401(k) · DOL Form 5500 · 2023

Design Ready Controls, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
399
Participants Below avg headcount
62nd
Percentile by assets National rank
$29,578
Avg per participant Low balance/head
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Official DOL plan name: Design Ready Controls, Inc. 401(k) Plan · Sponsored by Design Ready Controls, Inc. · Minnesota · Manufacturing

$12M in assets, 399 participants

Design Ready Controls, Inc.'s Design Ready Controls, Inc. 401(k) Plan reported $12M in total assets and 399 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.

  • #9,214 in Manufacturing (18,722 peers)

Coverage in Minnesota

Design Ready Controls, Inc. 401(k) Plan covers 399 participants in Minnesota, about 35% of the average Minnesota filer (state average ~1,126 per filing). Assets: $12M.

#9,214
in Manufacturing (18,722 peers)
+28.5%
assets growth YoY

Design Ready Controls, Inc. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Design Ready Controls, Inc. 401(k) Plan vs every filed plan by assets

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

$11,801,548 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

Design Ready Controls, Inc. 401(k) 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. Design Ready Controls, Inc. 401(k) Plan sits mid-pack in the medium band (399 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Design Ready Controls, Inc. 401(k) Plan reported net income rose from -$888K in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Design Ready Controls, Inc. 401(k) Plan end-of-year assets rose from $9M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Design Ready Controls, Inc. 401(k) Plan reported participants rose from 388 in the plan year 2022 filing to 399 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 411649617 · Design Ready Controls, Inc. PY 2023 · 401(k)

Design Ready Controls, Inc. 401(k) Plan · $12M · 399 · 62nd

  • PCT $12M
  • EIN 399
  • RANK 62nd
  • PHOTO 401(k)
  • IND near Romanoff Group Retirement Savings Plan
  • EOY ind #9214

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 →

Design Ready Controls, Inc. 401(k) Plan in the asset neighbourhood

Design Ready Controls, Inc. 401(k) PlanDesign Ready Controls, Inc. …$12MRomanoff Group Retirement Savings PlanRomanoff Group Retirement Sa…$12MWestpak, Inc. 401(k) Profit Sharing Plan and TrustWestpak, Inc. 401(k) Profit …$12MGoddard Systems, Inc. 401(k) PlanGoddard Systems, Inc. 401(k)…$12MG.C.K. Evans Company 401(k) Profit Sharing PlanG.C.K. Evans Company 401(k) …$12M
End-of-year total assets ($M) among Design Ready Controls, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$12M
Net Income$3M
Employer EIN411649617
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Design Ready Controls, Inc.)

Sponsor-wide plan assets over time

All Design Ready Controls, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 64.78910009877535% vs 2022
2024 filing year
$8M$10M$12M$14M$16M 202220232024 $9.18M $15.1M ▲ +64.8%
Year Plans Participants Total Assets
2022 1 388 $9M
2023 1 399 $12M
2024 1 532 $15M

Nearby 401(k) Plans in Minnesota

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

Design Ready Controls, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Design Ready Controls, Inc. 401(k) Plan, Total assets ($B): 0.011801548 · Participants: 399Design Ready Controls, Inc. 401(k) 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
Design Ready Controls, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Design Ready Controls, Inc. 401(k) Plan side-by-side with 3 peers →

Design Ready Controls, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Romanoff Group Retirement Savings Plan in OH ($12M); by covered participants it is Longbridge Financial LLC 401(k) Profit Sharing Plan in NJ (399 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (399 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 Design Ready Controls, Inc. 401(k) Plan assets move in 2023? ▼
Design Ready Controls, Inc. 401(k) Plan grew sharply - up 28.5% during 2023, from $9M to $12M. Reported net income was $3M.
How have Design Ready Controls, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Design Ready Controls, Inc.'s sponsor-wide assets grew 64.8%, from $9M to $15M.
Which 401(k) plans are similar in size to Design Ready Controls, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Romanoff Group Retirement Savings Plan in OH ($12M, 813 participants).
Which 401(k) plans cover a similar participant headcount to Design Ready Controls, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Longbridge Financial LLC 401(k) Profit Sharing Plan in NJ (399 participants, $16M 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 411649617.

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.