401(k) · DOL Form 5500 · 2023

Minnesota Ag Power, Inc. Dba Midwest Machinery Co. 401(k) Plan

Data updated 2026-08-25

$49M
Total assets Below avg plan size
653
Participants Below avg headcount
85th
Percentile by assets National rank
$74,651
Avg per participant Below avg balance/head
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Official DOL plan name: Midwest Machinery Co. 401(k) Plan · Sponsored by Minnesota Ag Power, Inc. Dba Midwest Machinery Co. · Minnesota · Wholesale Trade

$49M in assets, 653 participants

Minnesota Ag Power, Inc. Dba Midwest Machinery Co.'s Midwest Machinery Co. 401(k) Plan reported $49M in total assets and 653 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.

  • #5,456 in Wholesale Trade (6,309 peers)

Where Midwest Machinery Co. 401(k) Plan sits by assets

Midwest Machinery Co. 401(k) Plan sits in the top quartile of all filed plans by assets, $49M for 653 participants (~$74,651/participant), up 23.3% in 2023.

#5,456
in Wholesale Trade (6,309 peers)
+23.3%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Midwest Machinery Co. 401(k) Plan's outsized position by total assets

Midwest Machinery Co. 401(k) Plan vs every filed plan by assets

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

$48,746,839 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

Midwest Machinery Co. 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. Midwest Machinery Co. 401(k) Plan sits mid-pack in the medium band (653 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Midwest Machinery Co. 401(k) Plan reported net income rose from $5M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Midwest Machinery Co. 401(k) Plan end-of-year assets rose from $40M in the plan year 2022 filing to $49M in the plan year 2023 filing.
  • Midwest Machinery Co. 401(k) Plan reported participants fell from 685 in the plan year 2022 filing to 653 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 200145525 · Minnesota Ag Power, Inc. Dba Midwest Machinery Co. PY 2023 · 401(k)

Midwest Machinery Co. 401(k) Plan · $49M · 653 · 85th

  • SCH $49M
  • EBSA 653
  • PART 85th
  • TYPE 401(k)
  • NET near Majesco 401(k) Plan
  • BOOK ind #5456

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 Wholesale Trade retirement plans → · Plans in Minnesota →

Midwest Machinery Co. 401(k) Plan in the asset neighbourhood

The Bellevue Hospital 401(k) Plan the Bellevue HospitalThe Bellevue Hospital 401(k)…$49MMidwest Machinery Co. 401(k) PlanMidwest Machinery Co. 401(k)…$49MMajesco 401(k) Plan$49MQuadax, Inc. 401(k) Profit Sharing Plan and TrustQuadax, Inc. 401(k) Profit S…$49MPharmacists Mutual Insurance Co. Salary Savings PlanPharmacists Mutual Insurance…$49M
End-of-year total assets ($M) among Midwest Machinery Co. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$49M
Net Income$9M
Employer EIN200145525
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnesota Ag Power, Inc. Dba Midwest Machinery Co.)

Sponsor-wide plan assets over time

All Minnesota Ag Power, Inc. Dba Midwest Machinery Co. plans reported in each filing year

Latest sponsor-wide plan assets
$56M 42.600871220629294% vs 2022
2024 filing year
$30M$40M$50M$60M 202220232024 $39.5M $56.4M ▲ +42.6%
Year Plans Participants Total Assets
2022 1 685 $40M
2023 1 653 $49M
2024 1 643 $56M

Nearby 401(k) Plans in Minnesota

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

Midwest Machinery Co. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Midwest Machinery Co. 401(k) Plan, Total assets ($B): 0.048746839 · Participants: 653Midwest Machinery Co. 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
Midwest Machinery Co. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Midwest Machinery Co. 401(k) Plan side-by-side with 3 peers →

Midwest Machinery Co. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Majesco 401(k) Plan in NJ ($49M); by covered participants it is Weber Distribution, LLC 401(k) Plan in CA (653 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (653 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 Midwest Machinery Co. 401(k) Plan assets move in 2023? ▼
Midwest Machinery Co. 401(k) Plan grew sharply - up 23.3% during 2023, from $40M to $49M. Reported net income was $9M.
How have Minnesota Ag Power, Inc. Dba Midwest Machinery Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnesota Ag Power, Inc. Dba Midwest Machinery Co.'s sponsor-wide assets grew 42.6%, from $40M to $56M.
Where does Midwest Machinery Co. 401(k) Plan rank by assets among Form 5500 filers? ▼
Midwest Machinery Co. 401(k) 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 Midwest Machinery Co. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Majesco 401(k) Plan in NJ ($49M, 467 participants).
Which 401(k) plans cover a similar participant headcount to Midwest Machinery Co. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Weber Distribution, LLC 401(k) Plan in CA (653 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 200145525.

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.