401(k) · DOL Form 5500 · 2023

Mec-Tric Control Company 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
33
Participants Small participant base
38th
Percentile by assets National rank
$106,393
Avg per participant Below avg balance/head
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Official DOL plan name: Mec-Tric Control Company 401(k) Retirement Plan · Sponsored by Mec-Tric Control Company · North Carolina · Retail Trade

$4M in assets, 33 participants

Mec-Tric Control Company's Mec-Tric Control Company 401(k) Retirement Plan reported $4M in total assets and 33 participants in its 2023 DOL Form 5500 filing, ranking in the 38th 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.

  • #4,140 in Retail Trade (8,414 peers)

Mec-Tric Control Company multi-year trail

Mec-Tric Control Company's plans moved +31.2% in assets from 2022 to 2024; this filing shows Mec-Tric Control Company 401(k) Retirement Plan at $4M / 33 participants.

#4,140
in Retail Trade (8,414 peers)
+16.0%
assets growth YoY

Mec-Tric Control Company 401(k) Retirement Plan's mid-pack asset rank among Retail Trade and all filers

Mec-Tric Control Company 401(k) Retirement Plan vs every filed plan by assets

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

$3,510,977 38th percentile higher than 38% 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

Mec-Tric Control Company 401(k) Retirement Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mec-Tric Control Company 401(k) Retirement Plan is a small filing (33 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mec-Tric Control Company 401(k) Retirement Plan reported net income rose from -$723K in the plan year 2022 filing to $485K in the plan year 2023 filing.
  • Mec-Tric Control Company 401(k) Retirement Plan end-of-year assets rose from $3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Mec-Tric Control Company 401(k) Retirement Plan reported participants fell from 36 in the plan year 2022 filing to 33 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 560770334 · Mec-Tric Control Company PY 2023 · 401(k)

Mec-Tric Control Company 401(k) Retirement Plan · $4M · 33 · 38th

  • VS-ST $4M
  • VS-ST 33
  • VS-ST 38th
  • VS-ST 401(k)
  • VS-ST near Mican Technologies Inc. 401(k) Plan
  • VS-ST ind #4140

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 Retail Trade retirement plans → · Plans in North Carolina →

Mec-Tric Control Company 401(k) Retirement Plan in the asset neighbourhood

Mec-Tric Control Company 401(k) Retirement PlanMec-Tric Control Company 401…$4MMican Technologies Inc. 401(k) PlanMican Technologies Inc. 401(…$4MAumtech, Inc. 401(k) Plan$4MAlbert Fa Carilli LLC Safe Harbir 401(k) Profit Sharing PlanAlbert Fa Carilli LLC Safe H…$4MLandplan Engineering, P.a. 401(k) PlanLandplan Engineering, P.a. 4…$4M
End-of-year total assets ($M) among Mec-Tric Control Company 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Mec-Tric Control Company multi-year asset trail

Sponsor-wide plan assets over time

All Mec-Tric Control Company plans reported in each filing year

Latest sponsor-wide plan assets
$4M 31.212841972808718% vs 2022
2024 filing year
$2.5M$3M$3.5M$4M$4.5M 202220232024 $3.03M $3.97M ▲ +31.0%
Year Plans Participants Total Assets
2022 1 36 $3M
2023 1 33 $4M
2024 1 31 $4M

Mec-Tric Control Company filing trail (2023)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$4M
Net Income$485K
Employer EIN560770334
Plan Effective Date1964-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

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

Mec-Tric Control Company 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Mec-Tric Control Company 401(k) Retirement Plan, Total assets ($B): 0.003510977 · Participants: 33Mec-Tric Control Company 401(k) Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Mec-Tric Control Company 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Mec-Tric Control Company 401(k) Retirement Plan side-by-side with 3 peers →

Mec-Tric Control Company 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Mican Technologies Inc. 401(k) Plan in DE ($4M); by covered participants it is Taylor Automotive Group 401(k) Plan in TN (33 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (33 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 Mec-Tric Control Company 401(k) Retirement Plan assets move in 2023? ▼
Mec-Tric Control Company 401(k) Retirement Plan grew sharply - up 16.0% during 2023, from $3M to $4M. Reported net income was $485K.
How have Mec-Tric Control Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mec-Tric Control Company's sponsor-wide assets grew 31.2%, from $3M to $4M.
Which 401(k) plans are similar in size to Mec-Tric Control Company 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mican Technologies Inc. 401(k) Plan in DE ($4M, 221 participants).
Which 401(k) plans cover a similar participant headcount to Mec-Tric Control Company 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Taylor Automotive Group 401(k) Plan in TN (33 participants, $4M 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 560770334.

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.