401(k) · DOL Form 5500 · 2024

Simpson Electric Company 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
103
Participants Small participant base
41st
Percentile by assets National rank
$45,104
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Simpson Electric Company Profit Sharing Plan · Sponsored by Simpson Electric Company · South Carolina · Construction

$5M in assets, 103 participants

Simpson Electric Company's Simpson Electric Company Profit Sharing Plan reported $5M in total assets and 103 participants in its 2024 DOL Form 5500 filing, ranking in the 41st 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.

  • #3,539 in Construction (9,039 peers)

Coverage in South Carolina

Simpson Electric Company Profit Sharing Plan covers 103 participants in South Carolina, about 28% of the average South Carolina filer (state average ~369 per filing). Assets: $5M.

#3,539
in Construction (9,039 peers)
+17.4%
assets growth YoY

Simpson Electric Company Profit Sharing Plan's mid-pack asset rank among Construction and all filers

Simpson Electric Company Profit Sharing Plan vs every filed plan by assets

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

$4,645,716 41st percentile higher than 41% 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

Simpson Electric Company Profit Sharing 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. Simpson Electric Company Profit Sharing Plan sits mid-pack in the medium band (103 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Simpson Electric Company Profit Sharing Plan end-of-year assets rose from $4M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Simpson Electric Company Profit Sharing Plan reported net income fell from $807K in the plan year 2023 filing to $690K in the plan year 2024 filing.
  • Simpson Electric Company Profit Sharing Plan reported participants rose from 96 in the plan year 2023 filing to 103 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 560787504 · Simpson Electric Company PY 2024 · 401(k)

Simpson Electric Company Profit Sharing Plan · $5M · 103 · 41st

  • EOY $5M
  • EOY 103
  • EOY 41st
  • EOY 401(k)
  • EOY near The Winterberry Group Retirement Plan
  • EOY ind #3539

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 Construction retirement plans → · Plans in South Carolina →

Simpson Electric Company Profit Sharing Plan in the asset neighbourhood

Simpson Electric Company Profit Sharing PlanSimpson Electric Company Pro…$5MThe Winterberry Group Retirement PlanThe Winterberry Group Retire…$5MMaster Fleet, LLC Savings and Retirement PlanMaster Fleet, LLC Savings an…$5MDunwoody Village Ace Retirement PlanDunwoody Village Ace Retirem…$5MBrechbuhler Truck Sales, LLC 401(k) Psp & TrustBrechbuhler Truck Sales, LLC…$5M
End-of-year total assets ($M) among Simpson Electric Company Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

South Carolina filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$5M
Net Income$690K
Employer EIN560787504
Plan Effective Date1967-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Simpson Electric Company)

Sponsor-wide plan assets over time

All Simpson Electric Company plans reported in each filing year

Latest sponsor-wide plan assets
$5M 47.516812578371116% vs 2022
2024 filing year
$3M$3.5M$4M$4.5M$5M 202220232024 $3.15M $4.65M ▲ +47.6%
Year Plans Participants Total Assets
2022 1 111 $3M
2023 1 96 $4M
2024 1 103 $5M

Nearby 401(k) Plans in South Carolina

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

Simpson Electric Company Profit Sharing Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -1012345 Total assets ($B) Participants Simpson Electric Company Profit Sharing Plan, Total assets ($B): 0.004645716 · Participants: 103Simpson Electric Company Profit Sharing PlanMichelin 401(k) Savings Plan, Total assets ($B): 4.477517422 · Participants: 15095Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.829914985 · Participants: 9296The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.663698617 · Participants: 11813Sonoco Retirement & Savings PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.460862801 · Participants: 11878Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction PlanThe Milliken Retirement Plan, Total assets ($B): 1.350798497 · Participants: 5733The Milliken Retirement Plan
Simpson Electric Company Profit Sharing Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Simpson Electric Company Profit Sharing Plan side-by-side with 3 peers →

Simpson Electric Company Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is The Winterberry Group Retirement Plan in CT ($5M); by covered participants it is Chrysalis House Inc 401(k) Profit Sharing Plan & Trust in MD (103 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (103 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 Simpson Electric Company Profit Sharing Plan assets move in 2024? ▼
Simpson Electric Company Profit Sharing Plan grew sharply - up 17.4% during 2024, from $4M to $5M. Reported net income was $690K.
How have Simpson Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Simpson Electric Company's sponsor-wide assets grew 47.5%, from $3M to $5M.
Which 401(k) plans are similar in size to Simpson Electric Company Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Winterberry Group Retirement Plan in CT ($5M, 193 participants).
Which 401(k) plans cover a similar participant headcount to Simpson Electric Company Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Chrysalis House Inc 401(k) Profit Sharing Plan & Trust in MD (103 participants, $207K 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 560787504.

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.