA) $232M · 16,230
Frequently Asked Questions
How did Elevate Textiles 401(k) Retirement Plan assets move in 2024? ▼
How have Elevate Textiles, Inc. plan assets changed over time? ▼
Where does Elevate Textiles 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Elevate Textiles 401(k) Retirement Plan? ▼
Next read for Elevate Textiles 401(k) Retirement Plan
Filing takeaways
Ways to act on Elevate Textiles 401(k) Retirement Plan's numbers.
- By total assets, Elevate Textiles 401(k) Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
- Elevate Textiles, Inc.'s sponsor-wide assets have grown 14.3% since 2022 across 3 plan years on file. More Manufacturing plans