401(k) · DOL Form 5500 · 2022

Waytek, Inc. 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
90
Participants Small participant base
71st
Percentile by assets National rank
$154,803
Avg per participant Above avg balance/head
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Official DOL plan name: Waytek, Inc. Employee Savings and Profit Sharing Plan · Sponsored by Waytek, Inc. · Minnesota · Wholesale Trade

$14M in assets, 90 participants

Waytek, Inc.'s Waytek, Inc. Employee Savings and Profit Sharing Plan reported $14M in total assets and 90 participants in its 2022 DOL Form 5500 filing, ranking in the 71st 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.

  • #4,550 in Wholesale Trade (6,843 peers)

Waytek, Inc. multi-year trail

Waytek, Inc.'s plans moved +40.1% in assets from 2022 to 2024; this filing shows Waytek, Inc. Employee Savings and Profit Sharing Plan at $14M / 90 participants.

#4,550
in Wholesale Trade (6,843 peers)
-12.6%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Waytek, Inc. Employee Savings and Profit Sharing Plan's outsized position by total assets

Waytek, Inc. Employee Savings and Profit Sharing Plan vs every filed plan by assets

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

$13,932,295 Top 29% higher than 71% 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

Waytek, Inc. Employee Savings and Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Waytek, Inc. Employee Savings and Profit Sharing Plan is a small filing (90 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 410991786 · Waytek, Inc. PY 2022 · 401(k)

Waytek, Inc. Employee Savings and Profit Sharing Plan · $14M · 90 · 71st

  • BOY $14M
  • SCH 90
  • EBSA 71st
  • PART 401(k)
  • TYPE near Hilco 401(k) Profit Sharing Plan
  • NET ind #4550

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 Wholesale Trade retirement plans → · Plans in Minnesota →

Waytek, Inc. Employee Savings and Profit Sharing Plan in the asset neighbourhood

Waytek, Inc. Employee Savings and Profit Sharing PlanWaytek, Inc. Employee Saving…$14MHilco 401(k) Profit Sharing PlanHilco 401(k) Profit Sharing …$14MAethercomm, Inc. 401(k) Plan$14MFranklin Weinrib Rudell & Vassallo LLP 401(k) PlanFranklin Weinrib Rudell & Va…$14MWest Coast Turf 401(k) Profit Sharing PlanWest Coast Turf 401(k) Profi…$14M
End-of-year total assets ($M) among Waytek, Inc. Employee Savings and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Waytek, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Waytek, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$20M 40.06113134986016% vs 2022
2024 filing year
$12M$14M$16M$18M$20M$22M 202220232024 $13.9M $19.5M ▲ +40.1%
Year Plans Participants Total Assets
2022 1 90 $14M
2023 1 96 $16M
2024 1 95 $20M

Waytek, Inc. filing trail (2022)

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$14M
Net Income-$2M
Employer EIN410991786
Plan Effective Date1985-03-25
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

Waytek, Inc. Employee Savings and Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Waytek, Inc. Employee Savings and Profit Sharing Plan, Total assets ($B): 0.013932295 · Participants: 90Waytek, Inc. Employee Savings and 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
Waytek, Inc. Employee Savings and Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Waytek, Inc. Employee Savings and Profit Sharing Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Hilco 401(k) Profit Sharing Plan in NC ($14M); by covered participants it is Choicelegal Retirement Savings Plan in FL (90 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($14M here).

Similar participant headcount

Nearest other-state filings by covered participants (90 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 Waytek, Inc. Employee Savings and Profit Sharing Plan assets move in 2022? ▼
Waytek, Inc. Employee Savings and Profit Sharing Plan pulled back noticeably - down 12.6% during 2022, from $16M to $14M. Reported net income was -$2M.
How have Waytek, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Waytek, Inc.'s sponsor-wide assets grew 40.1%, from $14M to $20M.
Which 401(k) plans are similar in size to Waytek, Inc. Employee Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hilco 401(k) Profit Sharing Plan in NC ($14M, 327 participants).
Which 401(k) plans cover a similar participant headcount to Waytek, Inc. Employee Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Choicelegal Retirement Savings Plan in FL (90 participants, $318K 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 410991786.

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.