Profit Sharing
2024 plan-year Profit Sharing DOL Form 5500

Glenn Machine Works, Inc. 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Glenn Machine Works, Inc. · Mississippi · Manufacturing

What the 2023 filing shows

Glenn Machine Works, Inc. 401(k) Plan holds $10M for 166 participants — about $62,650 per participant, up 17.1% over the 2024 plan year.

$10M
total plan assets (2024 EOY)
166
covered participants
$62,650
avg assets per participant
+17.1%
assets growth YoY
Total Assets (2023)
$10M
Participants
166
State
Industry
Manufacturing

What the Filing Says About Glenn Machine Works, Inc. 401(k) Plan

Glenn Machine Works, Inc. 401(k) Plan is a Profit Sharing retirement plan sponsored by Glenn Machine Works, Inc., headquartered in Mississippi. As of the 2024 Form 5500 filing, the plan reports $10M in total end-of-year assets and covers 166 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 640470007, and the plan has been effective since 2007-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $9M at the beginning of 2024 to $10M at year-end — a gain of 17.1%. Net assets (after liabilities) closed the year at $10M, with reported net income of $2M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$9M
Total Assets (End of Year)$10M
Net Assets (End of Year)$10M
Net Income$2M
Plan TypeProfit Sharing
Employer EIN640470007
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Glenn Machine Works, Inc.)

Year Plans Participants Total Assets
2022 1 158 $7M
2023 1 162 $9M
2024 1 166 $10M

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Frequently Asked Questions

How much money is in the Glenn Machine Works, Inc. 401(k) Plan?
As of the 2024 Form 5500 filing, Glenn Machine Works, Inc. 401(k) Plan holds $10M in total assets with 166 participants. It is sponsored by Glenn Machine Works, Inc..
What type of plan is Glenn Machine Works, Inc. 401(k) Plan?
Glenn Machine Works, Inc. 401(k) Plan is a Profit Sharing plan. It has been effective since 2007-01-01. The plan is filed with the U.S. Department of Labor under EIN 640470007.
Who sponsors the Glenn Machine Works, Inc. 401(k) Plan?
Glenn Machine Works, Inc. 401(k) Plan is sponsored by Glenn Machine Works, Inc., located in Mississippi. The sponsor's EIN is 640470007 and the plan operates in the Manufacturing industry.
How did Glenn Machine Works, Inc. 401(k) Plan perform in 2024?
Glenn Machine Works, Inc. 401(k) Plan grew by 17.1% during 2024, moving from $9M to $10M in total assets. Net income was $2M.
Where can I find official filings for Glenn Machine Works, Inc. 401(k) Plan?
Official Form 5500 filings for Glenn Machine Works, Inc. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 640470007 or plan name at efast.dol.gov.
How does Glenn Machine Works, Inc. 401(k) Plan compare to other plans?
You can compare Glenn Machine Works, Inc. 401(k) Plan against other Profit Sharing plans on the plan type page, or view plans in Mississippi on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 640470007.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.