401(k) · DOL Form 5500 · 2022

National Industrial Concepts Inc 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
494
Participants Below avg headcount
81st
Percentile by assets National rank
$52,825
Avg per participant Low balance/head
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Official DOL plan name: Nic Global 401(k) Plan · Sponsored by National Industrial Concepts Inc · Minnesota · Manufacturing

$26M in assets, 494 participants

National Industrial Concepts Inc's Nic Global 401(k) Plan reported $26M in total assets and 494 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.

  • #15,067 in Manufacturing (20,602 peers)

Coverage in Minnesota

Nic Global 401(k) Plan covers 494 participants in Minnesota, about 44% of the average Minnesota filer (state average ~1,126 per filing). Assets: $26M.

#15,067
in Manufacturing (20,602 peers)
-14.4%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Nic Global 401(k) Plan's outsized position by total assets

Nic Global 401(k) Plan vs every filed plan by assets

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

$26,095,585 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

Nic Global 401(k) 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. Nic Global 401(k) Plan sits mid-pack in the medium band (494 participants).

DOL schedule card

Filing strip 911871729 · National Industrial Concepts Inc PY 2022 · 401(k)

Nic Global 401(k) Plan · $26M · 494 · 81st

  • RANK $26M
  • RANK 494
  • RANK 81st
  • RANK 401(k)
  • RANK near System High Corp. 401(k) Profit Sharing Plan
  • RANK ind #15067

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 Manufacturing retirement plans → · Plans in Minnesota →

Nic Global 401(k) Plan in the asset neighbourhood

Nic Global 401(k) Plan$26MSystem High Corp. 401(k) Profit Sharing PlanSystem High Corp. 401(k) Pro…$26MAtlanta Women's Healthcare Specialists, LLC 401(k) Profit Sharing PlanAtlanta Women's Healthcare S…$26MSbera 401(k) Plan as Adopted by Hingham Institution for SavingsSbera 401(k) Plan as Adopted…$26MLocke Supply Co. 401(k) Plan$26M
End-of-year total assets ($M) among Nic Global 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$26M
Net Income-$4M
Employer EIN911871729
Plan Effective Date1978-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (National Industrial Concepts Inc)

Sponsor-wide plan assets over time

All National Industrial Concepts Inc plans reported in each filing year

Latest sponsor-wide plan assets
$32M 22.407939887149492% vs 2022
2024 filing year
$24M$26M$28M$30M$32M$34M 202220232024 $26.1M $31.9M ▲ +22.4%
Year Plans Participants Total Assets
2022 1 494 $26M
2023 1 483 $29M
2024 1 592 $32M

Nearby 401(k) Plans in Minnesota

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

Nic Global 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Nic Global 401(k) Plan, Total assets ($B): 0.026095585 · Participants: 494Nic Global 401(k) 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
Nic Global 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Nic Global 401(k) Plan side-by-side with 3 peers →

Nic Global 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is System High Corp. 401(k) Profit Sharing Plan in VA ($26M); by covered participants it is Ahtna 401(k) Plan in AK (494 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (494 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 Nic Global 401(k) Plan assets move in 2022? ▼
Nic Global 401(k) Plan pulled back noticeably - down 14.4% during 2022, from $30M to $26M. Reported net income was -$4M.
How have National Industrial Concepts Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), National Industrial Concepts Inc's sponsor-wide assets grew 22.4%, from $26M to $32M.
Where does Nic Global 401(k) Plan rank by assets among Form 5500 filers? ▼
Nic Global 401(k) 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 Nic Global 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is System High Corp. 401(k) Profit Sharing Plan in VA ($26M, 376 participants).
Which 401(k) plans cover a similar participant headcount to Nic Global 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ahtna 401(k) Plan in AK (494 participants, $42M 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 911871729.

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.