401(k) · DOL Form 5500 · 2023

Steffes, LLC 401(k) Plan

Data updated 2026-08-25

$47M
Total assets Below avg plan size
468
Participants Below avg headcount
85th
Percentile by assets National rank
$100,928
Avg per participant Below avg balance/head
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Official DOL plan name: Steffes Employees' 401(k) Profit Sharing Plan · Sponsored by Steffes, LLC · North Dakota · Manufacturing

$47M in assets, 468 participants

Steffes, LLC's Steffes Employees' 401(k) Profit Sharing Plan reported $47M in total assets and 468 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #14,658 in Manufacturing (18,722 peers)

Where Steffes Employees' 401(k) Profit Sharing Plan sits by assets

Steffes Employees' 401(k) Profit Sharing Plan sits in the top quartile of all filed plans by assets, $47M for 468 participants (~$100,928/participant), up 25.1% in 2023.

#14,658
in Manufacturing (18,722 peers)
+25.1%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Steffes Employees' 401(k) Profit Sharing Plan's outsized position by total assets

Steffes Employees' 401(k) Profit Sharing Plan vs every filed plan by assets

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

$47,234,464 Top 15% higher than 85% 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

Steffes Employees' 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. Steffes Employees' 401(k) Profit Sharing Plan sits mid-pack in the medium band (468 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Steffes Employees' 401(k) Profit Sharing Plan reported net income rose from -$4M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Steffes Employees' 401(k) Profit Sharing Plan reported participants rose from 361 in the plan year 2022 filing to 468 in the plan year 2023 filing.
  • Steffes Employees' 401(k) Profit Sharing Plan end-of-year assets rose from $38M in the plan year 2022 filing to $47M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 450320555 · Steffes, LLC PY 2023 · 401(k)

Steffes Employees' 401(k) Profit Sharing Plan · $47M · 468 · 85th

  • EBSA $47M
  • EBSA 468
  • EBSA 85th
  • EBSA 401(k)
  • EBSA near Telus International (U.S.) Corp. 401(k) Plan
  • EBSA ind #14658

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 North Dakota →

Steffes Employees' 401(k) Profit Sharing Plan in the asset neighbourhood

Carthage Area Hospital 401(k) PlanCarthage Area Hospital 401(k…$47MSteffes Employees' 401(k) Profit Sharing PlanSteffes Employees' 401(k) Pr…$47MTelus International (U.S.) Corp. 401(k) PlanTelus International (U.S.) C…$47MAdvanced Composites, Inc. 401(k) Retirement PlanAdvanced Composites, Inc. 40…$47MHugh Chatham Memorial Hospital, Inc. 401(k) PlanHugh Chatham Memorial Hospit…$47M
End-of-year total assets ($M) among Steffes Employees' 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$38M
Net Assets (End of Year)$47M
Net Income$9M
Employer EIN450320555
Plan Effective Date1991-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Steffes, LLC)

Sponsor-wide plan assets over time

All Steffes, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$54M 43.470449806782504% vs 2022
2024 filing year
$35M$40M$45M$50M$55M$60M 202220232024 $37.8M $54.2M ▲ +43.5%
Year Plans Participants Total Assets
2022 1 361 $38M
2023 1 468 $47M
2024 1 576 $54M

Nearby 401(k) Plans in North Dakota

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

Steffes Employees' 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Steffes Employees' 401(k) Profit Sharing Plan, Total assets ($B): 0.047234464 · Participants: 468Steffes Employees' 401(k) Profit Sharing PlanSanford Retirement Savings Plan, Total assets ($B): 3.110361496 · Participants: 30495Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.829880488 · Participants: 8551Mdu Resources Group, Inc. 401(k) Retirement PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.7412361 · Participants: 5269Knife River Corporation 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.521170291 · Participants: 3853Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.512524705 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing Plan
Steffes Employees' 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Steffes Employees' 401(k) Profit Sharing Plan side-by-side with 3 peers →

Steffes Employees' 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Telus International (U.S.) Corp. 401(k) Plan in NV ($47M); by covered participants it is Banterra Corp. Profit Sharing Plan in IL (468 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (468 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 Steffes Employees' 401(k) Profit Sharing Plan assets move in 2023? ▼
Steffes Employees' 401(k) Profit Sharing Plan grew sharply - up 25.1% during 2023, from $38M to $47M. Reported net income was $9M.
How have Steffes, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Steffes, LLC's sponsor-wide assets grew 43.5%, from $38M to $54M.
Where does Steffes Employees' 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Steffes Employees' 401(k) Profit Sharing Plan ranks in the 85th 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 Steffes Employees' 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Telus International (U.S.) Corp. 401(k) Plan in NV ($47M, 3,316 participants).
Which 401(k) plans cover a similar participant headcount to Steffes Employees' 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Banterra Corp. Profit Sharing Plan in IL (468 participants, $65M 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 450320555.

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.