Industry · Form 5500 business code 423800
Machinery, Equipment, & Supplies: 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, 456 retirement plans in machinery, equipment, & supplies with 100 or more participants filed Form 5500: 447 defined contribution and 9 defined benefit. They reported 299,269 participant records and $25.7B in net assets, counting every plan on the form.
The median defined contribution plan held $76,359 per participant, well above the national median of $53,031, and its employer put in $2,440 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $178 per participant against $123 nationally.
Employers contributed $780M and participants $1.24B during the year, and the plans paid out $2.57B in benefits.
In 2009 the same group numbered 398 plans with $7.19B; by 2024 it was 456 plans (up 15%) and $25.7B (up 257%). 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 | $76,359 | $53,031 | $67,692 | $86,234 |
| Employer contributions per active participant | $2,440 | $2,174 | $19,849 | $10,244 |
| Schedule C compensation per participant | $178 | $123 | $415 | $344 |
| Schedule C compensation, share of net assets | 0.25% | 0.26% | 0.53% | 0.42% |
| Administrative expenses per participant | $173 | $116 | $613 | $527 |
Medians across plans with 100 or more participants (420 DC and 9 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 | $51,283 | $76,359 | $112,647 | 420 |
| Employer contributions per active participant | $1,608 | $2,440 | $3,696 | 410 |
| Schedule C compensation per participant | $78.49 | $178 | $280 | 391 |
| Administrative expenses per participant | $77.48 | $173 | $272 | 399 |
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 | 83 | 75,835 | $6.76B | $247M | $343M | $96,063 | $184 |
| 2024 | 456 | 299,269 | $25.7B | $780M | $1.24B | $76,359 | $178 |
| 2023 | 463 | 287,469 | $22.8B | $673M | $1.12B | $71,919 | $146 |
| 2022 | 489 | 275,945 | $19.6B | $593M | $1.01B | $60,558 | $149 |
| 2021 | 476 | 255,231 | $22.3B | $532M | $878M | $73,879 | $166 |
| 2020 | 471 | 241,109 | $20.1B | $495M | $768M | $70,728 | $142 |
| 2019 | 473 | 240,236 | $17.6B | $514M | $730M | $64,449 | $123 |
| 2018 | 455 | 225,994 | $14.5B | $507M | $643M | $54,987 | $109 |
| 2017 | 451 | 212,587 | $15.1B | $436M | $573M | $60,811 | $73.51 |
| 2016 | 431 | 200,492 | $12.7B | $353M | $505M | $55,285 | $62.58 |
| 2015 | 421 | 194,589 | $11.8B | $414M | $454M | $51,676 | $53.63 |
| 2014 | 412 | 187,701 | $12.0B | $444M | $412M | $54,521 | $46.57 |
| 2013 | 404 | 185,341 | $11.6B | $423M | $382M | $52,998 | $47.93 |
| 2012 | 384 | 170,038 | $9.45B | $385M | $324M | $47,367 | $41.26 |
| 2011 | 375 | 165,919 | $8.11B | $361M | $294M | $42,152 | $39.33 |
| 2010 | 374 | 172,012 | $8.20B | $298M | $280M | $41,508 | $42.43 |
| 2009 | 398 | 181,456 | $7.19B | $265M | $287M | $34,975 | $38.53 |
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 459 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 459 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| W. W. Grainger, Inc. Retirement Savings Plan | W.W. Grainger, Inc. | IL | DC | 31,194 | $3.78B | $121,121 | $4,879 | $44.82 |
| ABC Supply Company Employees' Savings & Retirement Plan | American Builders & Contractors Supply Co. Inc. | WI | DC | 20,980 | $1.56B | $74,421 | $5,953 | $71.98 |
| Offutt Companies 401(k) Savings Plan | R.D. Offutt Company | ND | DC | 6,727 | $702M | $104,389 | $3,820 | $82.79 |
| Pool Corporation 401(k) Plan | SCP Distributors, LLC | LA | DC | 6,194 | $491M | $79,210 | $2,223 | $63.47 |
| The Pape' Group, Inc. Profit Sharing 401(k) Plan | The Pape' Group, Inc. | OR | DC | 5,930 | $442M | $74,506 | $2,181 | $78.14 |
| Holt Companies Retirement Plan | B. D. Holt Company | TX | DC | 5,617 | $505M | $89,903 | $4,633 | $86.05 |
| Parts Town Unlimited, LLC 401(k) Plan | Parts Town Unlimited, LLC | IL | DC | 5,220 | $157M | $30,074 | $1,365 | $68.08 |
| DXP Enterprises, Inc. 401(k) Retirement Plan | DXP Enterprises, Inc. | TX | DC | 4,159 | $250M | $60,120 | $2,603 | $14.76 |
| H&e Equipment Services, Inc. 401(k) Profit Sharing | H&e Equipment Services, Inc. | LA | DC | 3,811 | $179M | $47,052 | $1,880 | $140 |
| Vallen Distribution, Inc. 401(k) Plan | Vallen Distribution, Inc. | NC | DC | 3,753 | $273M | $72,759 | $1,391 | $98.22 |
| Employees' Retirement and Savings Plan of Carter Machinery Company, Inc. | Carter Machinery Company, Inc. | VA | DC | 3,384 | $466M | $137,770 | $6,084 | $50.65 |
