401(k) · DOL Form 5500 · 2024

Flexgen Power Systems 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
183
Participants Below avg headcount
54th
Percentile by assets National rank
$50,886
Avg per participant Low balance/head
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Official DOL plan name: Flexgen 401(k) Plan · Sponsored by Flexgen Power Systems · North Carolina · Manufacturing

$9M in assets, 183 participants

Flexgen Power Systems's Flexgen 401(k) Plan reported $9M in total assets and 183 participants in its 2024 DOL Form 5500 filing, ranking in the 54th 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.

  • #7,033 in Manufacturing (17,777 peers)

Coverage in North Carolina

Flexgen 401(k) Plan covers 183 participants in North Carolina, about 22% of the average North Carolina filer (state average ~819 per filing). Assets: $9M.

#7,033
in Manufacturing (17,777 peers)
+62.0%
assets growth YoY

Flexgen 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Flexgen 401(k) Plan vs every filed plan by assets

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

$9,312,058 Top 46% higher than 54% 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

Flexgen 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. Flexgen 401(k) Plan sits mid-pack in the medium band (183 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Flexgen 401(k) Plan end-of-year assets rose from $6M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Flexgen 401(k) Plan reported net income rose from $3M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Flexgen 401(k) Plan reported participants fell from 185 in the plan year 2023 filing to 183 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 474542499 · Flexgen Power Systems PY 2024 · 401(k)

Flexgen 401(k) Plan · $9M · 183 · 54th

  • PCT $9M
  • PCT 183
  • PCT 54th
  • PCT 401(k)
  • PCT near Open Door Health Services, Inc. 401(k) Plan & Trust
  • PCT ind #7033

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 →

Flexgen 401(k) Plan in the asset neighbourhood

Flexgen 401(k) Plan$9MOpen Door Health Services, Inc. 401(k) Plan & TrustOpen Door Health Services, I…$9MWsim 401(k) Retirement Plan$9MEvans Industries, Inc. Employee Retirement PlanEvans Industries, Inc. Emplo…$9MFlightworks Incorporated 401(k) Profit Sharing Plan & TrustFlightworks Incorporated 401…$9M
End-of-year total assets ($M) among Flexgen 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)$6M
Net Assets (End of Year)$9M
Net Income$4M
Employer EIN474542499
Plan Effective Date2022-08-19
Filing StatusFILING RECEIVED

Sponsor Plan History (Flexgen Power Systems)

Sponsor-wide plan assets over time

All Flexgen Power Systems plans reported in each filing year

Latest sponsor-wide plan assets
$9M 234.1122060345771% vs 2022
2024 filing year
$2M$4M$6M$8M$10M 202220232024 $2.79M $9.31M ▲ +233.7%
Year Plans Participants Total Assets
2022 1 156 $3M
2023 1 185 $6M
2024 1 183 $9M

Nearby 401(k) Plans in North Carolina

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

Flexgen 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Flexgen 401(k) Plan, Total assets ($B): 0.009312058 · Participants: 183Flexgen 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
Flexgen 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Flexgen 401(k) Plan side-by-side with 3 peers →

Flexgen 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Open Door Health Services, Inc. 401(k) Plan & Trust in IN ($9M); by covered participants it is Cgt U.S. Limited/Textileather Corporation 401(k) Profit Sharing Plan in TX (183 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (183 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 Flexgen 401(k) Plan assets move in 2024? ▼
Flexgen 401(k) Plan surged - up 62.0% during 2024, from $6M to $9M. Reported net income was $4M.
How have Flexgen Power Systems plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Flexgen Power Systems's sponsor-wide assets grew 234.1%, from $3M to $9M.
Which 401(k) plans are similar in size to Flexgen 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Open Door Health Services, Inc. 401(k) Plan & Trust in IN ($9M, 234 participants).
Which 401(k) plans cover a similar participant headcount to Flexgen 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Cgt U.S. Limited/Textileather Corporation 401(k) Profit Sharing Plan in TX (183 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 474542499.

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.