401(k) · DOL Form 5500 · 2023

Norex, Inc. 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
33
Participants Small participant base
50th
Percentile by assets National rank
$198,726
Avg per participant Above avg balance/head
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Official DOL plan name: Norex, Inc. 401(k) Plan · Sponsored by Norex, Inc. · Minnesota · Professional & Technical Services

$7M in assets, 33 participants

Norex, Inc.'s Norex, Inc. 401(k) Plan reported $7M in total assets and 33 participants in its 2023 DOL Form 5500 filing, ranking in the 50th 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.

  • #9,756 in Professional & Technical Services (20,321 peers)

What the 2023 filing shows

Norex, Inc. 401(k) Plan holds $7M for 33 participants - about $198,726 per participant, above the median plan by assets.

#9,756
in Professional & Technical Services (20,321 peers)
+0.3%
assets growth YoY

Norex, Inc. 401(k) Plan's mid-pack asset rank among Professional & Technical Services and all filers

Norex, Inc. 401(k) Plan vs every filed plan by assets

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

$6,557,953 Top 50% higher than 50% 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

Norex, Inc. 401(k) 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. Norex, Inc. 401(k) 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

  • Norex, Inc. 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $21K in the plan year 2023 filing.
  • Norex, Inc. 401(k) Plan reported participants rose from 29 in the plan year 2022 filing to 33 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 411463978 · Norex, Inc. PY 2023 · 401(k)

Norex, Inc. 401(k) Plan · $7M · 33 · 50th

  • EBSA $7M
  • EBSA 33
  • EBSA 50th
  • EBSA 401(k)
  • EBSA near Tri-State Electric 401(k) Plan
  • EBSA ind #9756

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 Professional & Technical Services retirement plans → · Plans in Minnesota →

Norex, Inc. 401(k) Plan in the asset neighbourhood

Norex, Inc. 401(k) Plan$7MTri-State Electric 401(k) PlanTri-State Electric 401(k) Pl…$7MDennis Beverage Company 401(k) Retirement PlanDennis Beverage Company 401(…$7MDonsuemor, Inc. 401(k) Plan$7MAlan J. Vallarine, D.D.S., Inc. 401(k) Profit Sharing PlanAlan J. Vallarine, D.D.S., I…$7M
End-of-year total assets ($M) among Norex, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$7M
Net Income$21K
Employer EIN411463978
Plan Effective Date1985-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Norex, Inc.)

Sponsor-wide plan assets over time

All Norex, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$6M 8.25110330954621% vs 2022
2024 filing year
$5.8M$6M$6.2M$6.4M$6.6M$6.8M 202220232024 $6.54M $6M ▼ -8.3%
Year Plans Participants Total Assets
2022 1 29 $7M
2023 1 33 $7M
2024 1 26 $6M

Nearby 401(k) Plans in Minnesota

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

Norex, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Norex, Inc. 401(k) Plan, Total assets ($B): 0.006557953 · Participants: 33Norex, Inc. 401(k) 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
Norex, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Norex, Inc. 401(k) Plan side-by-side with 3 peers →

Norex, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Tri-State Electric 401(k) Plan in TX ($7M); 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 Norex, Inc. 401(k) Plan assets move in 2023? ▼
Norex, Inc. 401(k) Plan held essentially flat - up 0.3% during 2023, from $7M to $7M. Reported net income was $21K.
How have Norex, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Norex, Inc.'s sponsor-wide assets declined 8.3%, from $7M to $6M.
Which 401(k) plans are similar in size to Norex, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Tri-State Electric 401(k) Plan in TX ($7M, 114 participants).
Which 401(k) plans cover a similar participant headcount to Norex, Inc. 401(k) 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 411463978.

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.