401(k) · DOL Form 5500 · 2022

Multi-Tech Systems, Inc. 401(k) Plan

Data updated 2026-08-25

$28M
Total assets Below avg plan size
203
Participants Below avg headcount
82nd
Percentile by assets National rank
$140,074
Avg per participant Near avg balance/head
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Official DOL plan name: Multi-Tech Systems, Inc. Profit Sharing and Savings Plan · Sponsored by Multi-Tech Systems, Inc. · Minnesota · Manufacturing

$28M in assets, 203 participants

Multi-Tech Systems, Inc.'s Multi-Tech Systems, Inc. Profit Sharing and Savings Plan reported $28M in total assets and 203 participants in its 2022 DOL Form 5500 filing, ranking in the 82nd 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.

  • #15,382 in Manufacturing (20,602 peers)

Coverage in Minnesota

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan covers 203 participants in Minnesota, about 18% of the average Minnesota filer (state average ~1,126 per filing). Assets: $28M.

#15,382
in Manufacturing (20,602 peers)
-22.2%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan's outsized position by total assets

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan vs every filed plan by assets

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

$28,434,921 Top 18% higher than 82% 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

Multi-Tech Systems, Inc. Profit Sharing and Savings 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. Multi-Tech Systems, Inc. Profit Sharing and Savings Plan sits mid-pack in the medium band (203 participants).

Form 5500 schedule snapshot

Filing strip 410968843 · Multi-Tech Systems, Inc. PY 2022 · 401(k)

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan · $28M · 203 · 82nd

  • NET $28M
  • NET 203
  • NET 82nd
  • NET 401(k)
  • NET near Becket & Lee, LLP Employee Savings & Protection Plan
  • NET ind #15382

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 →

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan in the asset neighbourhood

Seaward Marine Services, Inc. 401(k) PlanSeaward Marine Services, Inc…$28MLithographix, Inc. 401(k) Investment Savings PlanLithographix, Inc. 401(k) In…$28MMulti-Tech Systems, Inc. Profit Sharing and Savings PlanMulti-Tech Systems, Inc. Pro…$28MBecket & Lee, LLP Employee Savings & Protection PlanBecket & Lee, LLP Employee S…$28MTiffin Motor Homes, Inc. 401(k) Profit Sharing Retirement PlanTiffin Motor Homes, Inc. 401…$28M
End-of-year total assets ($M) among Multi-Tech Systems, Inc. Profit Sharing and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$28M
Net Income-$8M
Employer EIN410968843
Plan Effective Date1979-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Multi-Tech Systems, Inc.)

Sponsor-wide plan assets over time

All Multi-Tech Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 13.78014730549102% vs 2022
2024 filing year
$28M$30M$32M$34M 202220232024 $28.4M $32.4M ▲ +13.8%
Year Plans Participants Total Assets
2022 1 203 $28M
2023 1 176 $32M
2024 1 146 $32M

Nearby 401(k) Plans in Minnesota

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

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Multi-Tech Systems, Inc. Profit Sharing and Savings Plan, Total assets ($B): 0.028434921 · Participants: 203Multi-Tech Systems, Inc. Profit Sharing and Savings 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
Multi-Tech Systems, Inc. Profit Sharing and Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Multi-Tech Systems, Inc. Profit Sharing and Savings Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Becket & Lee, LLP Employee Savings & Protection Plan in PA ($28M); by covered participants it is Symbol Mattress 401(k) Plan in VA (203 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (203 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 Multi-Tech Systems, Inc. Profit Sharing and Savings Plan assets move in 2022? ▼
Multi-Tech Systems, Inc. Profit Sharing and Savings Plan declined sharply - down 22.2% during 2022, from $37M to $28M. Reported net income was -$8M.
How have Multi-Tech Systems, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Multi-Tech Systems, Inc.'s sponsor-wide assets grew 13.8%, from $28M to $32M.
Where does Multi-Tech Systems, Inc. Profit Sharing and Savings Plan rank by assets among Form 5500 filers? ▼
Multi-Tech Systems, Inc. Profit Sharing and Savings Plan ranks in the 82nd 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 Multi-Tech Systems, Inc. Profit Sharing and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Becket & Lee, LLP Employee Savings & Protection Plan in PA ($28M, 130 participants).
Which 401(k) plans cover a similar participant headcount to Multi-Tech Systems, Inc. Profit Sharing and Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Symbol Mattress 401(k) Plan in VA (203 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 410968843.

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.