Industry · Form 5500 business code 332400
Boiler, Tank, & Shipping Container Mfg: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
48 retirement plans in boiler, tank, & shipping container mfg with 100 or more participants filed Form 5500 for plan year 2024 (43 defined contribution, 5 defined benefit). All Form 5500 pension filers in the group reported 26,265 participant records and $2.36B in net assets.
The median defined contribution plan held $64,048 per participant, above the national median of $53,031, and its employer put in $2,542 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $159 per participant against $123 nationally.
Employers contributed $81.0M and participants $50.5M during the year, and the plans paid out $209M in benefits.
In 2009 the same group numbered 56 plans with $807M; by 2024 it was 48 plans (down 14%) and $2.36B (up 192%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $64,048 | $53,031 | $79,401 | $86,234 |
| Employer contributions per active participant | $2,542 | $2,174 | $20,744 | $10,244 |
| Schedule C compensation per participant | $159 | $123 | $432 | $344 |
| Schedule C compensation, share of net assets | 0.25% | 0.26% | 0.53% | 0.42% |
| Administrative expenses per participant | $142 | $116 | $540 | $527 |
Medians across plans with 100 or more participants (39 DC and 5 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $43,380 | $64,048 | $95,104 | 39 |
| Employer contributions per active participant | $1,374 | $2,542 | $2,948 | 39 |
| Schedule C compensation per participant | $74.74 | $159 | $239 | 35 |
| Administrative expenses per participant | $34.03 | $142 | $210 | 35 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2024 | 48 | 26,265 | $2.36B | $81.0M | $50.5M | $64,048 | $159 |
| 2023 | 50 | 25,664 | $2.23B | $94.8M | $44.8M | $61,330 | $133 |
| 2022 | 57 | 33,292 | $2.07B | $75.1M | $43.9M | $48,194 | $140 |
| 2021 | 53 | 33,130 | $3.04B | $65.3M | $38.8M | $59,163 | $157 |
| 2020 | 56 | 34,321 | $2.94B | $56.5M | $36.9M | $51,419 | $113 |
| 2019 | 53 | 27,733 | $2.03B | $47.4M | $36.7M | $49,002 | $147 |
| 2018 | 53 | 19,970 | $1.49B | $115M | $33.6M | $46,331 | $119 |
| 2017 | 55 | 20,993 | $1.52B | $38.3M | $34.1M | $48,379 | $90.60 |
| 2016 | 55 | 21,101 | $1.35B | $48.4M | $33.3M | $43,574 | $91.98 |
| 2015 | 52 | 24,235 | $1.28B | $37.1M | $31.4M | $38,062 | $70.08 |
| 2014 | 53 | 22,406 | $1.19B | $36.9M | $26.8M | $36,862 | $67.61 |
| 2013 | 58 | 25,516 | $1.48B | $40.4M | $24.0M | $35,338 | $56.39 |
| 2012 | 55 | 24,132 | $1.27B | $58.8M | $20.1M | $29,444 | $58.96 |
| 2011 | 47 | 22,865 | $910M | $54.3M | $19.4M | $34,659 | $53.45 |
| 2010 | 53 | 25,230 | $944M | $51.0M | $20.6M | $27,084 | $35.79 |
| 2009 | 56 | 26,018 | $807M | $52.6M | $21.5M | $23,469 | $25.70 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 50 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 50 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Greif Pension Plan | Greif Packaging LLC | OH | DB | 5,942 | $472M | $79,401 | — | $417 |
| Cleaver-Brooks Inc. Retirement and Savings Plan | The Cleaver-Brooks Company, Inc. | GA | DC | 1,217 | $112M | $91,702 | $2,927 | $43.05 |
| Ba Holdings, Inc. Savings Plan | Ba Holdings, Inc. | CA | DC | 1,050 | $67.6M | $64,368 | $2,542 | $159 |
| The Mauser Consolidated Pension Plan | Bway Corporation | GA | DB | 1,024 | $34.3M | $33,508 | $4,395 | $47.03 |
| Boilermakers Local Lodge No. 5 Annuity Fund | Board of Trustees-Boilermakers Local Lodge No. 5 Annuity Fund | NY | DC | 886 | $53.9M | $60,852 | $3,522 | $153 |
| American Water Heater Company Pension Plan for the Johnson City, Tennessee Manufacturing Bargaining Unit | A.O. Smith Corporation | WI | DB | 845 | $18.3M | $21,638 | — | $432 |
| Kelvion Inc. Savings Plan | Kelvion Inc. | OK | DC | 807 | $47.9M | $59,385 | $2,969 | $108 |
| International Brotherhood of Boilermakers Officers and Employees' Pension Plan | Trustees of the Intn'l Brotherhood of Boilermakers Iron Ship Builders, | MO | DB | 772 | $148M | $191,127 | $37,093 | $620 |
| Api Heat Transfer Inc. 401(k) Plan | Api Heat Transfer Inc. | NY | DC | 727 | $52.0M | $71,518 | $2,183 | $17.88 |
| HBH Holdings, Inc. 401(k) | Enerfab, Inc. | OH | DC | 710 | $56.7M | $79,902 | $2,664 | $280 |
| LT Corporation & Affiliates Employee Stock Ownership Plan | LT Corporation, Inc. | MS | DC | 704 | $161M | $228,001 | $19,068 | — |
