Industry · Form 5500 business code 333510
Metalworking Machinery 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, 96 retirement plans in metalworking machinery mfg with 100 or more participants filed Form 5500: 88 defined contribution and 8 defined benefit. They reported 394,513 participant records and $20.4B in net assets, counting every plan on the form.
The median defined contribution plan held $92,797 per participant, well above the national median of $53,031, and its employer put in $2,381 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $160 per participant against $123 nationally.
Employers contributed $758M and participants $230M during the year, and the plans paid out $1.53B in benefits.
In 2009 the same group numbered 127 plans with $9.47B; by 2024 it was 96 plans (down 24%) and $20.4B (up 115%). 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 | $92,797 | $53,031 | $71,060 | $86,234 |
| Employer contributions per active participant | $2,381 | $2,174 | $6,224 | $10,244 |
| Schedule C compensation per participant | $160 | $123 | $351 | $344 |
| Schedule C compensation, share of net assets | 0.19% | 0.26% | 0.47% | 0.42% |
| Administrative expenses per participant | $171 | $116 | $642 | $527 |
Medians across plans with 100 or more participants (81 DC and 8 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 | $56,226 | $92,797 | $134,542 | 81 |
| Employer contributions per active participant | $1,284 | $2,381 | $3,878 | 80 |
| Schedule C compensation per participant | $84.73 | $160 | $270 | 79 |
| Administrative expenses per participant | $76.91 | $171 | $240 | 80 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 12 | 3,223 | $354M | $6.1M | $14.1M | $156,295 | $260 |
| 2024 | 96 | 394,513 | $20.4B | $758M | $230M | $92,797 | $160 |
| 2023 | 99 | 393,134 | $19.2B | $687M | $208M | $86,803 | $157 |
| 2022 | 117 | 381,324 | $18.3B | $637M | $216M | $63,355 | $150 |
| 2021 | 120 | 382,088 | $21.4B | $601M | $198M | $78,182 | $171 |
| 2020 | 130 | 382,495 | $19.9B | $584M | $201M | $76,453 | $143 |
| 2019 | 126 | 381,016 | $18.0B | $645M | $239M | $67,799 | $120 |
| 2018 | 123 | 378,977 | $16.2B | $581M | $221M | $60,985 | $92.11 |
| 2017 | 123 | 373,916 | $16.9B | $536M | $202M | $67,577 | $90.43 |
| 2016 | 123 | 339,253 | $14.3B | $507M | $148M | $59,434 | $73.54 |
| 2015 | 124 | 358,991 | $14.2B | $473M | $182M | $52,557 | $61.83 |
| 2014 | 123 | 347,590 | $14.3B | $463M | $162M | $53,342 | $46.09 |
| 2013 | 129 | 351,332 | $13.8B | $448M | $154M | $53,481 | $43.44 |
| 2012 | 125 | 354,437 | $12.2B | $447M | $143M | $45,535 | $35.20 |
| 2011 | 120 | 355,598 | $10.9B | $445M | $132M | $40,401 | $27.26 |
| 2010 | 124 | 343,201 | $10.8B | $446M | $101M | $41,823 | $33.65 |
| 2009 | 127 | 349,233 | $9.47B | $369M | $90.4M | $39,458 | $36.48 |
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 97 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 97 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| IAM National Pension Fund | Board of Trustees of the I.A.M. National Pension Fund | DC | DB | 311,750 | $14.7B | $47,179 | $6,224 | $189 |
| I.A.M. National Plan | Board of Trustees I.A.M. 401(k) Fund | DC | DC | 45,058 | $971M | $21,553 | $1,075 | $11.01 |
| Hypertherm Associate Stock Ownership Plan | Hypertherm, Inc. | NH | DC | 1,991 | $872M | $437,970 | $5,308 | $121 |
| Hypertherm, Inc. Retirement Savings Plan | Hypertherm, Inc. | NH | DC | 1,974 | $297M | $150,707 | $1,340 | $143 |
| Trumpf Inc. Employee Retirement Savings Plan | Trumpf Inc. | CT | DC | 1,857 | $277M | $149,164 | $6,673 | $95.43 |
| Metals Technologies LLC Savings Plan | Primetals Technologies USA LLC | GA | DC | 1,333 | $269M | $201,439 | $4,925 | $152 |
| Marvin Engineering Co., Inc. 401(k) Plan | Marvin Engineering Co., Inc. | CA | DC | 1,238 | $55.4M | $44,731 | $1,476 | $67.05 |
| Gleason Corporation Retirement Savings Plan | Gleason Corporation | NY | DC | 1,199 | $274M | $228,880 | $4,609 | $140 |
| Rli Services LLC 401(k) Plan | Rli Services, LLC | IL | DC | 993 | $40.3M | $40,557 | $2,652 | $141 |
| The Savings & Investment Plan for Employees of Oberg Industries LLC | Oberg Industries, LLC | PA | DC | 864 | $116M | $134,542 | $5,673 | $160 |
| Forkardt Hardinge Retirement Plan | Workholding US Holdings, LLC | NY | DC | 769 | $64.4M | $83,756 | $3,891 | $41.10 |
| Dayton Progress/pcs Employee Retirement Plan | Dayton Progress Corporation | OH | DC | 769 | $101M | $131,234 | $2,363 | $145 |
