401(k) · DOL Form 5500 · 2023

Kit Masters, Inc. 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
179
Participants Small participant base
48th
Percentile by assets National rank
$32,970
Avg per participant Low balance/head
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Official DOL plan name: Kit Masters & Swan Machine 401(k) Profit Sharing Plan · Sponsored by Kit Masters, Inc. · Minnesota · Manufacturing

$6M in assets, 179 participants

Kit Masters, Inc.'s Kit Masters & Swan Machine 401(k) Profit Sharing Plan reported $6M in total assets and 179 participants in its 2023 DOL Form 5500 filing, ranking in the 48th 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.

  • #5,849 in Manufacturing (18,722 peers)

Coverage in Minnesota

Kit Masters & Swan Machine 401(k) Profit Sharing Plan covers 179 participants in Minnesota, about 16% of the average Minnesota filer (state average ~1,126 per filing). Assets: $6M.

#5,849
in Manufacturing (18,722 peers)
+15.4%
assets growth YoY

Kit Masters & Swan Machine 401(k) Profit Sharing Plan's mid-pack asset rank among Manufacturing and all filers

Kit Masters & Swan Machine 401(k) Profit Sharing Plan vs every filed plan by assets

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

$5,901,542 48th percentile higher than 48% 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

Kit Masters & Swan Machine 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. Kit Masters & Swan Machine 401(k) Profit Sharing Plan sits mid-pack in the medium band (179 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Kit Masters & Swan Machine 401(k) Profit Sharing Plan reported net income rose from -$1M in the plan year 2022 filing to $792K in the plan year 2023 filing.
  • Kit Masters & Swan Machine 401(k) Profit Sharing Plan end-of-year assets rose from $5M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Kit Masters & Swan Machine 401(k) Profit Sharing Plan reported participants fell from 196 in the plan year 2022 filing to 179 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 411839163 · Kit Masters, Inc. PY 2023 · 401(k)

Kit Masters & Swan Machine 401(k) Profit Sharing Plan · $6M · 179 · 48th

  • EIN $6M
  • EIN 179
  • EIN 48th
  • EIN 401(k)
  • EIN near Humane Rescue Alliance 401(k) Plan
  • EIN ind #5849

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 →

Kit Masters & Swan Machine 401(k) Profit Sharing Plan in the asset neighbourhood

Kit Masters & Swan Machine 401(k) Profit Sharing PlanKit Masters & Swan Machine 4…$6MHumane Rescue Alliance 401(k) PlanHumane Rescue Alliance 401(k…$6MStonetown Capital Group LLC 401(k) Profit Sharing Plan & TrustStonetown Capital Group LLC …$6MFastco Industries, Inc. 401(k) PlanFastco Industries, Inc. 401(…$6MAid to the Developmentally Disabled, Inc. Retirement PlanAid to the Developmentally D…$6M
End-of-year total assets ($M) among Kit Masters & Swan Machine 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)$5M
Net Assets (End of Year)$6M
Net Income$792K
Employer EIN411839163
Plan Effective Date2012-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Kit Masters, Inc.)

Sponsor-wide plan assets over time

All Kit Masters, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$7M 35.18481793578282% vs 2022
2024 filing year
$4M$5M$6M$7M$8M 202220232024 $5.11M $6.91M ▲ +35.2%
Year Plans Participants Total Assets
2022 1 196 $5M
2023 1 179 $6M
2024 1 159 $7M

Nearby 401(k) Plans in Minnesota

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

Kit Masters & Swan Machine 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 ($B) Participants Kit Masters & Swan Machine 401(k) Profit Sharing Plan, Total assets ($B): 0.005901542 · Participants: 179Kit Masters & Swan Machine 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
Kit Masters & Swan Machine 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Kit Masters & Swan Machine 401(k) Profit Sharing Plan side-by-side with 3 peers →

Kit Masters & Swan Machine 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 Humane Rescue Alliance 401(k) Plan in DC ($6M); by covered participants it is Progress Unlimited Inc. 401(k) Profit Sharing Plan and Trust in MD (179 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (179 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 Kit Masters & Swan Machine 401(k) Profit Sharing Plan assets move in 2023? ▼
Kit Masters & Swan Machine 401(k) Profit Sharing Plan grew sharply - up 15.4% during 2023, from $5M to $6M. Reported net income was $792K.
How have Kit Masters, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Kit Masters, Inc.'s sponsor-wide assets grew 35.2%, from $5M to $7M.
Which 401(k) plans are similar in size to Kit Masters & Swan Machine 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Humane Rescue Alliance 401(k) Plan in DC ($6M, 222 participants).
Which 401(k) plans cover a similar participant headcount to Kit Masters & Swan Machine 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Progress Unlimited Inc. 401(k) Profit Sharing Plan and Trust in MD (179 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 411839163.

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.