Industry · Form 5500 business code 332610
Spring & Wire Product 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.
For plan year 2024, 57 retirement plans in spring & wire product mfg with 100 or more participants filed Form 5500: 53 defined contribution and 4 defined benefit. They reported 42,802 participant records and $3.14B in net assets, counting every plan on the form.
The median defined contribution plan held $60,368 per participant, above the national median of $53,031, and its employer put in $1,869 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $140 per participant against $123 nationally.
Employers contributed $84.1M and participants $163M during the year, and the plans paid out $352M in benefits.
In 2009 the same group numbered 60 plans with $1.32B; by 2024 it was 57 plans (down 5%) and $3.14B (up 139%). 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 | $60,368 | $53,031 | $52,927 | $86,234 |
| Employer contributions per active participant | $1,869 | $2,174 | $11,650 | $10,244 |
| Schedule C compensation per participant | $140 | $123 | $527 | $344 |
| Schedule C compensation, share of net assets | 0.26% | 0.26% | 1.0% | 0.42% |
| Administrative expenses per participant | $135 | $116 | $973 | $527 |
Medians across plans with 100 or more participants (52 DC and 4 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 | $40,923 | $60,368 | $90,702 | 52 |
| Employer contributions per active participant | $1,225 | $1,869 | $2,522 | 52 |
| Schedule C compensation per participant | $83.21 | $140 | $233 | 49 |
| Administrative expenses per participant | $59.50 | $135 | $226 | 52 |
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 | 57 | 42,802 | $3.14B | $84.1M | $163M | $60,368 | $140 |
| 2023 | 63 | 44,444 | $2.94B | $97.3M | $160M | $57,920 | $127 |
| 2022 | 68 | 43,712 | $2.55B | $91.0M | $141M | $45,840 | $110 |
| 2021 | 67 | 42,387 | $3.07B | $71.6M | $122M | $52,002 | $104 |
| 2020 | 72 | 41,439 | $2.84B | $64.6M | $105M | $51,518 | $85.64 |
| 2019 | 70 | 33,820 | $2.00B | $61.5M | $93.7M | $48,054 | $86.25 |
| 2018 | 72 | 39,026 | $2.11B | $59.8M | $89.5M | $40,284 | $72.03 |
| 2017 | 70 | 37,108 | $2.23B | $53.8M | $81.8M | $47,698 | $71.16 |
| 2016 | 71 | 36,767 | $2.03B | $65.9M | $75.8M | $41,463 | $69.54 |
| 2015 | 69 | 36,532 | $1.89B | $73.7M | $65.7M | $43,322 | $48.58 |
| 2014 | 65 | 35,812 | $1.81B | $44.5M | $63.1M | $42,354 | $44.85 |
| 2013 | 64 | 36,887 | $1.77B | $41.9M | $58.8M | $41,545 | $41.01 |
| 2012 | 64 | 35,235 | $1.58B | $44.1M | $53.6M | $41,817 | $43.53 |
| 2011 | 62 | 35,053 | $1.40B | $33.4M | $46.7M | $37,726 | $47.90 |
| 2010 | 58 | 30,455 | $1.28B | $45.4M | $41.7M | $41,912 | $39.75 |
| 2009 | 60 | 37,326 | $1.32B | $34.4M | $40.7M | $38,444 | $35.34 |
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 58 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 58 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Prysmian Group 401(k) Plan | Prysmian Cables and Systems (US) Inc. | KY | DC | 6,880 | $703M | $102,220 | $3,591 | $76.93 |
| Southwire Company Hourly 401(k) Plan | Southwire Company, LLC | GA | DC | 6,816 | $250M | $36,709 | $834 | $67.11 |
| MW Industries, Inc. Consolidated Employer Retirement Savings Plan | Matthew Warren Inc. DBA MW Industries Inc. | IL | DC | 3,339 | $196M | $58,590 | $2,471 | $88.61 |
| Southwire Company Salaried 401(k) Plan | Southwire Company, LLC | GA | DC | 2,835 | $506M | $178,498 | $3,837 | $262 |
| Prysmian Pension Plan | Prysmian Cables and Sys USA, LLC | KY | DB | 1,718 | $76.0M | $44,258 | $9,135 | $445 |
| Fort Wayne Metals Research Products, LLC Retirement Savings Plan | Fort Wayne Metals Research Products, LLC. | IN | DC | 1,708 | $173M | $101,315 | $2,680 | $239 |
| Maclean Power 401(k) Plan | Maclean Power, LLC | SC | DC | 1,543 | $64.5M | $41,796 | $2,196 | $190 |
| Phifer Retirement and 401(k) Savings Plan | Phifer Incorporated | AL | DC | 1,295 | $184M | $142,082 | $4,706 | $34.45 |
| Stabilus, Inc. 401(k) Plan | Stabilus, Inc. | NC | DC | 1,213 | $59.6M | $49,165 | $2,183 | $98.83 |
| Insteel Industries, Inc. Retirement Savings Plan | Insteel Industries , Inc. | NC | DC | 1,078 | $76.8M | $71,282 | $2,216 | $88.72 |
| Hickory Springs Retirement Plan | Hickory Springs Manufacturing Co. | NC | DB | 1,000 | $61.6M | $61,596 | $17,506 | $597 |
| Wireco Worldgroup, Inc. 401(k) Savings Plan | Wireco Worldgroup Inc. | KS | DC | 648 | $58.3M | $89,908 | $3,474 | $73.30 |
