401(k) · DOL Form 5500 · 2024

Skyway Precision Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
173
Participants Small participant base
52nd
Percentile by assets National rank
$48,082
Avg per participant Low balance/head
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Official DOL plan name: Skyway Precision Inc. 401(k) Plan · Sponsored by Skyway Precision Inc. · Michigan · Manufacturing

$8M in assets, 173 participants

Skyway Precision Inc.'s Skyway Precision Inc. 401(k) Plan reported $8M in total assets and 173 participants in its 2024 DOL Form 5500 filing, ranking in the 52nd 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.

  • #6,489 in Manufacturing (17,777 peers)

Coverage in Michigan

Skyway Precision Inc. 401(k) Plan covers 173 participants in Michigan, about 27% of the average Michigan filer (state average ~638 per filing). Assets: $8M.

#6,489
in Manufacturing (17,777 peers)
-4.4%
assets change YoY

The plan reported a net loss of $387K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Skyway Precision Inc. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Skyway Precision Inc. 401(k) Plan vs every filed plan by assets

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

$8,318,256 Top 48% higher than 52% 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

Skyway Precision Inc. 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. Skyway Precision Inc. 401(k) Plan sits mid-pack in the medium band (173 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Skyway Precision Inc. 401(k) Plan reported net income fell from $1M in the plan year 2023 filing to -$387K in the plan year 2024 filing.
  • Skyway Precision Inc. 401(k) Plan end-of-year assets fell from $9M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Skyway Precision Inc. 401(k) Plan reported participants fell from 177 in the plan year 2023 filing to 173 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 382042423 · Skyway Precision Inc. PY 2024 · 401(k)

Skyway Precision Inc. 401(k) Plan · $8M · 173 · 52nd

  • IND $8M
  • IND 173
  • IND 52nd
  • IND 401(k)
  • IND near Roberts Aircraft Co. 401(k) Plan
  • IND ind #6489

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 →

Skyway Precision Inc. 401(k) Plan in the asset neighbourhood

Skyway Precision Inc. 401(k) PlanSkyway Precision Inc. 401(k)…$8MRoberts Aircraft Co. 401(k) PlanRoberts Aircraft Co. 401(k) …$8MLenoble Lumber Company, Inc. Incentive Savings TrustLenoble Lumber Company, Inc.…$8MCape Associates, Inc. 401(k) Profit Sharing PlanCape Associates, Inc. 401(k)…$8MFirst National Financial Services 401(k) PlanFirst National Financial Ser…$8M
End-of-year total assets ($M) among Skyway Precision Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$8M
Net Income-$387K
Employer EIN382042423
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Skyway Precision Inc.)

Sponsor-wide plan assets over time

All Skyway Precision Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 11.87398626566497% vs 2022
2024 filing year
$7M$7.5M$8M$8.5M$9M 202220232024 $7.44M $8.32M ▲ +11.8%
Year Plans Participants Total Assets
2022 1 173 $7M
2023 1 177 $9M
2024 1 173 $8M

Nearby 401(k) Plans in Michigan

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

Skyway Precision Inc. 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Skyway Precision Inc. 401(k) Plan, Total assets ($B): 0.008318256 · Participants: 173Skyway Precision Inc. 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
Skyway Precision Inc. 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Skyway Precision Inc. 401(k) Plan side-by-side with 3 peers →

Skyway Precision Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Roberts Aircraft Co. 401(k) Plan in WY ($8M); by covered participants it is Gray & Skyler Electric Companies 401(k) Plan in CA (173 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (173 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 Skyway Precision Inc. 401(k) Plan assets move in 2024? ▼
Skyway Precision Inc. 401(k) Plan edged down modestly - down 4.4% during 2024, from $9M to $8M. Reported net income was -$387K.
How have Skyway Precision Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Skyway Precision Inc.'s sponsor-wide assets grew 11.9%, from $7M to $8M.
Which 401(k) plans are similar in size to Skyway Precision Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Roberts Aircraft Co. 401(k) Plan in WY ($8M, 113 participants).
Which 401(k) plans cover a similar participant headcount to Skyway Precision Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Gray & Skyler Electric Companies 401(k) Plan in CA (173 participants, $8M 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 382042423.

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.