Civic Intelligence

Frank Welch & Sons Co.

Plan context: Pension Plan for Employees of Frank Welch & Sons Co.

EIN 56-1424147 • Mount Airy, NC • 28 filings • 3 plans

1703 S. Main St.Mount Airy, NC 27030-5529
Current Snapshot

Latest Year

2023

2023 Participants

40

2023 Assets

$1,954,826

2023 Contributions

$275,000

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$3,556,838$1,778,419$0199920162023YearValue
$1,954,826Latest year 2023

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

42210199920122023YearValue
40Latest year 2023

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2023140$1,954,826$275,000$6,875iApproximate average salary by contribution assumption: employee only about $171,875 at 4% or $114,583 at 6%; with 50% employer match about $114,583 at 4% or $76,389 at 6%; with 100% employer match about $85,938 at 4% or $57,292 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-40$1,954,826$275,000$6,875iApproximate average salary by contribution assumption: employee only about $171,875 at 4% or $114,583 at 6%; with 50% employer match about $114,583 at 4% or $76,389 at 6%; with 100% employer match about $85,938 at 4% or $57,292 at 6%.
2022139$2,773,895$0-
Pension Plan for Employees of Frank Welch & Sons Co.-39$2,773,895$0-
2021139$2,711,108$0-
Pension Plan for Employees of Frank Welch & Sons Co.-39$2,711,108$0-
2020141$3,473,001$0-
Pension Plan for Employees of Frank Welch & Sons Co.-41$3,473,001$0-
2019140$3,189,649$200,000$5,000iApproximate average salary by contribution assumption: employee only about $125,000 at 4% or $83,333 at 6%; with 50% employer match about $83,333 at 4% or $55,556 at 6%; with 100% employer match about $62,500 at 4% or $41,667 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-40$3,189,649$200,000$5,000iApproximate average salary by contribution assumption: employee only about $125,000 at 4% or $83,333 at 6%; with 50% employer match about $83,333 at 4% or $55,556 at 6%; with 100% employer match about $62,500 at 4% or $41,667 at 6%.
2018141$3,556,838$0-
Pension Plan for Employees of Frank Welch & Sons Co.-41$3,556,838$0-
2017142$3,212,370$250,000$5,952iApproximate average salary by contribution assumption: employee only about $148,810 at 4% or $99,206 at 6%; with 50% employer match about $99,206 at 4% or $66,138 at 6%; with 100% employer match about $74,405 at 4% or $49,603 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-42$3,212,370$250,000$5,952iApproximate average salary by contribution assumption: employee only about $148,810 at 4% or $99,206 at 6%; with 50% employer match about $99,206 at 4% or $66,138 at 6%; with 100% employer match about $74,405 at 4% or $49,603 at 6%.
2016141$3,020,509$350,000$8,537iApproximate average salary by contribution assumption: employee only about $213,415 at 4% or $142,276 at 6%; with 50% employer match about $142,276 at 4% or $94,851 at 6%; with 100% employer match about $106,707 at 4% or $71,138 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-41$3,020,509$350,000$8,537iApproximate average salary by contribution assumption: employee only about $213,415 at 4% or $142,276 at 6%; with 50% employer match about $142,276 at 4% or $94,851 at 6%; with 100% employer match about $106,707 at 4% or $71,138 at 6%.
2015136$2,355,249$200,000$5,556iApproximate average salary by contribution assumption: employee only about $138,889 at 4% or $92,593 at 6%; with 50% employer match about $92,593 at 4% or $61,728 at 6%; with 100% employer match about $69,444 at 4% or $46,296 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-36$2,355,249$200,000$5,556iApproximate average salary by contribution assumption: employee only about $138,889 at 4% or $92,593 at 6%; with 50% employer match about $92,593 at 4% or $61,728 at 6%; with 100% employer match about $69,444 at 4% or $46,296 at 6%.
2014119$2,393,322$225,000$11,842iApproximate average salary by contribution assumption: employee only about $296,053 at 4% or $197,368 at 6%; with 50% employer match about $197,368 at 4% or $131,579 at 6%; with 100% employer match about $148,026 at 4% or $98,684 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-19$2,393,322$225,000$11,842iApproximate average salary by contribution assumption: employee only about $296,053 at 4% or $197,368 at 6%; with 50% employer match about $197,368 at 4% or $131,579 at 6%; with 100% employer match about $148,026 at 4% or $98,684 at 6%.
