401(k) · DOL Form 5500 · 2024

Salem Holding Company 401(k) Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
818
Participants Near avg headcount
79th
Percentile by assets National rank
$42,553
Avg per participant Low balance/head
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Official DOL plan name: Salem Holding Company 401(k) Profit Sharing Plan · Sponsored by Salem Holding Company · North Carolina · Wholesale Trade

$35M in assets, 818 participants

Salem Holding Company's Salem Holding Company 401(k) Profit Sharing Plan reported $35M in total assets and 818 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #4,806 in Wholesale Trade (6,080 peers)

Where Salem Holding Company 401(k) Profit Sharing Plan sits by assets

Salem Holding Company 401(k) Profit Sharing Plan sits in the top quartile of all filed plans by assets, $35M for 818 participants (~$42,553/participant), up 7.7% in 2024.

#4,806
in Wholesale Trade (6,080 peers)
+7.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Salem Holding Company 401(k) Profit Sharing Plan's outsized position by total assets

Salem Holding Company 401(k) Profit Sharing Plan vs every filed plan by assets

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

$34,808,263 Top 21% higher than 79% 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

Salem Holding Company 401(k) 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. Salem Holding Company 401(k) Profit Sharing Plan sits mid-pack in the medium band (818 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Salem Holding Company 401(k) Profit Sharing Plan reported net income fell from $4M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Salem Holding Company 401(k) Profit Sharing Plan end-of-year assets rose from $32M in the plan year 2023 filing to $35M in the plan year 2024 filing.
  • Salem Holding Company 401(k) Profit Sharing Plan reported participants fell from 831 in the plan year 2023 filing to 818 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 561740888 · Salem Holding Company PY 2024 · 401(k)

Salem Holding Company 401(k) Profit Sharing Plan · $35M · 818 · 79th

  • EIN $35M
  • EIN 818
  • EIN 79th
  • EIN 401(k)
  • EIN near Cdm Investment Group, Inc. 401(k) Savings Plan
  • EIN ind #4806

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 Wholesale Trade retirement plans → · Plans in North Carolina →

Salem Holding Company 401(k) Profit Sharing Plan in the asset neighbourhood

Salem Holding Company 401(k) Profit Sharing PlanSalem Holding Company 401(k)…$35MCdm Investment Group, Inc. 401(k) Savings PlanCdm Investment Group, Inc. 4…$35MCreative Associates International, Inc. Incentive Savings ProgramCreative Associates Internat…$35MPeoples Bank Employees Savings & Profit Sharing Plan and TrustPeoples Bank Employees Savin…$35MEdco Products, Incorporated 401(k) Profit Sharing PlanEdco Products, Incorporated …$35M
End-of-year total assets ($M) among Salem Holding Company 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$35M
Net Income$2M
Employer EIN561740888
Plan Effective Date1987-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Salem Holding Company)

Sponsor-wide plan assets over time

All Salem Holding Company plans reported in each filing year

Latest sponsor-wide plan assets
$35M 25.052139392850727% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $27.8M $34.8M ▲ +25.0%
Year Plans Participants Total Assets
2022 1 797 $28M
2023 1 831 $32M
2024 1 818 $35M

Nearby 401(k) Plans in North Carolina

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

Salem Holding Company 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Salem Holding Company 401(k) Profit Sharing Plan, Total assets ($B): 0.034808263 · Participants: 818Salem Holding Company 401(k) 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
Salem Holding Company 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Salem Holding Company 401(k) Profit Sharing Plan side-by-side with 3 peers →

Salem Holding Company 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Cdm Investment Group, Inc. 401(k) Savings Plan in NE ($35M); by covered participants it is Doximity 401(k) Plan in CA (818 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (818 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 Salem Holding Company 401(k) Profit Sharing Plan assets move in 2024? ▼
Salem Holding Company 401(k) Profit Sharing Plan grew at a solid clip - up 7.7% during 2024, from $32M to $35M. Reported net income was $2M.
How have Salem Holding Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Salem Holding Company's sponsor-wide assets grew 25.1%, from $28M to $35M.
Where does Salem Holding Company 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Salem Holding Company 401(k) Profit Sharing Plan ranks in the 79th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Salem Holding Company 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cdm Investment Group, Inc. 401(k) Savings Plan in NE ($35M, 271 participants).
Which 401(k) plans cover a similar participant headcount to Salem Holding Company 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Doximity 401(k) Plan in CA (818 participants, $79M 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 561740888.

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.