401(k) · DOL Form 5500 · 2024

Ghafari Associates, LLC 401(k) Plan

Data updated 2026-08-25

$107M
Total assets Near avg plan size
601
Participants Below avg headcount
91st
Percentile by assets National rank
$177,353
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Ghafari Companies 401(k) Plan · Sponsored by Ghafari Associates, LLC · Michigan · Professional & Technical Services

$107M in assets, 601 participants

Ghafari Associates, LLC's Ghafari Companies 401(k) Plan reported $107M in total assets and 601 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

  • #18,568 in Professional & Technical Services (20,173 peers)

Where Ghafari Companies 401(k) Plan sits by assets

Ghafari Companies 401(k) Plan sits in the top 10% of all filed plans by assets, $107M for 601 participants (~$177,353/participant), up 7.0% in 2024.

#18,568
in Professional & Technical Services (20,173 peers)
+7.0%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Ghafari Companies 401(k) Plan's outsized position by total assets

Ghafari Companies 401(k) Plan vs every filed plan by assets

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

$106,588,945 Top 9% higher than 91% 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

Ghafari Companies 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. Ghafari Companies 401(k) Plan sits mid-pack in the medium band (601 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Ghafari Companies 401(k) Plan reported net income fell from $19M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Ghafari Companies 401(k) Plan end-of-year assets rose from $100M in the plan year 2023 filing to $107M in the plan year 2024 filing.
  • Ghafari Companies 401(k) Plan reported participants fell from 615 in the plan year 2023 filing to 601 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 383530824 · Ghafari Associates, LLC PY 2024 · 401(k)

Ghafari Companies 401(k) Plan · $107M · 601 · 91st

  • IND $107M
  • IND 601
  • IND 91st
  • IND 401(k)
  • IND near Spitzer Management Inc Profit Sharing and Savings Plan
  • IND ind #18568

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 Michigan →

Ghafari Companies 401(k) Plan in the asset neighbourhood

California Dairies, Inc. 401(k) Savings PlanCalifornia Dairies, Inc. 401…$107MSpitzer Management Inc Profit Sharing and Savings PlanSpitzer Management Inc Profi…$107MGhafari Companies 401(k) Plan$107MArrow International, Inc. Profit Sharing Plan - 1Arrow International, Inc. Pr…$107MMaxim Crane Works LP 401(k) PlanMaxim Crane Works LP 401(k) …$107M
End-of-year total assets ($M) among Ghafari Companies 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$100M
Net Assets (End of Year)$107M
Net Income$7M
Employer EIN383530824
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ghafari Associates, LLC)

Sponsor-wide plan assets over time

All Ghafari Associates, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$107M 32.224239395452734% vs 2022
2024 filing year
$70M$80M$90M$100M$110M 202220232024 $80.6M $107M ▲ +32.2%
Year Plans Participants Total Assets
2022 1 625 $81M
2023 1 615 $100M
2024 1 601 $107M

Nearby 401(k) Plans in Michigan

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

Ghafari Companies 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Ghafari Companies 401(k) Plan, Total assets ($B): 0.106588945 · Participants: 601Ghafari Companies 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Ghafari Companies 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Ghafari Companies 401(k) Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest 401(k) by assets is Spitzer Management Inc Profit Sharing and Savings Plan in OH ($107M); by covered participants it is Insulation Distributors, Inc. 401(k) Plan in MN (601 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (601 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 Ghafari Companies 401(k) Plan assets move in 2024? ▼
Ghafari Companies 401(k) Plan grew at a solid clip - up 7.0% during 2024, from $100M to $107M. Reported net income was $7M.
How have Ghafari Associates, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ghafari Associates, LLC's sponsor-wide assets grew 32.2%, from $81M to $107M.
Where does Ghafari Companies 401(k) Plan rank by assets among Form 5500 filers? ▼
Ghafari Companies 401(k) Plan ranks in the 91st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Ghafari Companies 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Spitzer Management Inc Profit Sharing and Savings Plan in OH ($107M, 781 participants).
Which 401(k) plans cover a similar participant headcount to Ghafari Companies 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Insulation Distributors, Inc. 401(k) Plan in MN (601 participants, $23M 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 383530824.

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.