401(k) · DOL Form 5500 · 2023

Mechanical Concepts Inc. 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
7
Participants Small participant base
37th
Percentile by assets National rank
$470,904
Avg per participant High balance/head
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Official DOL plan name: Mechanical Concepts Inc. Profit Sharing Plan · Sponsored by Mechanical Concepts Inc. · Indiana · Construction

$3M in assets, 7 participants

Mechanical Concepts Inc.'s Mechanical Concepts Inc. Profit Sharing Plan reported $3M in total assets and 7 participants in its 2023 DOL Form 5500 filing, ranking in the 37th 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.

  • #3,175 in Construction (9,030 peers)

Mechanical Concepts Inc. multi-year trail

Mechanical Concepts Inc.'s plans moved +51.1% in assets from 2022 to 2024; this filing shows Mechanical Concepts Inc. Profit Sharing Plan at $3M / 7 participants.

#3,175
in Construction (9,030 peers)
+23.8%
assets growth YoY

Mechanical Concepts Inc. Profit Sharing Plan's mid-pack asset rank among Construction and all filers

Mechanical Concepts Inc. Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$3,296,330 37th percentile higher than 37% of 127,068 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 2023

Mechanical Concepts Inc. Profit Sharing Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mechanical Concepts Inc. Profit Sharing Plan is a micro filing (7 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mechanical Concepts Inc. Profit Sharing Plan reported net income rose from -$160K in the plan year 2022 filing to $634K in the plan year 2023 filing.
  • Mechanical Concepts Inc. Profit Sharing Plan end-of-year assets rose from $3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Mechanical Concepts Inc. Profit Sharing Plan reported participants rose from 6 in the plan year 2022 filing to 7 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 351758534 · Mechanical Concepts Inc. PY 2023 · 401(k)

Mechanical Concepts Inc. Profit Sharing Plan · $3M · 7 · 37th

  • SCH $3M
  • EBSA 7
  • PART 37th
  • TYPE 401(k)
  • NET near Laborde Dermatology 401(k) Plan
  • BOOK ind #3175

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 Construction retirement plans → · Plans in Indiana →

Mechanical Concepts Inc. Profit Sharing Plan in the asset neighbourhood

Mechanical Concepts Inc. Profit Sharing PlanMechanical Concepts Inc. Pro…$3MLaborde Dermatology 401(k) PlanLaborde Dermatology 401(k) P…$3MThe Lockwood Companies 401(k) PlanThe Lockwood Companies 401(k…$3MJerome Home 401(k) Plan$3MFazio, Incorporated 401(k) PlanFazio, Incorporated 401(k) P…$3M
End-of-year total assets ($M) among Mechanical Concepts Inc. Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Mechanical Concepts Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Mechanical Concepts Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4M 51.09646841440125% vs 2022
2024 filing year
$2.5M$3M$3.5M$4M$4.5M 202220232024 $2.66M $4.02M ▲ +51.1%
Year Plans Participants Total Assets
2022 1 6 $3M
2023 1 7 $3M
2024 1 7 $4M

Mechanical Concepts Inc. filing trail (2023)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income$634K
Employer EIN351758534
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Indiana

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

Mechanical Concepts Inc. Profit Sharing Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants Mechanical Concepts Inc. Profit Sharing Plan, Total assets ($B): 0.00329633 · Participants: 7Mechanical Concepts Inc. Profit Sharing PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Mechanical Concepts Inc. Profit Sharing Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Mechanical Concepts Inc. Profit Sharing Plan side-by-side with 3 peers →

Mechanical Concepts Inc. Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Laborde Dermatology 401(k) Plan in TX ($3M); by covered participants it is Asana Biosciences, LLC 401(k) Plan in NJ (7 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3M here).

Similar participant headcount

Nearest other-state filings by covered participants (7 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mechanical Concepts Inc. Profit Sharing Plan assets move in 2023? ▼
Mechanical Concepts Inc. Profit Sharing Plan grew sharply - up 23.8% during 2023, from $3M to $3M. Reported net income was $634K.
How have Mechanical Concepts Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mechanical Concepts Inc.'s sponsor-wide assets grew 51.1%, from $3M to $4M.
Which 401(k) plans are similar in size to Mechanical Concepts Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Laborde Dermatology 401(k) Plan in TX ($3M, 5 participants).
Which 401(k) plans cover a similar participant headcount to Mechanical Concepts Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Asana Biosciences, LLC 401(k) Plan in NJ (7 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 351758534.

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.