401(k) · DOL Form 5500 · 2024

Klingspor Abrasives, Inc. 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
267
Participants Below avg headcount
61st
Percentile by assets National rank
$46,890
Avg per participant Low balance/head
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Official DOL plan name: Klingspor Abrasives, Inc. 401(k) Retirement Plan · Sponsored by Klingspor Abrasives, Inc. · North Carolina · Manufacturing

$13M in assets, 267 participants

Klingspor Abrasives, Inc.'s Klingspor Abrasives, Inc. 401(k) Retirement Plan reported $13M in total assets and 267 participants in its 2024 DOL Form 5500 filing, ranking in the 61st 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.

  • #8,454 in Manufacturing (17,777 peers)

Coverage in North Carolina

Klingspor Abrasives, Inc. 401(k) Retirement Plan covers 267 participants in North Carolina, about 33% of the average North Carolina filer (state average ~819 per filing). Assets: $13M.

#8,454
in Manufacturing (17,777 peers)
+7.3%
assets growth YoY

Klingspor Abrasives, Inc. 401(k) Retirement Plan's mid-pack asset rank among Manufacturing and all filers

Klingspor Abrasives, Inc. 401(k) Retirement Plan vs every filed plan by assets

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

$12,519,636 Top 39% higher than 61% 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

Klingspor Abrasives, Inc. 401(k) Retirement 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. Klingspor Abrasives, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (267 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Klingspor Abrasives, Inc. 401(k) Retirement Plan reported net income rose from -$198K in the plan year 2023 filing to $848K in the plan year 2024 filing.
  • Klingspor Abrasives, Inc. 401(k) Retirement Plan end-of-year assets rose from $12M in the plan year 2023 filing to $13M in the plan year 2024 filing.
  • Klingspor Abrasives, Inc. 401(k) Retirement Plan reported participants rose from 250 in the plan year 2023 filing to 267 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 561252941 · Klingspor Abrasives, Inc. PY 2024 · 401(k)

Klingspor Abrasives, Inc. 401(k) Retirement Plan · $13M · 267 · 61st

  • IND $13M
  • EOY 267
  • 5500 61st
  • ASSETS 401(k)
  • PCT near Flexaseal Engineered Seals and Systems, LLC 401(k) Profit Sharing Plan
  • EIN ind #8454

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 →

Klingspor Abrasives, Inc. 401(k) Retirement Plan in the asset neighbourhood

Klingspor Abrasives, Inc. 401(k) Retirement PlanKlingspor Abrasives, Inc. 40…$13MFlexaseal Engineered Seals and Systems, LLC 401(k) Profit Sharing PlanFlexaseal Engineered Seals a…$13MUnirac, Inc. Retirement Savings PlanUnirac, Inc. Retirement Savi…$13MThe Bank of Clarendon ESOP with 401(k) ProvisionsThe Bank of Clarendon ESOP w…$13MTire Wholesalers Company LLC 401(k) PlanTire Wholesalers Company LLC…$13M
End-of-year total assets ($M) among Klingspor Abrasives, Inc. 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)$12M
Net Assets (End of Year)$13M
Net Income$848K
Employer EIN561252941
Plan Effective Date1989-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Klingspor Abrasives, Inc.)

Sponsor-wide plan assets over time

All Klingspor Abrasives, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 5.474300633243315% vs 2022
2024 filing year
$11.5M$12M$12.5M$13M 202220232024 $11.9M $12.5M ▲ +5.5%
Year Plans Participants Total Assets
2022 1 283 $12M
2023 1 250 $12M
2024 1 267 $13M

Nearby 401(k) Plans in North Carolina

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

Klingspor Abrasives, Inc. 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 ($B) Participants Klingspor Abrasives, Inc. 401(k) Retirement Plan, Total assets ($B): 0.012519636 · Participants: 267Klingspor Abrasives, Inc. 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
Klingspor Abrasives, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Klingspor Abrasives, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Klingspor Abrasives, Inc. 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 Flexaseal Engineered Seals and Systems, LLC 401(k) Profit Sharing Plan in VT ($13M); by covered participants it is Envirovac Holdings 401(k) Savings Plan in GA (267 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (267 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 Klingspor Abrasives, Inc. 401(k) Retirement Plan assets move in 2024? ▼
Klingspor Abrasives, Inc. 401(k) Retirement Plan grew at a solid clip - up 7.3% during 2024, from $12M to $13M. Reported net income was $848K.
How have Klingspor Abrasives, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Klingspor Abrasives, Inc.'s sponsor-wide assets grew 5.5%, from $12M to $13M.
Which 401(k) plans are similar in size to Klingspor Abrasives, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Flexaseal Engineered Seals and Systems, LLC 401(k) Profit Sharing Plan in VT ($13M, 162 participants).
Which 401(k) plans cover a similar participant headcount to Klingspor Abrasives, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Envirovac Holdings 401(k) Savings Plan in GA (267 participants, $5M 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 561252941.

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.