401(k) · DOL Form 5500 · 2024
Hoffman & Hoffman, Inc. 401(k) Plan
Data updated 2026-08-11
- $406M
- Total assets
- 826
- Participants
- 97th
- Percentile by assets
- $491,764
- Avg per participant
Official DOL plan name: Hoffman Hoffman Inc Employee Stock Ownership Plan · Sponsored by Hoffman & Hoffman, Inc. · North Carolina · Professional & Technical Services
$406M in assets, 826 participants
Hoffman & Hoffman, Inc.'s Hoffman Hoffman Inc Employee Stock Ownership Plan reported $406M in total assets and 826 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 123,622 plans)
- #19,686 in Professional & Technical Services (20,173 peers)
Where Hoffman Hoffman Inc Employee Stock Ownership Plan sits by assets
Hoffman Hoffman Inc Employee Stock Ownership Plan sits in the top 5% of all filed plans by assets, $406M for 826 participants (~$491,764/participant), up 54.4% in 2024.
- $406M
- total plan assets (2024 EOY)
- 826
- covered participants
- 97th
- percentile by assets (of 123,622 plans)
- $491,764
- avg assets per participant
Where Hoffman Hoffman Inc Employee Stock Ownership Plan sits by total assets
Hoffman Hoffman Inc Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$406,197,121 Top 3% higher than 97% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Hoffman Hoffman Inc Employee Stock Ownership Plan reported net income rose from $52M in the plan year 2023 filing to $141M in the plan year 2024 filing.
- Hoffman Hoffman Inc Employee Stock Ownership Plan end-of-year assets rose from $263M in the plan year 2023 filing to $406M in the plan year 2024 filing.
- Hoffman Hoffman Inc Employee Stock Ownership Plan reported participants rose from 675 in the plan year 2023 filing to 826 in the plan year 2024 filing.
Hoffman Hoffman Inc Employee Stock Ownership Plan vs the 2024 asset distribution
By assets, Hoffman Hoffman Inc Employee Stock Ownership Plan outranks 97% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 4.1x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $263M |
|---|---|
| Net Assets (End of Year) | $389M |
| Net Income | $141M |
| Employer EIN | 560667189 |
| Plan Effective Date | 1966-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Hoffman & Hoffman, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 579 | $212M |
| 2023 | 1 | 675 | $263M |
| 2024 | 1 | 826 | $406M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Hoffman Hoffman Inc Employee Stock Ownership Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
- The Bank of America 401(k) Plan $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Hoffman Hoffman Inc Employee Stock Ownership Plan by total assets, not by location.
- Carestream Health, Inc. Retirement Savings Plan (NY) $406M · 1,328
- The Safe Harbor 401(k) Plan (NY) $406M · 2,055
- Co-Op Pension Plan (TN) $406M · 3,312
- Wiss, Janney, Elstner Associates, Inc. 401(k) Plan (IL) $406M · 821
Frequently Asked Questions
How did Hoffman Hoffman Inc Employee Stock Ownership Plan assets move in 2024? ▼
How have Hoffman & Hoffman, Inc. plan assets changed over time? ▼
Where does Hoffman Hoffman Inc Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
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Next read for Hoffman Hoffman Inc Employee Stock Owner…
Scale reading
Ways to act on Hoffman Hoffman Inc Employee Stock Ownership Plan's numbers.
- By total assets, Hoffman Hoffman Inc Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
- Hoffman & Hoffman, Inc.'s sponsor-wide assets have grown 91.2% since 2022 across 3 plan years on file. More Professional & Technical Services plans