401(k) · DOL Form 5500 · 2024

Drake Enterprises, Ltd 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
151
Participants Small participant base
55th
Percentile by assets National rank
$62,437
Avg per participant Low balance/head
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Official DOL plan name: Drake Enterprises, Ltd 401(k) Plan · Sponsored by Drake Enterprises, Ltd · North Carolina · Professional & Technical Services

$9M in assets, 151 participants

Drake Enterprises, Ltd's Drake Enterprises, Ltd 401(k) Plan reported $9M in total assets and 151 participants in its 2024 DOL Form 5500 filing, ranking in the 55th 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.

  • #10,645 in Professional & Technical Services (20,173 peers)

Coverage in North Carolina

Drake Enterprises, Ltd 401(k) Plan covers 151 participants in North Carolina, about 18% of the average North Carolina filer (state average ~819 per filing). Assets: $9M.

#10,645
in Professional & Technical Services (20,173 peers)
-0.9%
assets change YoY

The plan reported a net loss of $81K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Drake Enterprises, Ltd 401(k) Plan's mid-pack asset rank among Professional & Technical Services and all filers

Drake Enterprises, Ltd 401(k) Plan vs every filed plan by assets

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

$9,428,002 Top 45% higher than 55% 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

Drake Enterprises, Ltd 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. Drake Enterprises, Ltd 401(k) Plan sits mid-pack in the medium band (151 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Drake Enterprises, Ltd 401(k) Plan reported net income fell from $513K in the plan year 2023 filing to -$81K in the plan year 2024 filing.
  • Drake Enterprises, Ltd 401(k) Plan reported participants rose from 138 in the plan year 2023 filing to 151 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 561494243 · Drake Enterprises, Ltd PY 2024 · 401(k)

Drake Enterprises, Ltd 401(k) Plan · $9M · 151 · 55th

  • TYPE $9M
  • NET 151
  • BOOK 55th
  • VS-ST 401(k)
  • BOY near Magnix USA, Inc. 401(k) Plan & Trust
  • SCH ind #10645

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 Professional & Technical Services retirement plans → · Plans in North Carolina →

Drake Enterprises, Ltd 401(k) Plan in the asset neighbourhood

Drake Enterprises, Ltd 401(k) PlanDrake Enterprises, Ltd 401(k…$9MMagnix USA, Inc. 401(k) Plan & TrustMagnix USA, Inc. 401(k) Plan…$9MFrank W. Cawood & Associates, Inc. 401(k) Retirement PlanFrank W. Cawood & Associates…$9MCertco, Inc. Union Savings PlanCertco, Inc. Union Savings P…$9MFabian Oil Employee Stock Ownership 401(k) PlanFabian Oil Employee Stock Ow…$9M
End-of-year total assets ($M) among Drake Enterprises, Ltd 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$9M
Net Income-$81K
Employer EIN561494243
Plan Effective Date1994-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Drake Enterprises, Ltd)

Sponsor-wide plan assets over time

All Drake Enterprises, Ltd plans reported in each filing year

Latest sponsor-wide plan assets
$9M 4.79620377277369% vs 2022
2024 filing year
$8.8M$9M$9.2M$9.4M$9.6M 202220232024 $9M $9.43M ▲ +4.8%
Year Plans Participants Total Assets
2022 1 141 $9M
2023 1 138 $10M
2024 1 151 $9M

Nearby 401(k) Plans in North Carolina

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

Drake Enterprises, Ltd 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Drake Enterprises, Ltd 401(k) Plan, Total assets ($B): 0.009428002 · Participants: 151Drake Enterprises, Ltd 401(k) 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
Drake Enterprises, Ltd 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Drake Enterprises, Ltd 401(k) Plan side-by-side with 3 peers →

Drake Enterprises, Ltd 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Magnix USA, Inc. 401(k) Plan & Trust in WA ($9M); by covered participants it is Liberty Power Corp, LLC 401(k) in FL (151 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (151 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 Drake Enterprises, Ltd 401(k) Plan assets move in 2024? ▼
Drake Enterprises, Ltd 401(k) Plan held essentially flat - down 0.9% during 2024, from $10M to $9M. Reported net income was -$81K.
How have Drake Enterprises, Ltd plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Drake Enterprises, Ltd's sponsor-wide assets grew 4.8%, from $9M to $9M.
Which 401(k) plans are similar in size to Drake Enterprises, Ltd 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Magnix USA, Inc. 401(k) Plan & Trust in WA ($9M, 92 participants).
Which 401(k) plans cover a similar participant headcount to Drake Enterprises, Ltd 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Liberty Power Corp, LLC 401(k) in FL (151 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 561494243.

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.