401(k) · DOL Form 5500 · 2023

Groundworks Operations, LLC 401(k) Plan

Data updated 2026-08-25

$47M
Total assets Below avg plan size
2,457
Participants Above avg headcount
85th
Percentile by assets National rank
$18,987
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Groundworks Operations, LLC 401(k) Plan · Sponsored by Groundworks Operations, LLC · Virginia · Construction

$47M in assets, 2,457 participants

Groundworks Operations, LLC's Groundworks Operations, LLC 401(k) Plan reported $47M in total assets and 2,457 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #7,462 in Construction (9,030 peers)

Coverage in Virginia

Groundworks Operations, LLC 401(k) Plan covers 2,457 participants in Virginia, 3.1x the typical Virginia plan (state average ~782 per filing). Assets: $47M.

#7,462
in Construction (9,030 peers)
+49.9%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Groundworks Operations, LLC 401(k) Plan's outsized position by total assets

Groundworks Operations, LLC 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$46,651,363 Top 15% higher than 85% of 127,068 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 2023

Groundworks Operations, LLC 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Groundworks Operations, LLC 401(k) Plan lands in the large band (2,457 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Groundworks Operations, LLC 401(k) Plan reported net income rose from $2M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Groundworks Operations, LLC 401(k) Plan end-of-year assets rose from $31M in the plan year 2022 filing to $47M in the plan year 2023 filing.
  • Groundworks Operations, LLC 401(k) Plan reported participants rose from 2,127 in the plan year 2022 filing to 2,457 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 812191541 · Groundworks Operations, LLC PY 2023 · 401(k)

Groundworks Operations, LLC 401(k) Plan · $47M · 2,457 · 85th

  • VS-ST $47M
  • VS-ST 2,457
  • VS-ST 85th
  • VS-ST 401(k)
  • VS-ST near Bolton Partners, Inc. 401(k) Profit Sharing Plan and Trust
  • VS-ST ind #7462

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 Virginia →

Groundworks Operations, LLC 401(k) Plan in the asset neighbourhood

Bolton Partners, Inc. 401(k) Profit Sharing Plan and TrustBolton Partners, Inc. 401(k)…$47MMacias Gini & O'connell LLP 401(k) Profit Sharing PlanMacias Gini & O'connell LLP …$47MGroundworks Operations, LLC 401(k) PlanGroundworks Operations, LLC …$47MAlpha Industries Management, Inc. 401(k) PlanAlpha Industries Management,…$47MInfinite Electronics 401(k) PlanInfinite Electronics 401(k) …$47M
End-of-year total assets ($M) among Groundworks Operations, LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$47M
Net Income$16M
Employer EIN812191541
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Groundworks Operations, LLC)

Sponsor-wide plan assets over time

All Groundworks Operations, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$63M 100.86116241329275% vs 2022
2024 filing year
$20M$30M$40M$50M$60M$70M 202220232024 $31.1M $62.5M ▲ +100.9%
Year Plans Participants Total Assets
2022 1 2,127 $31M
2023 1 2,457 $47M
2024 1 2,824 $63M

Nearby 401(k) Plans in Virginia

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

Groundworks Operations, LLC 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Groundworks Operations, LLC 401(k) Plan, Total assets ($B): 0.046651363 · Participants: 2457Groundworks Operations, LLC 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Groundworks Operations, LLC 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Groundworks Operations, LLC 401(k) Plan side-by-side with 3 peers →

Groundworks Operations, LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Bolton Partners, Inc. 401(k) Profit Sharing Plan and Trust in MD ($47M); by covered participants it is Harsco 401(k) Retirement Savings Plan in PA (2,457 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,457 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Groundworks Operations, LLC 401(k) Plan assets move in 2023? ▼
Groundworks Operations, LLC 401(k) Plan surged - up 49.9% during 2023, from $31M to $47M. Reported net income was $16M.
How have Groundworks Operations, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Groundworks Operations, LLC's sponsor-wide assets grew 100.9%, from $31M to $63M.
Where does Groundworks Operations, LLC 401(k) Plan rank by assets among Form 5500 filers? ▼
Groundworks Operations, LLC 401(k) Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Groundworks Operations, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bolton Partners, Inc. 401(k) Profit Sharing Plan and Trust in MD ($47M, 113 participants).
Which 401(k) plans cover a similar participant headcount to Groundworks Operations, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Harsco 401(k) Retirement Savings Plan in PA (2,457 participants, $87M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 812191541.

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.