| Bal Seal Engineering, Inc. Savings & Investment Plan | Bal Seal Engineering, Inc. | CA | DC | 605 | $40.7M | $67,194 | $2,002 | $312 |
| Copperweld Bimetallics LLC Savings Plan | Copperweld Bimetallics LLC | TN | DC | 604 | $15.8M | $26,154 | $1,535 | $4.62 |
| Oklahoma Steel & Wire Co., Inc. 401(k) Profit Sharing Retirement Plan | Oklahoma Steel & Wire Company, Inc. | OK | DC | 595 | $21.3M | $35,763 | $291 | $46.03 |
| The McAlear Group, Inc. Retirement Plan | The McAlear Group, Inc. DBA Service Spring Corp. | OH | DC | 576 | $17.4M | $30,217 | $1,671 | $159 |
| CT Spring & Stamping Corporation 401(k) Profit Sharing Plan | The Connecticut Spring & Stamping Corporation | CT | DC | 429 | $29.9M | $69,746 | $1,404 | $138 |
| Automatic Spring Products Corporation 401(k) Profit Sharing Plan | Automatic Spring Products Corporation | MI | DC | 406 | $13.2M | $32,450 | $1,252 | $153 |
| Altenloh, Brinck & Co. US, Inc. 401(k) Plan | Altenloh, Brinck & Co. US, Inc. | OH | DC | 396 | $17.8M | $44,843 | $1,450 | $150 |
| Elektrisola Incorporated Profit Sharing Plan | Elektrisola Incorporated | NH | DC | 372 | $58.4M | $156,912 | $4,241 | $44.29 |
| Nasco 401(k) Savings & Pension Plan | Nasco, Inc. | KY | DC | 363 | $34.9M | $96,200 | $1,534 | $13.43 |
| Betts Company 401(k) Retirement Savings and Profit Sharing Plan | Betts Company | CA | DC | 351 | $19.0M | $54,041 | $386 | $210 |
| McIntosh Box & Pallet Co., Inc. 401(k) Profit Sharing Plan | McIntosh Box & Pallet Co., Inc. | NY | DC | 304 | $10.9M | $35,975 | $1,516 | $299 |
| Johnstown Wire Technologies, Inc. 401(k) Retirement Plan | Johnstown Wire Technologies Inc. DBA Liberty Wire Johnstown | PA | DC | 299 | $42.9M | $143,630 | $2,991 | — |
| Accent Family of Companies 401(k) Plan | Accent Packaging, Inc. | TX | DC | 283 | $19.5M | $68,927 | $1,968 | $324 |
| Suhm Spring Works, Inc. 401(k) Plan | Suhm Spring Works, Inc. | TX | DC | 279 | $17.7M | $63,541 | $3,457 | $178 |
| Mid-South Wire Company Profit Sharing Plan | Mid-South Wire Company | TN | DC | 278 | $19.5M | $70,097 | $2,051 | $36.78 |
| R&L Spring Company 401(k) Plan | R&L Spring Company | WI | DC | 275 | $25.7M | $93,566 | $1,767 | $234 |
| Mid American Steel & Wire Company, LLC 401(k) Profit Sharing Plan | Mid American Steel & Wire Company, LLC | OK | DC | 272 | $7.9M | $29,131 | $528 | $147 |
| Acme Monaco Corporation 401(k) Profit Sharing Plan | Acme Monaco Corporation | CT | DC | 259 | $10.7M | $41,493 | $474 | $114 |
| Twist, Inc. Profit Sharing Plan and Trust | Twist, Inc. | OH | DC | 240 | $11.9M | $49,719 | $1,144 | $127 |
| Kern-Liebers 401(k) Plan | Kern-Liebers USA Inc. | OH | DC | 227 | $7.3M | $31,989 | $1,775 | $153 |
| Luvata Appleton LLC Investment Plan | Luvata Appleton, LLC | WI | DC | 223 | $35.5M | $159,137 | $3,663 | $125 |
| Wire Experts Group, Inc. Employee Stock Ownership Plan | Wire Experts Group, Inc. | FL | DC | 220 | $14.9M | $67,932 | $12,428 | — |
| Mid West Fabricating Company 401(k) Retirement Plan | Mid West Fabricating Company | OH | DC | 216 | $19.8M | $91,459 | $1,618 | $22.14 |
| Newcomb Spring Corp. Retirement Plan | Newcomb Spring Corp. | GA | DC | 211 | $20.4M | $96,722 | $2,674 | $185 |
| Iowa Spring Manufacturing Inc. 401(k) Plan | Iowa Spring Manufacturing | IA | DC | 211 | $10.0M | $47,205 | $1,819 | $129 |
| C.I. Banker Wire and Iron Works, Inc. 401(k) Plan | Cib Wire & Iron Works, LLC | WI | DC | 203 | $13.4M | $66,054 | $2,411 | $278 |
| Dudek & Bock 401(k) Tax Deferred Savings Plan | Dudek & Bock Spring MFG | IL | DC | 198 | $17.1M | $86,154 | $530 | $83.35 |
| Southwestern Wire, Inc. 401(k) Profit Sharing Retirement Plan | Southwestern Wire, Inc. | OK | DC | 196 | $9.2M | $46,838 | $468 | $120 |
By plan size
By state
Questions and answers
How many retirement plans are there in spring & wire product mfg?
57 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 81 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 spring & wire product mfg?
The median defined contribution plan reported $60,368 in net assets per participant (middle half of plans: $40,923 to $90,702); 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 spring & wire product mfg?
The median defined contribution plan received $1,869 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 spring & wire product mfg?
Among defined contribution plans that report any Schedule C compensation, the median was $140 per participant and 0.26% 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.