401(k) · DOL Form 5500 · 2023

Clearfield, Inc. 401(k) Plan

Data updated 2026-08-25

$41M
Total assets Below avg plan size
288
Participants Below avg headcount
83rd
Percentile by assets National rank
$142,010
Avg per participant Near avg balance/head
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Official DOL plan name: Clearfield, Inc. 401(k) Plan & Trust · Sponsored by Clearfield, Inc. · Minnesota · Manufacturing

$41M in assets, 288 participants

Clearfield, Inc.'s Clearfield, Inc. 401(k) Plan & Trust reported $41M in total assets and 288 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.

  • #14,276 in Manufacturing (18,722 peers)

Coverage in Minnesota

Clearfield, Inc. 401(k) Plan & Trust covers 288 participants in Minnesota, about 26% of the average Minnesota filer (state average ~1,126 per filing). Assets: $41M.

#14,276
in Manufacturing (18,722 peers)
+23.1%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Clearfield, Inc. 401(k) Plan & Trust's outsized position by total assets

Clearfield, Inc. 401(k) Plan & Trust vs every filed plan by assets

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

$40,898,869 Top 17% higher than 83% 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

Clearfield, Inc. 401(k) Plan & Trust 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. Clearfield, Inc. 401(k) Plan & Trust sits mid-pack in the medium band (288 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Clearfield, Inc. 401(k) Plan & Trust reported net income rose from -$4M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Clearfield, Inc. 401(k) Plan & Trust end-of-year assets rose from $33M in the plan year 2022 filing to $41M in the plan year 2023 filing.
  • Clearfield, Inc. 401(k) Plan & Trust reported participants rose from 254 in the plan year 2022 filing to 288 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 411347235 · Clearfield, Inc. PY 2023 · 401(k)

Clearfield, Inc. 401(k) Plan & Trust · $41M · 288 · 83rd

  • VS-ST $41M
  • VS-ST 288
  • VS-ST 83rd
  • VS-ST 401(k)
  • VS-ST near Foundry Commercial Retirement Savings Plan
  • VS-ST ind #14276

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 →

Clearfield, Inc. 401(k) Plan & Trust in the asset neighbourhood

Clearfield, Inc. 401(k) Plan & TrustClearfield, Inc. 401(k) Plan…$41MFoundry Commercial Retirement Savings PlanFoundry Commercial Retiremen…$41MShutts & Bowen, LLP 401(k) Profit Sharing Plan (B)Shutts & Bowen, LLP 401(k) P…$41MQuantcast Corporation 401(k) PlanQuantcast Corporation 401(k)…$41MHershey Creamery Company Savings PlanHershey Creamery Company Sav…$41M
End-of-year total assets ($M) among Clearfield, Inc. 401(k) Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$41M
Net Income$8M
Employer EIN411347235
Plan Effective Date1989-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Clearfield, Inc.)

Sponsor-wide plan assets over time

All Clearfield, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$44M 33.30374943141557% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $33.2M $44.3M ▲ +33.3%
Year Plans Participants Total Assets
2022 1 254 $33M
2023 1 288 $41M
2024 1 263 $44M

Nearby 401(k) Plans in Minnesota

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

Clearfield, Inc. 401(k) Plan & Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Clearfield, Inc. 401(k) Plan & Trust, Total assets ($B): 0.040898869 · Participants: 288Clearfield, Inc. 401(k) Plan & TrustUnitedhealth 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
Clearfield, Inc. 401(k) Plan & Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Clearfield, Inc. 401(k) Plan & Trust side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Foundry Commercial Retirement Savings Plan in NC ($41M); by covered participants it is Accord Health Service, Inc. 401(k) Plan in PA (288 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($41M here).

Similar participant headcount

Nearest other-state filings by covered participants (288 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 Clearfield, Inc. 401(k) Plan & Trust assets move in 2023? ▼
Clearfield, Inc. 401(k) Plan & Trust grew sharply - up 23.1% during 2023, from $33M to $41M. Reported net income was $8M.
How have Clearfield, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Clearfield, Inc.'s sponsor-wide assets grew 33.3%, from $33M to $44M.
Where does Clearfield, Inc. 401(k) Plan & Trust rank by assets among Form 5500 filers? ▼
Clearfield, Inc. 401(k) Plan & Trust ranks in the 83rd 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 Clearfield, Inc. 401(k) Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Foundry Commercial Retirement Savings Plan in NC ($41M, 432 participants).
Which 401(k) plans cover a similar participant headcount to Clearfield, Inc. 401(k) Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Accord Health Service, Inc. 401(k) Plan in PA (288 participants, $10M 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 411347235.

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.