401(k) · DOL Form 5500 · 2022

The Bernick Companies 401(k) Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
555
Participants Below avg headcount
88th
Percentile by assets National rank
$85,929
Avg per participant Below avg balance/head
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Official DOL plan name: The Bernick Companies Profit Sharing 401(k) Plan · Sponsored by The Bernick Companies · Minnesota · Manufacturing

$48M in assets, 555 participants

The Bernick Companies's The Bernick Companies Profit Sharing 401(k) Plan reported $48M in total assets and 555 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • #16,856 in Manufacturing (20,602 peers)

Coverage in Minnesota

The Bernick Companies Profit Sharing 401(k) Plan covers 555 participants in Minnesota, about 49% of the average Minnesota filer (state average ~1,126 per filing). Assets: $48M.

#16,856
in Manufacturing (20,602 peers)
-16.0%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Bernick Companies Profit Sharing 401(k) Plan's outsized position by total assets

The Bernick Companies Profit Sharing 401(k) Plan vs every filed plan by assets

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

$47,690,689 Top 12% higher than 88% 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

The Bernick Companies Profit Sharing 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. The Bernick Companies Profit Sharing 401(k) Plan sits mid-pack in the medium band (555 participants).

Plan-year Form 5500 strip

Filing strip 410149440 · The Bernick Companies PY 2022 · 401(k)

The Bernick Companies Profit Sharing 401(k) Plan · $48M · 555 · 88th

  • SCH $48M
  • SCH 555
  • SCH 88th
  • SCH 401(k)
  • SCH near Bts USA, Inc. 401(k) Retirement Plan
  • SCH ind #16856

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 →

The Bernick Companies Profit Sharing 401(k) Plan in the asset neighbourhood

Bts USA, Inc. 401(k) Retirement PlanBts USA, Inc. 401(k) Retirem…$48MThe Bernick Companies Profit Sharing 401(k) PlanThe Bernick Companies Profit…$48MCommercehub 401(k) Plan$48MTrinity Partners, LLC 401(k) Profit Sharing PlanTrinity Partners, LLC 401(k)…$48MBci, Inc. 401(k) Profit Sharing PlanBci, Inc. 401(k) Profit Shar…$48M
End-of-year total assets ($M) among The Bernick Companies Profit Sharing 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$57M
Net Assets (End of Year)$48M
Net Income-$9M
Employer EIN410149440
Plan Effective Date1982-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Bernick Companies)

Sponsor-wide plan assets over time

All The Bernick Companies plans reported in each filing year

Latest sponsor-wide plan assets
$64M 34.73379887633831% vs 2022
2024 filing year
$45M$50M$55M$60M$65M$70M 202220232024 $47.7M $64.3M ▲ +34.7%
Year Plans Participants Total Assets
2022 1 555 $48M
2023 1 607 $56M
2024 1 643 $64M

Nearby 401(k) Plans in Minnesota

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

The Bernick Companies Profit Sharing 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants The Bernick Companies Profit Sharing 401(k) Plan, Total assets ($B): 0.047690689 · Participants: 555The Bernick Companies Profit Sharing 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
The Bernick Companies Profit Sharing 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare The Bernick Companies Profit Sharing 401(k) Plan side-by-side with 3 peers →

The Bernick Companies Profit Sharing 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Bts USA, Inc. 401(k) Retirement Plan in NY ($48M); by covered participants it is Club Exploria, LLC 401(k) Plan in FL (555 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($48M here).

Similar participant headcount

Nearest other-state filings by covered participants (555 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 The Bernick Companies Profit Sharing 401(k) Plan assets move in 2022? ▼
The Bernick Companies Profit Sharing 401(k) Plan declined sharply - down 16.0% during 2022, from $57M to $48M. Reported net income was -$9M.
How have The Bernick Companies plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Bernick Companies's sponsor-wide assets grew 34.7%, from $48M to $64M.
Where does The Bernick Companies Profit Sharing 401(k) Plan rank by assets among Form 5500 filers? ▼
The Bernick Companies Profit Sharing 401(k) Plan ranks in the 88th 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 The Bernick Companies Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bts USA, Inc. 401(k) Retirement Plan in NY ($48M, 371 participants).
Which 401(k) plans cover a similar participant headcount to The Bernick Companies Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Club Exploria, LLC 401(k) Plan in FL (555 participants, $5M 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 410149440.

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.