401(k) · DOL Form 5500 · 2024

Air Power, Inc. 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
128
Participants Small participant base
68th
Percentile by assets National rank
$141,036
Avg per participant Near avg balance/head
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Official DOL plan name: Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan · Sponsored by Air Power, Inc. · North Carolina · Manufacturing

$18M in assets, 128 participants

Air Power, Inc.'s Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan reported $18M in total assets and 128 participants in its 2024 DOL Form 5500 filing, ranking in the 68th 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.

  • #10,171 in Manufacturing (17,777 peers)

Coverage in North Carolina

Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan covers 128 participants in North Carolina, about 16% of the average North Carolina filer (state average ~819 per filing). Assets: $18M.

#10,171
in Manufacturing (17,777 peers)
-3.8%
assets change YoY

The plan reported a net loss of $715K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan's outsized position by total assets

Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan vs every filed plan by assets

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

$18,052,549 Top 32% higher than 68% 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

Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing 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. Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan sits mid-pack in the medium band (128 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan reported net income fell from -$143K in the plan year 2023 filing to -$715K in the plan year 2024 filing.
  • Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan end-of-year assets fell from $19M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan reported participants fell from 131 in the plan year 2023 filing to 128 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 560898308 · Air Power, Inc. PY 2024 · 401(k)

Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan · $18M · 128 · 68th

  • PHOTO $18M
  • PHOTO 128
  • PHOTO 68th
  • PHOTO 401(k)
  • PHOTO near L & R Distributors, Inc. 401(k) Profit Sharing Plan and Trust
  • PHOTO ind #10171

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 North Carolina →

Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan in the asset neighbourhood

Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing PlanAir Power, Inc. and Producti…$18ML & R Distributors, Inc. 401(k) Profit Sharing Plan and TrustL & R Distributors, Inc. 401…$18MLakeland Medical Associates 401(k) Profit Sharing PlanLakeland Medical Associates …$18MAdvanced Power Services 401(k) PlanAdvanced Power Services 401(…$18MJoho Capital LLC 401(k) Profit Sharing PlanJoho Capital LLC 401(k) Prof…$18M
End-of-year total assets ($M) among Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$18M
Net Income-$715K
Employer EIN560898308
Plan Effective Date1974-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Air Power, Inc.)

Sponsor-wide plan assets over time

All Air Power, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$18M 4.5372763407393135% vs 2022
2024 filing year
$17.5M$18M$18.5M$19M 202220232024 $18.9M $18.1M ▼ -4.5%
Year Plans Participants Total Assets
2022 1 140 $19M
2023 1 131 $19M
2024 1 128 $18M

Nearby 401(k) Plans in North Carolina

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

Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan, Total assets ($B): 0.018052549 · Participants: 128Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) Savings Plan
Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan side-by-side with 3 peers →

Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is L & R Distributors, Inc. 401(k) Profit Sharing Plan and Trust in NY ($18M); by covered participants it is Kingland Systems, LLC 401(k) Plan in IA (128 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (128 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 Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan assets move in 2024? ▼
Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan edged down modestly - down 3.8% during 2024, from $19M to $18M. Reported net income was -$715K.
How have Air Power, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Air Power, Inc.'s sponsor-wide assets declined 4.5%, from $19M to $18M.
Which 401(k) plans are similar in size to Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is L & R Distributors, Inc. 401(k) Profit Sharing Plan and Trust in NY ($18M, 1,174 participants).
Which 401(k) plans cover a similar participant headcount to Air Power, Inc. and Production Systems, Inc. Retirement Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kingland Systems, LLC 401(k) Plan in IA (128 participants, $18M 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 560898308.

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.