401(k) · DOL Form 5500 · 2023

Nortech Systems Inc. 401(k) Plan

Data updated 2026-08-11

$26M
Total assets
419
Participants
77th
Percentile by assets
$60,966
Avg per participant
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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.

  • 77th percentile by assets (of 127,072 plans)
  • #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.

$26M
total plan assets (2023 EOY)
419
covered participants
77th
percentile by assets (of 127,072 plans)
$60,966
avg assets per participant

Where Nortech Systems 401(k) Profit Sharing Plan sits 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 $2,010,000,000 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

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 →

State
Minnesota
Industry
Manufacturing

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Nortech Systems 401(k) Profit Sharing Plan reports 419 participants - about 37% of that state average ($26M EOY assets).

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.)

$20M$22M$24M$26M$28M$30M 202220232024 $21.6M $27.9M ▲ +28.8%
Total plan assets by year, all Nortech Systems Inc. plans on file
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 ($B) Participants Nortech Systems 401(…, Total assets ($B): 0.025544794 · Participants: 419Nortech Systems 401(…Unitedhealth Group 4…, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 4…Target Corporation 4…, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 4…Medtronic Savings an…, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings an…3M Voluntary Investm…, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investm…U.S. Bank 401(k) Sav…, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Sav…
Nortech Systems 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Nortech Systems 401(k) Profit Sharing Pl… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Nortech Systems 401(k) Profit Sharing Plan by total assets, not by location.

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).

Next read for Nortech Systems 401(k) Profit Sharing Pl…

Filing takeaways

Ways to act on Nortech Systems 401(k) Profit Sharing Plan's numbers.

  • By total assets, Nortech Systems 401(k) Profit Sharing Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
  • Nortech Systems Inc.'s sponsor-wide assets have grown 28.8% since 2022 across 3 plan years on file. More Manufacturing plans

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.