401(k) · DOL Form 5500 · 2023

Mn Power Solutions, Inc. 401(k) Plan

Data updated 2026-08-25

$190K
Total assets Small plan by assets
4
Participants Small participant base
10th
Percentile by assets National rank
$47,589
Avg per participant Low balance/head
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Official DOL plan name: Mn Power Solutions, Inc. 401(k) Profit Sharing Plan · Sponsored by Mn Power Solutions, Inc. · Minnesota · Retail Trade

$190K in assets, 4 participants

Mn Power Solutions, Inc.'s Mn Power Solutions, Inc. 401(k) Profit Sharing Plan reported $190K in total assets and 4 participants in its 2023 DOL Form 5500 filing, ranking in the 10th 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.

  • #1,387 in Retail Trade (8,414 peers)

Mn Power Solutions, Inc. multi-year trail

Mn Power Solutions, Inc.'s plans moved -65.6% in assets from 2022 to 2024; this filing shows Mn Power Solutions, Inc. 401(k) Profit Sharing Plan at $190K / 4 participants.

#1,387
in Retail Trade (8,414 peers)
-30.4%
assets change YoY

The plan reported a net loss of $83K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mn Power Solutions, Inc. 401(k) Profit Sharing Plan among the smaller filed plans by assets

Mn Power Solutions, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$190,357 10th percentile higher than 10% 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

Mn Power Solutions, Inc. 401(k) 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. Mn Power Solutions, Inc. 401(k) Profit Sharing Plan is a micro filing (4 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mn Power Solutions, Inc. 401(k) Profit Sharing Plan reported net income fell from $181K in the plan year 2022 filing to -$83K in the plan year 2023 filing.
  • Mn Power Solutions, Inc. 401(k) Profit Sharing Plan reported participants rose from 2 in the plan year 2022 filing to 4 in the plan year 2023 filing.
  • Mn Power Solutions, Inc. 401(k) Profit Sharing Plan end-of-year assets fell from $273K in the plan year 2022 filing to $190K in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 853147544 · Mn Power Solutions, Inc. PY 2023 · 401(k)

Mn Power Solutions, Inc. 401(k) Profit Sharing Plan · $190K · 4 · 10th

  • VS-ST $190K
  • VS-ST 4
  • VS-ST 10th
  • VS-ST 401(k)
  • VS-ST near Djhr Inc 401(k) Plan
  • VS-ST ind #1387

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 Minnesota →

Mn Power Solutions, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Mn Power Solutions, Inc. 401(k) Profit Sharing PlanMn Power Solutions, Inc. 401…$190KDjhr Inc 401(k) Plan$190KSlankard Group Retirement PlanSlankard Group Retirement Pl…$190KRkk Kids Corp. 401(k) Plan$190KRevivement, Inc. 401(k) Plan$190K
End-of-year total assets ($M) among Mn Power Solutions, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Mn Power Solutions, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Mn Power Solutions, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$94K 65.64233856957372% vs 2022
2024 filing year
$0M$0.1M$0.2M$0.3M 202220232024 $0.27M $0.09M ▼ -66.7%
Year Plans Participants Total Assets
2022 1 2 $273K
2023 1 4 $190K
2024 1 3 $94K

Mn Power Solutions, Inc. filing trail (2023)

Total Assets (Beginning of Year)$273K
Net Assets (End of Year)$190K
Net Income-$83K
Employer EIN853147544
Plan Effective Date2020-09-23
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

Mn Power Solutions, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Mn Power Solutions, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.000190357 · Participants: 4Mn Power Solutions, Inc. 401(k) Profit Sharing PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Mn Power Solutions, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Mn Power Solutions, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Mn Power Solutions, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Djhr Inc 401(k) Plan in CO ($190K); by covered participants it is Makingchg, Inc. Retirement Plan in TN (4 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($190K here).

Similar participant headcount

Nearest other-state filings by covered participants (4 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 Mn Power Solutions, Inc. 401(k) Profit Sharing Plan assets move in 2023? ▼
Mn Power Solutions, Inc. 401(k) Profit Sharing Plan contracted severely - down 30.4% during 2023, from $273K to $190K. Reported net income was -$83K.
How have Mn Power Solutions, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mn Power Solutions, Inc.'s sponsor-wide assets declined 65.6%, from $273K to $94K.
Where does Mn Power Solutions, Inc. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Mn Power Solutions, Inc. 401(k) Profit Sharing Plan ranks in the 10th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Mn Power Solutions, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Djhr Inc 401(k) Plan in CO ($190K, 2 participants).
Which 401(k) plans cover a similar participant headcount to Mn Power Solutions, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Makingchg, Inc. Retirement Plan in TN (4 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 853147544.

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.