Profit Sharing · DOL Form 5500 · 2024

Global Tungsten & Powders LLC Profit Sharing Plan

Data updated 2026-07-24

$20M
Total assets
244
Participants
70th
Percentile by assets
$81,736
Avg per participant
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Official DOL plan name: Gtp Retirement Plan · Sponsored by Global Tungsten & Powders LLC · Pennsylvania · Manufacturing

$20M in assets, 244 participants

Global Tungsten & Powders LLC's Gtp Retirement Plan reported $20M in total assets and 244 participants in its 2024 DOL Form 5500 filing, ranking in the 70th 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.

  • 70th percentile by assets (of 116,472 plans)

Coverage in Pennsylvania

Gtp Retirement Plan covers 244 participants in Pennsylvania, about 30% of the average Pennsylvania filer (state average ~824 per filing). Assets: $20M.

$20M
total plan assets (2024 EOY)
244
covered participants
70th
percentile by assets (of 116,472 plans)
$81,736
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Gtp Retirement Plan reported net income fell from $3M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Gtp Retirement Plan end-of-year assets rose from $18M in the plan year 2023 filing to $20M in the plan year 2024 filing.
  • Gtp Retirement Plan reported participants fell from 274 in the plan year 2023 filing to 244 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Industry

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. Gtp Retirement Plan reports 244 participants - about 30% of that state average ($20M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$20M
Net Income$2M
Employer EIN770720929
Plan Effective Date2016-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Global Tungsten & Powders LLC)

$100M$120M$140M$160M$180M$200M 202220232024 $175M $119M ▼ -32.2%
Total plan assets by year, all Global Tungsten & Powders LLC plans on file
Year Plans Participants Total Assets
2022 3 992 $175M
2023 3 979 $178M
2024 2 705 $119M

Nearby Profit Sharing Plans in Pennsylvania

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

Gtp Retirement Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants

Gtp Retirement Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -0.500.511.522.5 Total assets ($B) Participants Gtp Retirement PlanEastern Atlantic Sta…University of Pennsy…International Brothe…Temple University He…Steamfitters Local U…
Gtp Retirement Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Gtp Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Gtp Retirement Plan assets move in 2024?
Gtp Retirement Plan grew at a solid clip - up 11.0% during 2024, from $18M to $20M. Reported net income was $2M.
How have Global Tungsten & Powders LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Global Tungsten & Powders LLC's sponsor-wide assets declined 32.2%, from $175M to $119M.
Which Profit Sharing plans are similar in size to Gtp Retirement Plan?
Among Profit Sharing plans in other states, the closest by assets is New-Com, Inc. Employees Profit Sharing Plan in NV ($20M, 88 participants).

Filing takeaways

Ways to act on Gtp Retirement Plan's numbers.

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 770720929.

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