401(k) · DOL Form 5500 · 2023

Minnesota Elevator, Inc. 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
298
Participants Below avg headcount
80th
Percentile by assets National rank
$106,510
Avg per participant Below avg balance/head
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Official DOL plan name: Minnesota Elevator, Inc. 401(k) Profit Sharing Plan · Sponsored by Minnesota Elevator, Inc. · Minnesota · Construction

$32M in assets, 298 participants

Minnesota Elevator, Inc.'s Minnesota Elevator, Inc. 401(k) Profit Sharing Plan reported $32M in total assets and 298 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #7,079 in Construction (9,030 peers)

Coverage in Minnesota

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan covers 298 participants in Minnesota, about 26% of the average Minnesota filer (state average ~1,126 per filing). Assets: $32M.

#7,079
in Construction (9,030 peers)
+18.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan's outsized position by total assets

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$31,739,949 Top 20% higher than 80% 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

Minnesota Elevator, Inc. 401(k) Profit Sharing 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. Minnesota Elevator, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (298 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Minnesota Elevator, Inc. 401(k) Profit Sharing Plan reported net income rose from -$6M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Minnesota Elevator, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $27M in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • Minnesota Elevator, Inc. 401(k) Profit Sharing Plan reported participants rose from 287 in the plan year 2022 filing to 298 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410972538 · Minnesota Elevator, Inc. PY 2023 · 401(k)

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan · $32M · 298 · 80th

  • EOY $32M
  • 5500 298
  • ASSETS 80th
  • PCT 401(k)
  • EIN near Arbonne International LLC 401(k) Profit Sharing Plan
  • RANK ind #7079

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 Minnesota →

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Minnesota Elevator, Inc. 401(k) Profit Sharing PlanMinnesota Elevator, Inc. 401…$32MArbonne International LLC 401(k) Profit Sharing PlanArbonne International LLC 40…$32MBedoukian Research, Inc. 401(k) Savings & Profit Sharing PlanBedoukian Research, Inc. 401…$32MPaamco Prisma 401(k) Plan$32MChasedesign, LLC 401(k) Plan$32M
End-of-year total assets ($M) among Minnesota Elevator, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$32M
Net Income$4M
Employer EIN410972538
Plan Effective Date1979-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnesota Elevator, Inc.)

Sponsor-wide plan assets over time

All Minnesota Elevator, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$107M 92.98314047525355% vs 2022
2024 filing year
$40M$60M$80M$100M$120M 202220232024 $55.5M $107M ▲ +93.0%
Year Plans Participants Total Assets
2022 2 451 $56M
2023 2 454 $83M
2024 2 462 $107M

Nearby 401(k) Plans in Minnesota

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

Minnesota Elevator, 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 ($B) Participants Minnesota Elevator, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.031739949 · Participants: 298Minnesota Elevator, 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
Minnesota Elevator, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Minnesota Elevator, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Minnesota Elevator, 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 Arbonne International LLC 401(k) Profit Sharing Plan in CA ($32M); by covered participants it is Silvertip Completion Services in TX (298 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (298 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 Minnesota Elevator, Inc. 401(k) Profit Sharing Plan assets move in 2023? ▼
Minnesota Elevator, Inc. 401(k) Profit Sharing Plan grew sharply - up 18.0% during 2023, from $27M to $32M. Reported net income was $4M.
How have Minnesota Elevator, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnesota Elevator, Inc.'s sponsor-wide assets grew 93.0%, from $56M to $107M.
Where does Minnesota Elevator, Inc. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Minnesota Elevator, Inc. 401(k) Profit Sharing Plan ranks in the 80th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Minnesota Elevator, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Arbonne International LLC 401(k) Profit Sharing Plan in CA ($32M, 344 participants).
Which 401(k) plans cover a similar participant headcount to Minnesota Elevator, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Silvertip Completion Services in TX (298 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 410972538.

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.