401(k) · DOL Form 5500 · 2022

Nortech Systems Inc. 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
395
Participants Below avg headcount
78th
Percentile by assets National rank
$54,760
Avg per participant Low balance/head
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Official DOL plan name: Nortech Systems 401(k) Profit Sharing Plan · Sponsored by Nortech Systems Inc. · Minnesota · Manufacturing

$22M in assets, 395 participants

Nortech Systems Inc.'s Nortech Systems 401(k) Profit Sharing Plan reported $22M in total assets and 395 participants in its 2022 DOL Form 5500 filing, ranking in the 78th 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.

  • #14,367 in Manufacturing (20,602 peers)

Coverage in Minnesota

Nortech Systems 401(k) Profit Sharing Plan covers 395 participants in Minnesota, about 35% of the average Minnesota filer (state average ~1,126 per filing). Assets: $22M.

#14,367
in Manufacturing (20,602 peers)
-13.2%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Nortech Systems 401(k) Profit Sharing Plan's outsized position by total assets

Nortech Systems 401(k) Profit Sharing Plan vs every filed plan by assets

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

$21,630,369 Top 22% higher than 78% 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

Nortech Systems 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. Nortech Systems 401(k) Profit Sharing Plan sits mid-pack in the medium band (395 participants).

Published 5500 schedule card

Filing strip 411681094 · Nortech Systems Inc. PY 2022 · 401(k)

Nortech Systems 401(k) Profit Sharing Plan · $22M · 395 · 78th

  • EOY $22M
  • EOY 395
  • EOY 78th
  • EOY 401(k)
  • EOY near Molecular Epidemiology, Inc. 401(k) Profit Sharing Plan
  • EOY ind #14367

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 →

Nortech Systems 401(k) Profit Sharing Plan in the asset neighbourhood

Nortech Systems 401(k) Profit Sharing PlanNortech Systems 401(k) Profi…$22MMolecular Epidemiology, Inc. 401(k) Profit Sharing PlanMolecular Epidemiology, Inc.…$22MTechnical Staffing Resources, LLC 401(k) PlanTechnical Staffing Resources…$22MProsearch Strategies Inc 401(k) Profit Sharing Plan & TrustProsearch Strategies Inc 401…$22MDeere Employees Credit Union Retirement Savings PlanDeere Employees Credit Union…$22M
End-of-year total assets ($M) among Nortech Systems 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)$25M
Net Assets (End of Year)$22M
Net Income-$3M
Employer EIN411681094
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nortech Systems Inc.)

Sponsor-wide plan assets over time

All Nortech Systems Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$28M 28.833992614735326% vs 2022
2024 filing year
$20M$22M$24M$26M$28M$30M 202220232024 $21.6M $27.9M ▲ +28.8%
Year Plans Participants Total Assets
2022 1 395 $22M
2023 1 419 $26M
2024 1 397 $28M

Nearby 401(k) Plans in Minnesota

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

Nortech Systems 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 ($B) Participants Nortech Systems 401(k) Profit Sharing Plan, Total assets ($B): 0.021630369 · Participants: 395Nortech Systems 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
Nortech Systems 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Nortech Systems 401(k) Profit Sharing Plan side-by-side with 3 peers →

Nortech Systems 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 Molecular Epidemiology, Inc. 401(k) Profit Sharing Plan in WA ($22M); by covered participants it is Mtc US Corp. 401(k) Plan in GA (395 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (395 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 Nortech Systems 401(k) Profit Sharing Plan assets move in 2022? ▼
Nortech Systems 401(k) Profit Sharing Plan pulled back noticeably - down 13.2% during 2022, from $25M to $22M. Reported net income was -$3M.
How have Nortech Systems Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nortech Systems Inc.'s sponsor-wide assets grew 28.8%, from $22M to $28M.
Where does Nortech Systems 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Nortech Systems 401(k) Profit Sharing Plan ranks in the 78th 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 Nortech Systems 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Molecular Epidemiology, Inc. 401(k) Profit Sharing Plan in WA ($22M, 1,211 participants).
Which 401(k) plans cover a similar participant headcount to Nortech Systems 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mtc US Corp. 401(k) Plan in GA (395 participants, $35M 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 411681094.

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.