401(k) · DOL Form 5500 · 2023

Nortech Systems Inc. 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
419
Participants Below avg headcount
77th
Percentile by assets National rank
$60,966
Avg per participant Low balance/head
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Official DOL plan name: Nortech Systems 401(k) Profit Sharing Plan · Sponsored by Nortech Systems Inc. · Minnesota · Manufacturing

$26M in assets, 419 participants

Nortech Systems Inc.'s Nortech Systems 401(k) Profit Sharing Plan reported $26M in total assets and 419 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #12,712 in Manufacturing (18,722 peers)

Coverage in Minnesota

Nortech Systems 401(k) Profit Sharing Plan covers 419 participants in Minnesota, about 37% of the average Minnesota filer (state average ~1,126 per filing). Assets: $26M.

#12,712
in Manufacturing (18,722 peers)
+18.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Nortech Systems 401(k) Profit Sharing Plan's outsized position by total assets

Nortech Systems 401(k) Profit Sharing Plan vs every filed plan by assets

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

$25,544,794 Top 23% higher than 77% 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

Nortech Systems 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. Nortech Systems 401(k) Profit Sharing Plan sits mid-pack in the medium band (419 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Nortech Systems 401(k) Profit Sharing Plan reported net income rose from -$3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Nortech Systems 401(k) Profit Sharing Plan end-of-year assets rose from $22M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • Nortech Systems 401(k) Profit Sharing Plan reported participants rose from 395 in the plan year 2022 filing to 419 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 411681094 · Nortech Systems Inc. PY 2023 · 401(k)

Nortech Systems 401(k) Profit Sharing Plan · $26M · 419 · 77th

  • EOY $26M
  • EOY 419
  • EOY 77th
  • EOY 401(k)
  • EOY near Nusenda Federal Credit Union 401(k) Plan
  • EOY ind #12712

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 →

Nortech Systems 401(k) Profit Sharing Plan in the asset neighbourhood

Nusenda Federal Credit Union 401(k) PlanNusenda Federal Credit Union…$26MNoarus Auto Group 401(k) Plan$26MOptalis Professional Services, LLC 401(k) PlanOptalis Professional Service…$26MNortech Systems 401(k) Profit Sharing PlanNortech Systems 401(k) Profi…$26MFrilot L.L.C.401(k) Retirement PlanFrilot L.L.C.401(k) Retireme…$26M
End-of-year total assets ($M) among Nortech Systems 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)$22M
Net Assets (End of Year)$26M
Net Income$4M
Employer EIN411681094
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nortech Systems Inc.)

Sponsor-wide plan assets over time

All Nortech Systems Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$28M 28.833992614735326% vs 2022
2024 filing year
$20M$22M$24M$26M$28M$30M 202220232024 $21.6M $27.9M ▲ +28.8%
Year Plans Participants Total Assets
2022 1 395 $22M
2023 1 419 $26M
2024 1 397 $28M

Nearby 401(k) Plans in Minnesota

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

Nortech Systems 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 ($B) Participants Nortech Systems 401(k) Profit Sharing Plan, Total assets ($B): 0.025544794 · Participants: 419Nortech Systems 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
Nortech Systems 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Nortech Systems 401(k) Profit Sharing Plan side-by-side with 3 peers →

Nortech Systems 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 Nusenda Federal Credit Union 401(k) Plan in NM ($26M); by covered participants it is Grecian Delight/Kronos Retirement Savings Plan in IL (419 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($26M here).

Similar participant headcount

Nearest other-state filings by covered participants (419 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 Nortech Systems 401(k) Profit Sharing Plan assets move in 2023? ▼
Nortech Systems 401(k) Profit Sharing Plan grew sharply - up 18.1% during 2023, from $22M to $26M. Reported net income was $4M.
How have Nortech Systems Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nortech Systems Inc.'s sponsor-wide assets grew 28.8%, from $22M to $28M.
Where does Nortech Systems 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Nortech Systems 401(k) Profit Sharing Plan ranks in the 77th 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 Nortech Systems 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nusenda Federal Credit Union 401(k) Plan in NM ($26M, 725 participants).
Which 401(k) plans cover a similar participant headcount to Nortech Systems 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Grecian Delight/Kronos Retirement Savings Plan in IL (419 participants, N/A 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 411681094.

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.