401(k) · DOL Form 5500 · 2023

Multi-Tech Systems, Inc. 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
176
Participants Small participant base
80th
Percentile by assets National rank
$183,897
Avg per participant Above avg balance/head
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Official DOL plan name: Multi-Tech Systems, Inc. Profit Sharing and Savings Plan · Sponsored by Multi-Tech Systems, Inc. · Minnesota · Manufacturing

$32M in assets, 176 participants

Multi-Tech Systems, Inc.'s Multi-Tech Systems, Inc. Profit Sharing and Savings Plan reported $32M in total assets and 176 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #13,552 in Manufacturing (18,722 peers)

Coverage in Minnesota

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan covers 176 participants in Minnesota, about 16% of the average Minnesota filer (state average ~1,126 per filing). Assets: $32M.

#13,552
in Manufacturing (18,722 peers)
+13.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan's outsized position by total assets

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan vs every filed plan by assets

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

$32,365,923 Top 20% higher than 80% 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

Multi-Tech Systems, Inc. Profit Sharing and Savings 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. Multi-Tech Systems, Inc. Profit Sharing and Savings Plan sits mid-pack in the medium band (176 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Multi-Tech Systems, Inc. Profit Sharing and Savings Plan reported net income rose from -$8M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Multi-Tech Systems, Inc. Profit Sharing and Savings Plan end-of-year assets rose from $28M in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • Multi-Tech Systems, Inc. Profit Sharing and Savings Plan reported participants fell from 203 in the plan year 2022 filing to 176 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 410968843 · Multi-Tech Systems, Inc. PY 2023 · 401(k)

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan · $32M · 176 · 80th

  • EBSA $32M
  • EBSA 176
  • EBSA 80th
  • EBSA 401(k)
  • EBSA near Seneca Nation of Indians 401(k) Plan
  • EBSA ind #13552

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 →

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan in the asset neighbourhood

Multi-Tech Systems, Inc. Profit Sharing and Savings PlanMulti-Tech Systems, Inc. Pro…$32MSeneca Nation of Indians 401(k) PlanSeneca Nation of Indians 401…$32MRousselot, Inc. 401(k) Profit Sharing PlanRousselot, Inc. 401(k) Profi…$32MScri Holdings, LLC 401(k) PlanScri Holdings, LLC 401(k) Pl…$32MMedical Associates, LLP 401(k) Profit Sharing PlanMedical Associates, LLP 401(…$32M
End-of-year total assets ($M) among Multi-Tech Systems, Inc. Profit Sharing and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$32M
Net Income$4M
Employer EIN410968843
Plan Effective Date1979-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Multi-Tech Systems, Inc.)

Sponsor-wide plan assets over time

All Multi-Tech Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 13.78014730549102% vs 2022
2024 filing year
$28M$30M$32M$34M 202220232024 $28.4M $32.4M ▲ +13.8%
Year Plans Participants Total Assets
2022 1 203 $28M
2023 1 176 $32M
2024 1 146 $32M

Nearby 401(k) Plans in Minnesota

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

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Multi-Tech Systems, Inc. Profit Sharing and Savings Plan, Total assets ($B): 0.032365923 · Participants: 176Multi-Tech Systems, Inc. Profit Sharing and Savings 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
Multi-Tech Systems, Inc. Profit Sharing and Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Multi-Tech Systems, Inc. Profit Sharing and Savings Plan side-by-side with 3 peers →

Multi-Tech Systems, Inc. Profit Sharing and Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Seneca Nation of Indians 401(k) Plan in NY ($32M); by covered participants it is Red Nucleus Solutions 401(k) Retirement Plan in PA (176 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($32M here).

Similar participant headcount

Nearest other-state filings by covered participants (176 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 Multi-Tech Systems, Inc. Profit Sharing and Savings Plan assets move in 2023? ▼
Multi-Tech Systems, Inc. Profit Sharing and Savings Plan grew at a solid clip - up 13.8% during 2023, from $28M to $32M. Reported net income was $4M.
How have Multi-Tech Systems, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Multi-Tech Systems, Inc.'s sponsor-wide assets grew 13.8%, from $28M to $32M.
Where does Multi-Tech Systems, Inc. Profit Sharing and Savings Plan rank by assets among Form 5500 filers? ▼
Multi-Tech Systems, Inc. Profit Sharing and Savings Plan ranks in the 80th 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 Multi-Tech Systems, Inc. Profit Sharing and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Seneca Nation of Indians 401(k) Plan in NY ($32M, 1,503 participants).
Which 401(k) plans cover a similar participant headcount to Multi-Tech Systems, Inc. Profit Sharing and Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Red Nucleus Solutions 401(k) Retirement Plan in PA (176 participants, $18M 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 410968843.

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.