401(k) · DOL Form 5500 · 2022

Minnesota Elevator, Inc. 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
287
Participants Below avg headcount
81st
Percentile by assets National rank
$93,705
Avg per participant Below avg balance/head
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Official DOL plan name: Minnesota Elevator, Inc. 401(k) Profit Sharing Plan · Sponsored by Minnesota Elevator, Inc. · Minnesota · Construction

$27M in assets, 287 participants

Minnesota Elevator, Inc.'s Minnesota Elevator, Inc. 401(k) Profit Sharing Plan reported $27M in total assets and 287 participants in its 2022 DOL Form 5500 filing, ranking in the 81st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,989 in Construction (9,927 peers)

Coverage in Minnesota

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan covers 287 participants in Minnesota, about 25% of the average Minnesota filer (state average ~1,126 per filing). Assets: $27M.

#7,989
in Construction (9,927 peers)
-16.6%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan's outsized position by total assets

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$26,893,218 Top 19% higher than 81% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Minnesota Elevator, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (287 participants).

DOL schedule card

Filing strip 410972538 · Minnesota Elevator, Inc. PY 2022 · 401(k)

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan · $27M · 287 · 81st

  • TYPE $27M
  • NET 287
  • BOOK 81st
  • VS-ST 401(k)
  • BOY near Hennion & Walsh Inc 401(k) Profit Sharing Plan & Trust
  • SCH ind #7989

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Minnesota →

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Sbera 401(k) Plan as Adopted by the Bank of CantonSbera 401(k) Plan as Adopted…$27MNorth State Bank 401(k) Plan and ESOPNorth State Bank 401(k) Plan…$27MMinnesota Elevator, Inc. 401(k) Profit Sharing PlanMinnesota Elevator, Inc. 401…$27MHennion & Walsh Inc 401(k) Profit Sharing Plan & TrustHennion & Walsh Inc 401(k) P…$27MRouse's Enterprises, L.L.C. Profit Sharing & 401(k) PlanRouse's Enterprises, L.L.C. …$27M
End-of-year total assets ($M) among Minnesota Elevator, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$27M
Net Income-$6M
Employer EIN410972538
Plan Effective Date1979-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnesota Elevator, Inc.)

Sponsor-wide plan assets over time

All Minnesota Elevator, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$107M 92.98314047525355% vs 2022
2024 filing year
$40M$60M$80M$100M$120M 202220232024 $55.5M $107M ▲ +93.0%
Year Plans Participants Total Assets
2022 2 451 $56M
2023 2 454 $83M
2024 2 462 $107M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Minnesota Elevator, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.026893218 · Participants: 287Minnesota Elevator, Inc. 401(k) Profit Sharing PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Minnesota Elevator, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Minnesota Elevator, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Hennion & Walsh Inc 401(k) Profit Sharing Plan & Trust in NJ ($27M); by covered participants it is M. S. Aerospace 401(k) Plan in CA (287 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (287 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Minnesota Elevator, Inc. 401(k) Profit Sharing Plan assets move in 2022? ▼
Minnesota Elevator, Inc. 401(k) Profit Sharing Plan declined sharply - down 16.6% during 2022, from $32M to $27M. Reported net income was -$6M.
How have Minnesota Elevator, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnesota Elevator, Inc.'s sponsor-wide assets grew 93.0%, from $56M to $107M.
Where does Minnesota Elevator, Inc. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Minnesota Elevator, Inc. 401(k) Profit Sharing Plan ranks in the 81st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Minnesota Elevator, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hennion & Walsh Inc 401(k) Profit Sharing Plan & Trust in NJ ($27M, 117 participants).
Which 401(k) plans cover a similar participant headcount to Minnesota Elevator, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is M. S. Aerospace 401(k) Plan in CA (287 participants, $11M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410972538.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.