401(k) · DOL Form 5500 · 2023

Desktop Metal, Inc. 401(k) Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
284
Participants Below avg headcount
79th
Percentile by assets National rank
$107,163
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Desktop Metal Retirement Plan · Sponsored by Desktop Metal, Inc. · Massachusetts · Manufacturing

$30M in assets, 284 participants

Desktop Metal, Inc.'s Desktop Metal Retirement Plan reported $30M in total assets and 284 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #13,360 in Manufacturing (18,722 peers)

Coverage in Massachusetts

Desktop Metal Retirement Plan covers 284 participants in Massachusetts, about 43% of the average Massachusetts filer (state average ~659 per filing). Assets: $30M.

#13,360
in Manufacturing (18,722 peers)
+116.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Desktop Metal Retirement Plan's outsized position by total assets

Desktop Metal Retirement Plan vs every filed plan by assets

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

$30,434,163 Top 21% higher than 79% 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

Desktop Metal Retirement 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. Desktop Metal Retirement Plan sits mid-pack in the medium band (284 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Desktop Metal Retirement Plan reported net income rose from $2M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Desktop Metal Retirement Plan end-of-year assets rose from $14M in the plan year 2022 filing to $30M in the plan year 2023 filing.
  • Desktop Metal Retirement Plan reported participants fell from 337 in the plan year 2022 filing to 284 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 474947659 · Desktop Metal, Inc. PY 2023 · 401(k)

Desktop Metal Retirement Plan · $30M · 284 · 79th

  • IND $30M
  • IND 284
  • IND 79th
  • IND 401(k)
  • IND near Lanigan Ryan, P. C. 401(k) Profit Sharing Plan
  • IND ind #13360

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 Massachusetts →

Desktop Metal Retirement Plan in the asset neighbourhood

Lanigan Ryan, P. C. 401(k) Profit Sharing PlanLanigan Ryan, P. C. 401(k) P…$30MLemonade, Inc. 401(k) Plan$30MDesktop Metal Retirement Plan$30MAnderson Development Co. Employees Retirement Savings PlanAnderson Development Co. Emp…$30MCore4ce 401(k) Plan$30M
End-of-year total assets ($M) among Desktop Metal Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$30M
Net Income$5M
Employer EIN474947659
Plan Effective Date2018-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Desktop Metal, Inc.)

Sponsor-wide plan assets over time

All Desktop Metal, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 125.84176684961781% vs 2022
2024 filing year
$10M$20M$30M$40M 202220232024 $14M $31.7M ▲ +125.9%
Year Plans Participants Total Assets
2022 1 337 $14M
2023 1 284 $30M
2024 1 348 $32M

Nearby 401(k) Plans in Massachusetts

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

Desktop Metal Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Desktop Metal Retirement Plan, Total assets ($B): 0.030434163 · Participants: 284Desktop Metal Retirement PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Desktop Metal Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Desktop Metal Retirement Plan side-by-side with 3 peers →

Desktop Metal Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Lanigan Ryan, P. C. 401(k) Profit Sharing Plan in MD ($30M); by covered participants it is W D Partners Profit Sharing Plan in OH (284 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($30M here).

Similar participant headcount

Nearest other-state filings by covered participants (284 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 Desktop Metal Retirement Plan assets move in 2023? ▼
Desktop Metal Retirement Plan surged - up 116.8% during 2023, from $14M to $30M. Reported net income was $5M.
How have Desktop Metal, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Desktop Metal, Inc.'s sponsor-wide assets grew 125.8%, from $14M to $32M.
Where does Desktop Metal Retirement Plan rank by assets among Form 5500 filers? ▼
Desktop Metal Retirement Plan ranks in the 79th 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 Desktop Metal Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lanigan Ryan, P. C. 401(k) Profit Sharing Plan in MD ($30M, 49 participants).
Which 401(k) plans cover a similar participant headcount to Desktop Metal Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is W D Partners Profit Sharing Plan in OH (284 participants, $34M 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 474947659.

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.