2013115$2,211,881$35,000$2,333iApproximate average salary by contribution assumption: employee only about $58,333 at 4% or $38,889 at 6%; with 50% employer match about $38,889 at 4% or $25,926 at 6%; with 100% employer match about $29,167 at 4% or $19,444 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-15$2,211,881$35,000$2,333iApproximate average salary by contribution assumption: employee only about $58,333 at 4% or $38,889 at 6%; with 50% employer match about $38,889 at 4% or $25,926 at 6%; with 100% employer match about $29,167 at 4% or $19,444 at 6%.
2012110$2,143,333$100,000$10,000iApproximate average salary by contribution assumption: employee only about $250,000 at 4% or $166,667 at 6%; with 50% employer match about $166,667 at 4% or $111,111 at 6%; with 100% employer match about $125,000 at 4% or $83,333 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-10$2,143,333$100,000$10,000iApproximate average salary by contribution assumption: employee only about $250,000 at 4% or $166,667 at 6%; with 50% employer match about $166,667 at 4% or $111,111 at 6%; with 100% employer match about $125,000 at 4% or $83,333 at 6%.
2011116$1,963,221$200,000$12,500iApproximate average salary by contribution assumption: employee only about $312,500 at 4% or $208,333 at 6%; with 50% employer match about $208,333 at 4% or $138,889 at 6%; with 100% employer match about $156,250 at 4% or $104,167 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-16$1,963,221$200,000$12,500iApproximate average salary by contribution assumption: employee only about $312,500 at 4% or $208,333 at 6%; with 50% employer match about $208,333 at 4% or $138,889 at 6%; with 100% employer match about $156,250 at 4% or $104,167 at 6%.
2010115$1,727,788$200,000$13,333iApproximate average salary by contribution assumption: employee only about $333,333 at 4% or $222,222 at 6%; with 50% employer match about $222,222 at 4% or $148,148 at 6%; with 100% employer match about $166,667 at 4% or $111,111 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-15$1,727,788$200,000$13,333iApproximate average salary by contribution assumption: employee only about $333,333 at 4% or $222,222 at 6%; with 50% employer match about $222,222 at 4% or $148,148 at 6%; with 100% employer match about $166,667 at 4% or $111,111 at 6%.
2009115$1,581,347$100,000$6,667iApproximate average salary by contribution assumption: employee only about $166,667 at 4% or $111,111 at 6%; with 50% employer match about $111,111 at 4% or $74,074 at 6%; with 100% employer match about $83,333 at 4% or $55,556 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-15$1,581,347$100,000$6,667iApproximate average salary by contribution assumption: employee only about $166,667 at 4% or $111,111 at 6%; with 50% employer match about $111,111 at 4% or $74,074 at 6%; with 100% employer match about $83,333 at 4% or $55,556 at 6%.
2007114$0$0-
Pension Plan for Employees of Frank Welch & Sons Co.-14---
2006116$0$0-
Pension Plan for Employees of Frank Welch & Sons Co.-16---
2005117$0$0-
Pension Plan for Employees of Frank Welch & Sons Co.-17---
2004118$0$0-
Pension Plan for Employees of Frank Welch & Sons Co.-18---
2003220$0$0-
FRANK WELCH & SONS, INC. CAFETERIA PLAN-20---
Pension Plan for Employees of Frank Welch & Sons Co.-18---
2002223$0$0-
FRANK WELCH & SONS, INC. CAFETERIA PLAN-23---
Pension Plan for Employees of Frank Welch & Sons Co.-19---
2001223$0$0-
FRANK WELCH & SONS, INC. CAFETERIA PLAN-23---
Pension Plan for Employees of Frank Welch & Sons Co.-22---
2000226$0$0-
FRANK WELCH & SONS, INC. CAFETERIA PLAN-18---
Pension Plan for Employees of Frank Welch & Sons Co.-26---
1999122$375,633$135,723$6,169iApproximate average salary by contribution assumption: employee only about $154,231 at 4% or $102,820 at 6%; with 50% employer match about $102,820 at 4% or $68,547 at 6%; with 100% employer match about $77,115 at 4% or $51,410 at 6%.
Pension Plan for Employees of Frank Welch & Sons Co.-22$375,633$135,723$6,169iApproximate average salary by contribution assumption: employee only about $154,231 at 4% or $102,820 at 6%; with 50% employer match about $102,820 at 4% or $68,547 at 6%; with 100% employer match about $77,115 at 4% or $51,410 at 6%.