401(k) · DOL Form 5500 · 2022

Mechanical Tool & Engineering Co. 401(k) Plan

Data updated 2026-08-25

$25M
Total assets Below avg plan size
250
Participants Below avg headcount
81st
Percentile by assets National rank
$101,995
Avg per participant Below avg balance/head
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Official DOL plan name: Mte Employee Savings and Retirement Plan · Sponsored by Mechanical Tool & Engineering Co. · Illinois · Manufacturing

$25M in assets, 250 participants

Mechanical Tool & Engineering Co.'s Mte Employee Savings and Retirement Plan reported $25M in total assets and 250 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.

  • #14,978 in Manufacturing (20,602 peers)

Coverage in Illinois

Mte Employee Savings and Retirement Plan covers 250 participants in Illinois, about 32% of the average Illinois filer (state average ~779 per filing). Assets: $25M.

#14,978
in Manufacturing (20,602 peers)
-17.5%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mte Employee Savings and Retirement Plan's outsized position by total assets

Mte Employee Savings and Retirement Plan vs every filed plan by assets

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

$25,498,825 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

Mte Employee Savings and Retirement 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. Mte Employee Savings and Retirement Plan sits mid-pack in the medium band (250 participants).

Published 5500 schedule card

Filing strip 362260687 · Mechanical Tool & Engineering Co. PY 2022 · 401(k)

Mte Employee Savings and Retirement Plan · $25M · 250 · 81st

  • ASSETS $25M
  • PCT 250
  • EIN 81st
  • RANK 401(k)
  • PHOTO near Sciton Inc. 401(k) Profit Sharing Plan & Trust
  • IND ind #14978

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 Illinois →

Mte Employee Savings and Retirement Plan in the asset neighbourhood

Mte Employee Savings and Retirement PlanMte Employee Savings and Ret…$25MSciton Inc. 401(k) Profit Sharing Plan & TrustSciton Inc. 401(k) Profit Sh…$25MAcorn Engineering Company, Inc. 401(k) PlanAcorn Engineering Company, I…$25MHome Federal Savings Bank 401(k) Retirement PlanHome Federal Savings Bank 40…$26MCrowne Management, LLC 401(k) and Profit Sharing PlanCrowne Management, LLC 401(k…$26M
End-of-year total assets ($M) among Mte Employee Savings and Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$25M
Net Income-$5M
Employer EIN362260687
Plan Effective Date1991-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mechanical Tool & Engineering Co.)

Sponsor-wide plan assets over time

All Mechanical Tool & Engineering Co. plans reported in each filing year

Latest sponsor-wide plan assets
$31M 19.63139870170488% vs 2022
2024 filing year
$24M$26M$28M$30M$32M 202220232024 $25.5M $30.5M ▲ +19.6%
Year Plans Participants Total Assets
2022 1 250 $25M
2023 1 252 $29M
2024 1 265 $31M

Nearby 401(k) Plans in Illinois

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

Mte Employee Savings and Retirement Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Mte Employee Savings and Retirement Plan, Total assets ($B): 0.025498825 · Participants: 250Mte Employee Savings and Retirement PlanState Farm 401(k) Savings Plan, Total assets ($B): 14.651519685 · Participants: 53616State Farm 401(k) Savings PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 14.283954811 · Participants: 66653Accenture United States 401(k) Match and Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 13.333286 · Participants: 36136Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 11.816542826 · Participants: 13437United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 11.682551768 · Participants: 238072Walgreens Retirement Savings Plan
Mte Employee Savings and Retirement Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Mte Employee Savings and Retirement Plan side-by-side with 3 peers →

Mte Employee Savings and Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Sciton Inc. 401(k) Profit Sharing Plan & Trust in CA ($25M); by covered participants it is Linode LLC 401(k) Profit Sharing Plan in PA (250 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (250 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 Mte Employee Savings and Retirement Plan assets move in 2022? ▼
Mte Employee Savings and Retirement Plan declined sharply - down 17.5% during 2022, from $31M to $25M. Reported net income was -$5M.
How have Mechanical Tool & Engineering Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mechanical Tool & Engineering Co.'s sponsor-wide assets grew 19.6%, from $25M to $31M.
Where does Mte Employee Savings and Retirement Plan rank by assets among Form 5500 filers? ▼
Mte Employee Savings and Retirement 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 Mte Employee Savings and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sciton Inc. 401(k) Profit Sharing Plan & Trust in CA ($25M, 272 participants).
Which 401(k) plans cover a similar participant headcount to Mte Employee Savings and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Linode LLC 401(k) Profit Sharing Plan in PA (250 participants, N/A 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 362260687.

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.