401(k) · DOL Form 5500 · 2024
Machine Specialties, Inc. 401(k) Plan
Data updated 2026-08-25
- $17M
- Total assets Small plan by assets
- 311
- Participants Below avg headcount
- 67th
- Percentile by assets National rank
- $53,364
- Avg per participant Low balance/head
Official DOL plan name: Machine Specialties Inc 401(k) Profit Sharing Plan & Trust · Sponsored by Machine Specialties, Inc. · North Carolina · Manufacturing
$17M in assets, 311 participants
Machine Specialties, Inc.'s Machine Specialties Inc 401(k) Profit Sharing Plan & Trust reported $17M in total assets and 311 participants in its 2024 DOL Form 5500 filing, ranking in the 67th 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.
- #9,793 in Manufacturing (17,777 peers)
Coverage in North Carolina
Machine Specialties Inc 401(k) Profit Sharing Plan & Trust covers 311 participants in North Carolina, about 38% of the average North Carolina filer (state average ~819 per filing). Assets: $17M.
- #9,793
- in Manufacturing (17,777 peers)
- +12.4%
- assets growth YoY
Machine Specialties Inc 401(k) Profit Sharing Plan & Trust's outsized position by total assets
Machine Specialties Inc 401(k) Profit Sharing Plan & Trust vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$16,596,275 Top 33% higher than 67% 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
Machine Specialties Inc 401(k) Profit Sharing Plan & Trust 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. Machine Specialties Inc 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (311 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Machine Specialties Inc 401(k) Profit Sharing Plan & Trust reported net income fell from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
- Machine Specialties Inc 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $15M in the plan year 2023 filing to $17M in the plan year 2024 filing.
- Machine Specialties Inc 401(k) Profit Sharing Plan & Trust reported participants rose from 306 in the plan year 2023 filing to 311 in the plan year 2024 filing.
DOL schedule card
Filing strip 560939724 · Machine Specialties, Inc. PY 2024 · 401(k)
Machine Specialties Inc 401(k) Profit Sharing Plan & Trust · $17M · 311 · 67th
- 5500 $17M
- ASSETS 311
- PCT 67th
- EIN 401(k)
- RANK near Stairways 403(b) Plan
- PHOTO ind #9793
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 →
Machine Specialties Inc 401(k) Profit Sharing Plan & Trust in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $15M |
|---|---|
| Net Assets (End of Year) | $17M |
| Net Income | $2M |
| Employer EIN | 560939724 |
| Plan Effective Date | 1996-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Machine Specialties, Inc.)
Sponsor-wide plan assets over time
All Machine Specialties, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $17M 35.23360452127111% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 222 | $12M |
| 2023 | 1 | 306 | $15M |
| 2024 | 1 | 311 | $17M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- 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
Machine Specialties Inc 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Stairways 403(b) Plan in PA ($17M); by covered participants it is Syscom, Inc. 401(k) Plan in CO (311 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($17M here).
- Stairways 403(b) Plan (PA) $17M · 233
- Cheer Pack North America 401(k) Plan (MA) $17M · 175
- Irwin R. Rose & Company, LLC 401(k) Profit Sharing Plan (IN) $17M · 126
- White House Custom Colour, Inc. 401(k) Plan (MN) $17M · 257
Similar participant headcount
Nearest other-state filings by covered participants (311 participants); asset peers above are excluded.
- Syscom, Inc. 401(k) Plan (CO) 311 · 0 off
- La Jolla Institute for Immunology Retirement Savings Plan (CA) 311 · 0 off
- Grant Aviation, Inc. 401(k) Profit Sharing Plan (AK) 311 · 0 off
- Coleman Oil Company 401(k) Plan (ID) 311 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.