Profit Sharing · DOL Form 5500 · 2024

Friedman Industried, Incorporated Profit Sharing Plan

Data updated 2026-08-06

$12M
Total assets: 241
Participants: 59th
Percentile by assets: $49,300
Avg per participant

Official DOL plan name: Friedman Industries, Inc. Employees' Retirement & 401(k) Plan · Sponsored by Friedman Industried, Incorporated · Texas · Wholesale Trade

$12M in assets, 241 participants

Friedman Industried, Incorporated's Friedman Industries, Inc. Employees' Retirement & 401(k) Plan reported $12M in total assets and 241 participants in its 2024 DOL Form 5500 filing, ranking in the 59th 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.

59th percentile by assets (of 116,472 plans)

Coverage in Texas

Friedman Industries, Inc. Employees' Retirement & 401(k) Plan covers 241 participants in Texas, about 34% of the average Texas filer (state average ~704 per filing). Assets: $12M.

$12M
total plan assets (2024 EOY): 241
covered participants: 59th
percentile by assets (of 116,472 plans): $49,300
avg assets per participant

Friedman Industries, Inc. Employees' Retirement & 401(k) Plan reported participants rose from 179 in the plan year 2023 filing to 241 in the plan year 2024 filing.
Friedman Industries, Inc. Employees' Retirement & 401(k) Plan end-of-year assets rose from $10M in the plan year 2023 filing to $12M in the plan year 2024 filing.
Friedman Industries, Inc. Employees' Retirement & 401(k) Plan reported net income fell from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Texas

Industry

Wholesale Trade

Participants vs Texas filers

In Texas, the average filing covers about 704 participants across 9,718 plans. Friedman Industries, Inc. Employees' Retirement & 401(k) Plan reports 241 participants - about 34% of that state average ($12M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)	$10M
Net Assets (End of Year)	$12M
Net Income	$2M
Employer EIN	741504405
Plan Effective Date	1997-03-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Friedman Industried, Incorporated)

Total plan assets by year, all Friedman Industried, Incorporated plans on file

Year	Plans	Participants	Total Assets
2023	1	179	$10M
2024	1	241	$12M

Nearby Profit Sharing Plans in Texas

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Friedman Industries, Inc. Employees' Retirement & 401(k) Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants

Baylor College of Medicine Retirement Plan $2.0B · 10,721
H-E-B Partner Stock Plan $1.6B · 103,962
The Defined Contribution Plan of the Methodist Hospital $1.1B · 31,848
American Heart Association, Inc. Qualified Retirement Plan $514M · 3,779
Haynes and Boone Investment Directed Profit Sharing Plan $310M · 1,069

Compare Friedman Industries, Inc. Employees' Ret… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Friedman Industries, Inc. Employees' Retirement & 401(k) Plan by total assets, not by location.

Willow Brook 403(b) Retirement Plan (OH) $12M · 529
Shriver Nursing Services, Inc 403(b) Plan (MA) $12M · 134
Stg Partners, LLC 401(k) Plan (CA) $12M · 68
Asbestos Workers Savings Plan (PA) $12M · 404

Frequently Asked Questions

How did Friedman Industries, Inc. Employees' Retirement & 401(k) Plan assets move in 2024? ▼

Friedman Industries, Inc. Employees' Retirement & 401(k) Plan grew sharply - up 21.3% during 2024, from $10M to $12M. Reported net income was $2M.

How have Friedman Industried, Incorporated plan assets changed over time? ▼

Across 2 plan years on file (2023-2024), Friedman Industried, Incorporated's sponsor-wide assets grew 21.3%, from $10M to $12M.

Which Profit Sharing plans are similar in size to Friedman Industries, Inc. Employees' Retirement & 401(k) Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Willow Brook 403(b) Retirement Plan in OH ($12M, 529 participants).

Next read for Friedman Industries, Inc. Employees' Ret…

Filing takeaways

Ways to act on Friedman Industries, Inc. Employees' Retirement & 401(k) Plan's numbers.

By total assets, Friedman Industries, Inc. Employees' Retirement & 401(k) Plan ranks above the median plan by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Texas. Compare plans
Friedman Industried, Incorporated's sponsor-wide assets have grown 21.3% since 2023 across 2 plan years on file. More Wholesale Trade plans

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 741504405.

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.