| Macallister Profit Sharing & Savings Plan | Macallister Machinery Co., Inc. | IN | DC | 2,755 | $514M | $186,744 | $5,264 | $88.99 |
| Peterson Holding Co. Incentive Retirement Plan | Peterson Holding Company | CA | DC | 2,705 | $296M | $109,268 | $2,402 | $44.91 |
| Chiquita/fresh Express Savings and Investment Plan | Chiquita Brands International | IN | DC | 2,477 | $156M | $63,173 | $1,050 | $118 |
| Jre & 4R Employee Retirement Plan | Jre Holdings, Inc. | VA | DC | 2,349 | $182M | $77,332 | $2,978 | $161 |
| Wagner Equipment Co. Retirement Savings Plan | Wagner Equipment Co. | CO | DC | 2,292 | $318M | $138,769 | $6,779 | $57.38 |
| Doggett Company, LLC 401(k) Plan | Doggett Company, LLC | TX | DC | 2,288 | $65.0M | $28,413 | $1,025 | $76.80 |
| Ohio Transmission Holding LLC 401(k) Plan | Ohio Transmission Holding LLC | OH | DC | 2,249 | $151M | $67,221 | $2,123 | $131 |
| Quinn Group, Inc. Retirement Plan | Quinn Group, Inc. | CA | DC | 2,101 | $236M | $112,206 | $6,187 | $320 |
| Thompson Tractor Co., Inc. Profit Sharing Plan and Trust Agreement | Thompson Tractor Co., Inc. | AL | DC | 2,000 | $269M | $134,389 | $3,532 | $124 |
| Cleveland Brothers Retirement Plan | Cleveland Brothers Holdings, Inc. | PA | DC | 1,916 | $284M | $148,101 | $4,748 | $93.87 |
| Kubota Tractor 401(k) Plan | Kubota Tractor Corp. | TX | DC | 1,910 | $164M | $86,076 | $5,374 | $121 |
| Onpoint Group, LLC 401(k) Plan | Onpoint Group, LLC | OH | DC | 1,862 | $73.7M | $39,591 | $1,027 | $125 |
| Gregory Poole Equipment Company Retirement Savings and Profit Sharing Plan | Gregory Poole Equipment Company | NC | DC | 1,783 | $167M | $93,901 | $1,991 | $123 |
| Milton Cat 401(k) Plan | Southworth-Milton Inc. | MA | DC | 1,777 | $157M | $88,241 | $3,389 | $96.64 |
| Direct Supply, Inc. 401(k) Retirement Savings Plan | Direct Supply, Inc. | WI | DC | 1,765 | $346M | $196,088 | $4,104 | $131 |
| Harnish Group Inc. Retirement Plan | Harnish Group Inc. | WA | DC | 1,644 | $287M | $174,614 | $9,988 | $242 |
| Echo, Inc. Deferred Savings Plan | Echo, Inc. | IL | DC | 1,542 | $102M | $66,015 | $2,688 | $57.28 |
| Eastern Lift Truck Co., Inc. 401(k) Retirement Plan | Eastern Lift Truck Co., Inc. | NJ | DC | 1,477 | $70.6M | $47,799 | $868 | $21.75 |
| Duraserv Corp. Retirement Savings Plan | Duraserv LLC | TX | DC | 1,386 | $35.4M | $25,574 | $961 | $75.26 |
| Sunsource Savings and Investment Plan | STS Operating, Inc. | IL | DC | 1,350 | $168M | $124,080 | $1,911 | $74.48 |
| Singer Equipment Co., Inc. 401(k) Retirement Plan | Singer Equipment Co., Inc. | PA | DC | 1,345 | $71.7M | $53,287 | $1,705 | $102 |
| Conmac Investments, Inc. 401(k) Profit Sharing Plan | Holden Conner Conmac, LLC | AR | DC | 1,290 | $54.8M | $42,510 | $1,797 | $19.41 |
| Butler Machinery Company Retirement Plan | Butler Machinery Company | ND | DC | 1,284 | $261M | $203,031 | $9,198 | $84.66 |
| Festo Corporation 401(k) Plan | Festo Corporation | NY | DC | 1,267 | $171M | $135,015 | $3,048 | $132 |
| Avelo Airlines 401(k) Plan | Avelo Airlines, Inc. | TX | DC | 1,254 | $19.9M | $15,898 | $1,822 | $19.46 |
| DMG Mori 401(k) & Profit Sharing Plan | DMG Mori USA, Inc. | IL | DC | 1,196 | $137M | $114,525 | $4,388 | $117 |
| Purvis 401(k) Plan | Purvis Industries, LLC | TX | DC | 1,188 | $55.5M | $46,707 | $2,673 | $89.87 |
| Yanmar Group 401(k) Savings Plan | Yanmar America Corporation | GA | DC | 1,161 | $73.2M | $63,079 | $2,571 | $206 |
| Altorfer Retirement Plan | Altorfer Inc. | IA | DC | 1,138 | $163M | $143,078 | $3,363 | $39.70 |
By plan size
By state
Questions and answers
How many retirement plans are there in machinery, equipment, & supplies?
456 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 747 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 machinery, equipment, & supplies?
The median defined contribution plan reported $76,359 in net assets per participant (middle half of plans: $51,283 to $112,647); 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 machinery, equipment, & supplies?
The median defined contribution plan received $2,440 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 machinery, equipment, & supplies?
Among defined contribution plans that report any Schedule C compensation, the median was $178 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.