401(k) · DOL Form 5500 · 2023

American Converters, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
152
Participants Small participant base
62nd
Percentile by assets National rank
$75,979
Avg per participant Below avg balance/head
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Official DOL plan name: American Converters, Inc. Retirement Savings Plan · Sponsored by American Converters, Inc. · Minnesota · Manufacturing

$12M in assets, 152 participants

American Converters, Inc.'s American Converters, Inc. Retirement Savings Plan reported $12M in total assets and 152 participants in its 2023 DOL Form 5500 filing, ranking in the 62nd 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.

  • #9,112 in Manufacturing (18,722 peers)

Coverage in Minnesota

American Converters, Inc. Retirement Savings Plan covers 152 participants in Minnesota, about 14% of the average Minnesota filer (state average ~1,126 per filing). Assets: $12M.

#9,112
in Manufacturing (18,722 peers)
+18.1%
assets growth YoY

American Converters, Inc. Retirement Savings Plan's mid-pack asset rank among Manufacturing and all filers

American Converters, Inc. Retirement Savings Plan vs every filed plan by assets

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

$11,548,747 Top 38% higher than 62% 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

American Converters, Inc. Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. American Converters, Inc. Retirement Savings Plan sits mid-pack in the medium band (152 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • American Converters, Inc. Retirement Savings Plan reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • American Converters, Inc. Retirement Savings Plan end-of-year assets rose from $10M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • American Converters, Inc. Retirement Savings Plan reported participants fell from 154 in the plan year 2022 filing to 152 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 411284688 · American Converters, Inc. PY 2023 · 401(k)

American Converters, Inc. Retirement Savings Plan · $12M · 152 · 62nd

  • PART $12M
  • PART 152
  • PART 62nd
  • PART 401(k)
  • PART near Align Aerospace 401(k) Plan
  • PART ind #9112

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 →

American Converters, Inc. Retirement Savings Plan in the asset neighbourhood

American Converters, Inc. Retirement Savings PlanAmerican Converters, Inc. Re…$12MAlign Aerospace 401(k) Plan$12MR. E. Y. Engineers 401(k) Profit Sharing PlanR. E. Y. Engineers 401(k) Pr…$12MSigue Corporation 401(k) Plan$12MV. Sangiacomo & Sons 401(k) PlanV. Sangiacomo & Sons 401(k) …$12M
End-of-year total assets ($M) among American Converters, Inc. Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$12M
Net Income$2M
Employer EIN411284688
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (American Converters, Inc.)

Sponsor-wide plan assets over time

All American Converters, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 31.224021022671067% vs 2022
2024 filing year
$9M$10M$11M$12M$13M$14M 202220232024 $9.77M $12.8M ▲ +31.3%
Year Plans Participants Total Assets
2022 1 154 $10M
2023 1 152 $12M
2024 1 160 $13M

Nearby 401(k) Plans in Minnesota

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

American Converters, Inc. Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants American Converters, Inc. Retirement Savings Plan, Total assets ($B): 0.011548747 · Participants: 152American Converters, Inc. Retirement Savings 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
American Converters, Inc. Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

American Converters, Inc. Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Align Aerospace 401(k) Plan in CA ($12M); by covered participants it is Rapid Financial Services, LLC 401(k) Retirement Plan in MD (152 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($12M here).

Similar participant headcount

Nearest other-state filings by covered participants (152 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 American Converters, Inc. Retirement Savings Plan assets move in 2023?
American Converters, Inc. Retirement Savings Plan grew sharply - up 18.1% during 2023, from $10M to $12M. Reported net income was $2M.
How have American Converters, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), American Converters, Inc.'s sponsor-wide assets grew 31.2%, from $10M to $13M.
Which 401(k) plans are similar in size to American Converters, Inc. Retirement Savings Plan?
Among 401(k) plans in other states, the closest by assets is Align Aerospace 401(k) Plan in CA ($12M, 101 participants).
Which 401(k) plans cover a similar participant headcount to American Converters, Inc. Retirement Savings Plan?
Among 401(k) plans in other states, the closest by covered participants is Rapid Financial Services, LLC 401(k) Retirement Plan in MD (152 participants, $8M in assets).