| Stolle Machinery Company, LLC 401(k) Retirement Plan | Stolle Machinery Company, LLC | CO | DC | 695 | $77.9M | $112,083 | $4,668 | $293 |
| DRT Holdings, LLC Retirement Plan | DRT Holdings, LLC | OH | DC | 694 | $55.1M | $79,372 | $2,056 | $306 |
| Makino 401(k) Savings Plan | Makino, Inc. | OH | DC | 665 | $133M | $200,245 | $4,592 | $463 |
| The Bradbury Co., Inc. Profit Sharing 401(k) Plan | The Bradbury Co., Inc. | KS | DC | 591 | $70.7M | $119,553 | $1,888 | $129 |
| Makino Inc. Pension Plan | Makino Inc. | OH | DB | 564 | $40.3M | $71,391 | — | $163 |
| Cincinnati Incorporated Employees' 401(k) Plan | Cincinnati Incorporated | OH | DC | 543 | $58.9M | $108,510 | $3,703 | $58.17 |
| Murata Machinery USA, Inc. 401(k) Profit Sharing Plan | Murata Machinery USA, Inc. | NC | DC | 538 | $41.8M | $77,664 | $2,753 | $180 |
| Star Cutter Company & Subsidiaries 401(k) Plan | Star Cutter Co. | MI | DC | 513 | $37.2M | $72,588 | $2,208 | $121 |
| National Machinery LLC Savings Plan | National Machinery LLC | OH | DC | 501 | $64.3M | $128,309 | $3,687 | $35.21 |
| Peddinghaus Corporation Salary Savings Plan | Peddinghaus Corporation | IL | DC | 483 | $67.2M | $139,043 | $2,366 | $7.67 |
| Felling Trailers, Inc. 401(k) Plan | Felling Trailers, Inc. | MN | DC | 424 | $12.9M | $30,460 | $855 | $238 |
| Diversified Tooling Group Employees 401(k) and Profit Sharing Plan | Diversified Tooling Group, Inc. | MI | DC | 422 | $21.1M | $50,015 | $643 | $183 |
| Burr Oak Tool Inc. Employees' Profit Sharing Plan | Burr Oak Tool Inc. | MI | DC | 422 | $73.3M | $173,699 | $7,176 | $244 |
| Hydromat, Inc. of St. Louis Mo 401(k) Plan | Hydromat, Inc. of St. Louis, Mo | MO | DC | 420 | $39.0M | $92,797 | $1,254 | $326 |
| Viking Drill & Tool, Inc. Employee Stock Ownership Plan | Viking Drill & Tool, Inc. | MN | DC | 405 | $54.8M | $135,425 | $9,165 | — |
| Ingersoll Cutting Tool 401(k) Plan | Ingersoll Cutting Tool Company, Inc. | IL | DC | 404 | $113M | $280,833 | $2,996 | $36.47 |
| Greenleaf Corporation Savings and Retirement Plan | Greenleaf Corporation | PA | DC | 399 | $56.6M | $141,731 | $1,579 | $253 |
| Gravois Aluminum Boats, LLC 401(k) Profit Sharing Plan | Gravois Aluminum Boats, LLC | LA | DC | 395 | $10.6M | $26,874 | $2,137 | — |
| Nidec Minster Corporation Consolidated Pension Trust | Nidec Minster Corporation | OH | DB | 383 | $52.8M | $137,770 | — | $680 |
| Commercial Tool & Die, Inc. Employee 401(K)/PROFIT Sharing Plan | Commercial Tool & Die, Inc. | MI | DC | 368 | $25.2M | $68,498 | $1,085 | $220 |
| Calvary Design Team, Inc. 401(k) Plan | Calvary Design Team, Inc. DBA Calvary Robotics | NY | DC | 362 | $39.8M | $110,013 | $2,657 | $250 |
| JPW Industries Employees Retirement Plan | JPW Industries, Inc. | TN | DC | 355 | $24.8M | $69,811 | $2,031 | $363 |
| Butech, Inc. 401(k) Profit Sharing Plan | Butech, Inc. | OH | DC | 345 | $37.8M | $109,485 | $2,851 | $188 |
| Graco Fishing & Rental Tools, Inc. 401(k) and Profit Sharing Plan | Graco Fishing & Rental Tools, Inc. | TX | DC | 332 | $11.7M | $35,158 | $1,221 | $111 |
| Ktpo 401(k) Plan for Hourly Employees | Kuka Toledo Production Operations, LLC | OH | DC | 313 | $36.9M | $117,985 | $5,757 | $288 |
| McGregor Metalworking Companies 401(k) Profit Sharing Plan | McGregor Metal Holdings LLC | OH | DC | 311 | $11.4M | $36,507 | $532 | $63.55 |
| Employees Pension Plan of United Conveyor Corporation | United Conveyor, LLC | IL | DB | 309 | $21.9M | $70,729 | $10,033 | $323 |
| LH Carbide Profit Sharing & Salary Savings Plan | LH Carbide Tool & Die Corporation | IN | DC | 306 | $22.1M | $72,375 | $396 | $241 |
By plan size
By state
Questions and answers
How many retirement plans are there in metalworking machinery mfg?
96 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 147 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 metalworking machinery mfg?
The median defined contribution plan reported $92,797 in net assets per participant (middle half of plans: $56,226 to $134,542); 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 metalworking machinery mfg?
The median defined contribution plan received $2,381 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 metalworking machinery mfg?
Among defined contribution plans that report any Schedule C compensation, the median was $160 per participant and 0.19% 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.