401(k) · DOL Form 5500 · 2023

Midrex Technologies, Inc. 401(k) Plan

Data updated 2026-08-25

$57M
Total assets Below avg plan size
158
Participants Small participant base
87th
Percentile by assets National rank
$361,714
Avg per participant High balance/head
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Official DOL plan name: Midrex 401(k) Plan · Sponsored by Midrex Technologies, Inc. · North Carolina · Professional & Technical Services

$57M in assets, 158 participants

Midrex Technologies, Inc.'s Midrex 401(k) Plan reported $57M in total assets and 158 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #17,881 in Professional & Technical Services (20,321 peers)

Coverage in North Carolina

Midrex 401(k) Plan covers 158 participants in North Carolina, about 19% of the average North Carolina filer (state average ~819 per filing). Assets: $57M.

#17,881
in Professional & Technical Services (20,321 peers)
+21.1%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Midrex 401(k) Plan's outsized position by total assets

Midrex 401(k) Plan vs every filed plan by assets

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

$57,150,743 Top 13% higher than 87% 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

Midrex 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. Midrex 401(k) Plan sits mid-pack in the medium band (158 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Midrex 401(k) Plan reported net income rose from -$10M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Midrex 401(k) Plan end-of-year assets rose from $47M in the plan year 2022 filing to $57M in the plan year 2023 filing.
  • Midrex 401(k) Plan reported participants fell from 161 in the plan year 2022 filing to 158 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 521791274 · Midrex Technologies, Inc. PY 2023 · 401(k)

Midrex 401(k) Plan · $57M · 158 · 87th

  • EIN $57M
  • RANK 158
  • PHOTO 87th
  • IND 401(k)
  • EOY near Servisfirst Bank 401(k) Profit Sharing Plan and Trust
  • 5500 ind #17881

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 Professional & Technical Services retirement plans → · Plans in North Carolina →

Midrex 401(k) Plan in the asset neighbourhood

Xl Industries 401(k) Plan$57MMidrex 401(k) Plan$57MServisfirst Bank 401(k) Profit Sharing Plan and TrustServisfirst Bank 401(k) Prof…$57MBaker Engineering and Risk Consultants 401(k) Profit Sharing PlanBaker Engineering and Risk C…$57MRco Engineering, Inc. 401(k) PlanRco Engineering, Inc. 401(k)…$57M
End-of-year total assets ($M) among Midrex 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$47M
Net Assets (End of Year)$57M
Net Income$10M
Employer EIN521791274
Plan Effective Date1987-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Midrex Technologies, Inc.)

Sponsor-wide plan assets over time

All Midrex Technologies, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$60M 26.8504215744769% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $47.2M $59.9M ▲ +26.9%
Year Plans Participants Total Assets
2022 1 161 $47M
2023 1 158 $57M
2024 1 194 $60M

Nearby 401(k) Plans in North Carolina

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

Midrex 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Midrex 401(k) Plan, Total assets ($B): 0.057150743 · Participants: 158Midrex 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Midrex 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Midrex 401(k) Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest 401(k) by assets is Servisfirst Bank 401(k) Profit Sharing Plan and Trust in AL ($57M); by covered participants it is Harbinder S Brar Md Inc 401(k) Profit Sharing Plan & Trust in CA (158 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (158 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 Midrex 401(k) Plan assets move in 2023? ▼
Midrex 401(k) Plan grew sharply - up 21.1% during 2023, from $47M to $57M. Reported net income was $10M.
How have Midrex Technologies, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Midrex Technologies, Inc.'s sponsor-wide assets grew 26.9%, from $47M to $60M.
Where does Midrex 401(k) Plan rank by assets among Form 5500 filers? ▼
Midrex 401(k) Plan ranks in the 87th 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 Midrex 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Servisfirst Bank 401(k) Profit Sharing Plan and Trust in AL ($57M, 569 participants).
Which 401(k) plans cover a similar participant headcount to Midrex 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Harbinder S Brar Md Inc 401(k) Profit Sharing Plan & Trust in CA (158 participants, $650K 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 521791274.

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.