401(k) · DOL Form 5500 · 2024

Prab, Inc. 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
187
Participants Below avg headcount
78th
Percentile by assets National rank
$170,204
Avg per participant Above avg balance/head
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Official DOL plan name: Prab, Inc. Salaried Employees Profit Sharing Plan · Sponsored by Prab, Inc. · Michigan · Manufacturing

$32M in assets, 187 participants

Prab, Inc.'s Prab, Inc. Salaried Employees Profit Sharing Plan reported $32M in total assets and 187 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.

  • #12,431 in Manufacturing (17,777 peers)

Coverage in Michigan

Prab, Inc. Salaried Employees Profit Sharing Plan covers 187 participants in Michigan, about 29% of the average Michigan filer (state average ~638 per filing). Assets: $32M.

#12,431
in Manufacturing (17,777 peers)
+20.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Prab, Inc. Salaried Employees Profit Sharing Plan's outsized position by total assets

Prab, Inc. Salaried Employees Profit Sharing Plan vs every filed plan by assets

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

$31,828,159 Top 22% higher than 78% 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

Prab, Inc. Salaried Employees 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. Prab, Inc. Salaried Employees Profit Sharing Plan sits mid-pack in the medium band (187 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Prab, Inc. Salaried Employees Profit Sharing Plan end-of-year assets rose from $26M in the plan year 2023 filing to $32M in the plan year 2024 filing.
  • Prab, Inc. Salaried Employees Profit Sharing Plan reported participants rose from 164 in the plan year 2023 filing to 187 in the plan year 2024 filing.
  • Prab, Inc. Salaried Employees Profit Sharing Plan reported net income fell from $6M in the plan year 2023 filing to $5M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 381654849 · Prab, Inc. PY 2024 · 401(k)

Prab, Inc. Salaried Employees Profit Sharing Plan · $32M · 187 · 78th

  • SCH $32M
  • SCH 187
  • SCH 78th
  • SCH 401(k)
  • SCH near Wasc Holding LLC Savings & Investment Plan
  • SCH ind #12431

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 Michigan →

Prab, Inc. Salaried Employees Profit Sharing Plan in the asset neighbourhood

Engelberth Construction, Inc. 401(k) Retirement PlanEngelberth Construction, Inc…$32MPrab, Inc. Salaried Employees Profit Sharing PlanPrab, Inc. Salaried Employee…$32MWasc Holding LLC Savings & Investment PlanWasc Holding LLC Savings & I…$32MWoori America Bank 401(k) Profit Sharing PlanWoori America Bank 401(k) Pr…$32MParkway Bancorp, Inc. 401(k) PlanParkway Bancorp, Inc. 401(k)…$32M
End-of-year total assets ($M) among Prab, Inc. Salaried Employees Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$32M
Net Income$5M
Employer EIN381654849
Plan Effective Date1975-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Prab, Inc.)

Sponsor-wide plan assets over time

All Prab, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 52.782352526380485% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $20.8M $31.8M ▲ +52.8%
Year Plans Participants Total Assets
2022 1 121 $21M
2023 1 164 $26M
2024 1 187 $32M

Nearby 401(k) Plans in Michigan

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

Prab, Inc. Salaried Employees Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Prab, Inc. Salaried Employees Profit Sharing Plan, Total assets ($B): 0.031828159 · Participants: 187Prab, Inc. Salaried Employees Profit Sharing 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
Prab, Inc. Salaried Employees Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Prab, Inc. Salaried Employees Profit Sharing Plan side-by-side with 3 peers →

Prab, Inc. Salaried Employees Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Wasc Holding LLC Savings & Investment Plan in NJ ($32M); by covered participants it is Media Iq Digital N.a. 401(k) Plan in NY (187 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (187 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 Prab, Inc. Salaried Employees Profit Sharing Plan assets move in 2024? ▼
Prab, Inc. Salaried Employees Profit Sharing Plan grew sharply - up 20.8% during 2024, from $26M to $32M. Reported net income was $5M.
How have Prab, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Prab, Inc.'s sponsor-wide assets grew 52.8%, from $21M to $32M.
Where does Prab, Inc. Salaried Employees Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Prab, Inc. Salaried Employees Profit Sharing Plan ranks in the 78th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Prab, Inc. Salaried Employees Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wasc Holding LLC Savings & Investment Plan in NJ ($32M, 82 participants).
Which 401(k) plans cover a similar participant headcount to Prab, Inc. Salaried Employees Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Media Iq Digital N.a. 401(k) Plan in NY (187 participants, $10M 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 381654849.

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.