401(k) · DOL Form 5500 · 2024

Salem One, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
111
Participants Small participant base
58th
Percentile by assets National rank
$98,224
Avg per participant Below avg balance/head
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Official DOL plan name: Salem One, Inc. Employees Savings Trust · Sponsored by Salem One, Inc. · North Carolina · Manufacturing

$11M in assets, 111 participants

Salem One, Inc.'s Salem One, Inc. Employees Savings Trust reported $11M in total assets and 111 participants in its 2024 DOL Form 5500 filing, ranking in the 58th 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.

  • #7,807 in Manufacturing (17,777 peers)

Coverage in North Carolina

Salem One, Inc. Employees Savings Trust covers 111 participants in North Carolina, about 14% of the average North Carolina filer (state average ~819 per filing). Assets: $11M.

#7,807
in Manufacturing (17,777 peers)
+42.9%
assets growth YoY

Salem One, Inc. Employees Savings Trust's mid-pack asset rank among Manufacturing and all filers

Salem One, Inc. Employees Savings Trust vs every filed plan by assets

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

$10,902,871 Top 42% higher than 58% 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

Salem One, Inc. Employees Savings Trust 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. Salem One, Inc. Employees Savings Trust sits mid-pack in the medium band (111 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Salem One, Inc. Employees Savings Trust reported net income rose from $1M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Salem One, Inc. Employees Savings Trust end-of-year assets rose from $8M in the plan year 2023 filing to $11M in the plan year 2024 filing.
  • Salem One, Inc. Employees Savings Trust reported participants fell from 117 in the plan year 2023 filing to 111 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 561550868 · Salem One, Inc. PY 2024 · 401(k)

Salem One, Inc. Employees Savings Trust · $11M · 111 · 58th

  • BOY $11M
  • SCH 111
  • EBSA 58th
  • PART 401(k)
  • TYPE near Creative Retirement Plan
  • NET ind #7807

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 →

Salem One, Inc. Employees Savings Trust in the asset neighbourhood

Nickles Bakery 401(k) Plan for Bargaining EmployeesNickles Bakery 401(k) Plan f…$11MSalem One, Inc. Employees Savings TrustSalem One, Inc. Employees Sa…$11MCreative Retirement Plan$11MLow Temp Industries, Inc. Savings and Profit Sharing PlanLow Temp Industries, Inc. Sa…$11MOrion Bancorporation, Inc. Retirement Savings PlanOrion Bancorporation, Inc. R…$11M
End-of-year total assets ($M) among Salem One, Inc. Employees Savings Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$11M
Net Income$3M
Employer EIN561550868
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Salem One, Inc.)

Sponsor-wide plan assets over time

All Salem One, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$11M 73.31773460564861% vs 2022
2024 filing year
$4M$6M$8M$10M$12M 202220232024 $6.29M $10.9M ▲ +73.3%
Year Plans Participants Total Assets
2022 1 127 $6M
2023 1 117 $8M
2024 1 111 $11M

Nearby 401(k) Plans in North Carolina

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

Salem One, Inc. Employees Savings Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Salem One, Inc. Employees Savings Trust, Total assets ($B): 0.010902871 · Participants: 111Salem One, Inc. Employees Savings TrustThe 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
Salem One, Inc. Employees Savings Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Salem One, Inc. Employees Savings Trust side-by-side with 3 peers →

Salem One, Inc. Employees Savings Trust's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Creative Retirement Plan in GA ($11M); by covered participants it is R.N. Industries Trucking, Inc. Profit Sharing Plan in UT (111 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (111 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 Salem One, Inc. Employees Savings Trust assets move in 2024? ▼
Salem One, Inc. Employees Savings Trust surged - up 42.9% during 2024, from $8M to $11M. Reported net income was $3M.
How have Salem One, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Salem One, Inc.'s sponsor-wide assets grew 73.3%, from $6M to $11M.
Which 401(k) plans are similar in size to Salem One, Inc. Employees Savings Trust? ▼
Among 401(k) plans in other states, the closest by assets is Creative Retirement Plan in GA ($11M, 486 participants).
Which 401(k) plans cover a similar participant headcount to Salem One, Inc. Employees Savings Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is R.N. Industries Trucking, Inc. Profit Sharing Plan in UT (111 participants, $2M 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 561550868.

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.