| McElroy Metal Mill, Inc. Employee Stock Ownership Plan | McElroy Metal Mill, Inc. | LA | DC | 617 | −$71.1M | — | $62,126 | — |
| Kelvion Products Inc. 401(k) Plan | Kelvion Products Inc. | TN | DC | 572 | $15.7M | $27,414 | $2,692 | $182 |
| Cleveland Steel Container Corporation Employee Stock Ownership Plan | Cleveland Steel Container Corp. | OH | DC | 569 | $481M | $846,040 | $3,014 | — |
| Caldwell Tanks Profit Sharing 401(k) Plan | Caldwell Tanks, Inc. | KY | DC | 545 | $34.4M | $63,139 | $1,703 | $208 |
| LT Corporation & Affiliates Savings Plan | LT Corporation & Affiliates | MS | DC | 530 | $26.7M | $50,458 | $2,880 | $134 |
| Neighbors & Associates, Inc. Employee Stock Ownership Plan | Neighbors & Associates, Inc. | KS | DC | 489 | $46.6M | $95,208 | $598 | — |
| Fulton Group NA 401(k) Plan | Fulton Group NA, Inc. | NY | DC | 487 | $73.5M | $151,010 | $4,164 | $176 |
| Satco, Inc. 401(k) Retirement Plan | Satco, Inc. | CA | DC | 453 | $43.0M | $94,999 | $2,804 | $156 |
| Highland Tank, LLC 401(k) Plan | Highland Tank, LLC | PA | DC | 411 | $42.9M | $104,485 | $2,792 | $23.38 |
| Helfrich Bros Boiler Works, Inc. 401(k) Plan | Helfrich Bros Boiler Works, Inc. | MA | DC | 396 | $11.9M | $30,103 | $1,366 | $190 |
| Phoenix Fabricators and Erectors, LLC Profit Sharing Plan and Trust | Phoenix Fabricators and Erectors, LLC | IN | DC | 358 | $7.9M | $22,163 | $1,378 | $104 |
| Fiba Tech 401(k) Profit Sharing Plan | Fiba Technologies, Inc. | MA | DC | 340 | $22.7M | $66,674 | $1,369 | $177 |
| Neighbors & Associates, Inc. 401(k) Plan | Neighbors & Associates, Inc. | KS | DC | 317 | $19.2M | $60,723 | $1,512 | $195 |
| Asc Process System, Inc. 401(k) Plan | Asc Process System, Inc. | CA | DC | 315 | $20.8M | $66,081 | $1,398 | $14.76 |
| Fresno Valves & Castings, Inc. 401(k) Profit Sharing Plan | Fresno Valves & Castings, Inc. | CA | DC | 311 | $37.3M | $119,980 | $4,054 | $276 |
| Victory Energy Operations, L.L.C. 401(k) Profit Sharing Plan | Victory Energy Operations, L.L.C. | OK | DC | 295 | $15.5M | $52,466 | $2,836 | $30.21 |
| Ikg USA, LLC 401(k) Plan | Ikg USA, LLC | TX | DC | 279 | $12.2M | $43,618 | $2,737 | $197 |
| Hurst Boiler & Welding Co., Inc. 401(k) Plan | Hurst Boiler & Welding Co., Inc. | GA | DC | 274 | $16.3M | $59,499 | $2,913 | $310 |
| Precision Build Solutions, LLC Profit Sharing Plan | Precision Build Solutions, LLC | FL | DC | 270 | $5.9M | $21,957 | — | $163 |
| Associated Construction and Engineering, Inc. 401(k) Profit Sharing Plan | Associated Construction and Engineering, Inc. | CA | DC | 269 | $6.0M | $22,263 | $5,404 | $145 |
| Preload Profit Sharing 401(k) Plan | Preload, LLC | KY | DC | 261 | — | — | — | — |
| Catalina Cylinders, Inc. Employee Stock Ownership Plan | Catalina Cylinders, Inc. | CA | DC | 242 | $1.6M | $6,703 | $1,974 | — |
| Brask, Inc. 401(k) Plan | Brask, Inc. | LA | DC | 212 | $13.7M | $64,710 | $1,256 | $238 |
| Eaton 401(k) Profit Sharing Plan | Eaton Metal Products Company, LLC | CO | DC | 201 | $15.5M | $77,207 | $1,098 | $574 |
| Wellons Group, Inc. Profit Sharing Plan and Trust | Wellons Group, Inc. | WA | DC | 199 | $45.5M | $228,535 | $0 | $353 |
| Paradise Grilling Systems, Inc. 401(k) Plan | Paradise Grills International, I | FL | DC | 186 | $2.3M | $12,438 | $1,726 | $64.03 |
| Si East LLC 401(k) Plan | Si East LLC | NC | DC | 171 | $10.4M | $60,821 | $2,139 | $94.95 |
| Superior Holding, Inc. 401(k) | Superior Holding, Inc. | KS | DC | 167 | $6.5M | $39,144 | $1,636 | $109 |
| Dci, Inc. 2013 Amended and Restated Employee Stock Ownership Plan | Dci, Inc. | MN | DC | 166 | $20.1M | $121,167 | $8,968 | — |
By plan size
By state
Questions and answers
How many retirement plans are there in boiler, tank, & shipping container mfg?
48 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 72 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in boiler, tank, & shipping container mfg?
The median defined contribution plan reported $64,048 in net assets per participant (middle half of plans: $43,380 to $95,104); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in boiler, tank, & shipping container mfg?
The median defined contribution plan received $2,542 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in boiler, tank, & shipping container mfg?
Among defined contribution plans that report any Schedule C compensation, the median was $159 per participant and 0.25% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.