401(k) · DOL Form 5500 · 2023

Bermo, Inc. 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
114
Participants Small participant base
66th
Percentile by assets National rank
$127,190
Avg per participant Near avg balance/head
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Official DOL plan name: Bermo, Inc. Profit Sharing Plan and Trust · Sponsored by Bermo, Inc. · Minnesota · Manufacturing

$14M in assets, 114 participants

Bermo, Inc.'s Bermo, Inc. Profit Sharing Plan and Trust reported $14M in total assets and 114 participants in its 2023 DOL Form 5500 filing, ranking in the 66th 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.

  • #10,260 in Manufacturing (18,722 peers)

Coverage in Minnesota

Bermo, Inc. Profit Sharing Plan and Trust covers 114 participants in Minnesota, about 10% of the average Minnesota filer (state average ~1,126 per filing). Assets: $14M.

#10,260
in Manufacturing (18,722 peers)
+9.7%
assets growth YoY

Bermo, Inc. Profit Sharing Plan and Trust's mid-pack asset rank among Manufacturing and all filers

Bermo, Inc. Profit Sharing Plan and Trust vs every filed plan by assets

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

$14,499,691 Top 34% higher than 66% 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

Bermo, Inc. Profit Sharing Plan and Trust 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. Bermo, Inc. Profit Sharing Plan and Trust sits mid-pack in the medium band (114 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bermo, Inc. Profit Sharing Plan and Trust reported net income rose from -$2M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Bermo, Inc. Profit Sharing Plan and Trust end-of-year assets rose from $13M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Bermo, Inc. Profit Sharing Plan and Trust reported participants rose from 110 in the plan year 2022 filing to 114 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 410691155 · Bermo, Inc. PY 2023 · 401(k)

Bermo, Inc. Profit Sharing Plan and Trust · $14M · 114 · 66th

  • BOOK $14M
  • VS-ST 114
  • BOY 66th
  • SCH 401(k)
  • EBSA near California First Leasing Corporation 401(k) Plan
  • PART ind #10260

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 →

Bermo, Inc. Profit Sharing Plan and Trust in the asset neighbourhood

Bermo, Inc. Profit Sharing Plan and TrustBermo, Inc. Profit Sharing P…$14MCalifornia First Leasing Corporation 401(k) PlanCalifornia First Leasing Cor…$14MLmt Mercer Group, Inc. 401(k) PlanLmt Mercer Group, Inc. 401(k…$15MBlue Ridge 401(k) Plan$14MCanton School Employees Federal Credit Union 401(k) PlanCanton School Employees Fede…$15M
End-of-year total assets ($M) among Bermo, Inc. Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$14M
Net Income$1M
Employer EIN410691155
Plan Effective Date1960-06-27
Filing StatusFILING RECEIVED

Sponsor Plan History (Bermo, Inc.)

Sponsor-wide plan assets over time

All Bermo, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 6.174364782172994% vs 2022
2024 filing year
$13M$13.5M$14M$14.5M$15M 202220232024 $13.2M $14M ▲ +6.2%
Year Plans Participants Total Assets
2022 1 110 $13M
2023 1 114 $14M
2024 1 109 $14M

Nearby 401(k) Plans in Minnesota

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

Bermo, Inc. Profit Sharing Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Bermo, Inc. Profit Sharing Plan and Trust, Total assets ($B): 0.014499691 · Participants: 114Bermo, Inc. Profit Sharing Plan and TrustUnitedhealth 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
Bermo, Inc. Profit Sharing Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Bermo, Inc. Profit Sharing Plan and Trust side-by-side with 3 peers →

Bermo, Inc. Profit Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is California First Leasing Corporation 401(k) Plan in CA ($14M); by covered participants it is Kam-Way 401(k) Plan in WA (114 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($14M here).

Similar participant headcount

Nearest other-state filings by covered participants (114 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 Bermo, Inc. Profit Sharing Plan and Trust assets move in 2023? ▼
Bermo, Inc. Profit Sharing Plan and Trust grew at a solid clip - up 9.7% during 2023, from $13M to $14M. Reported net income was $1M.
How have Bermo, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bermo, Inc.'s sponsor-wide assets grew 6.2%, from $13M to $14M.
Which 401(k) plans are similar in size to Bermo, Inc. Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is California First Leasing Corporation 401(k) Plan in CA ($14M, 13 participants).
Which 401(k) plans cover a similar participant headcount to Bermo, Inc. Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Kam-Way 401(k) Plan in WA (114 participants, $354K 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 410691155.

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.