Profit Sharing · DOL Form 5500 · 2023

Medtec LLC Profit Sharing Plan

Data updated 2026-08-11

$26M
Total assets
144
Participants
77th
Percentile by assets
$178,753
Avg per participant
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Official DOL plan name: Medtec LLC 401(k) Retirement Plan · Sponsored by Medtec LLC · Iowa · Healthcare & Social Assistance

$26M in assets, 144 participants

Medtec LLC's Medtec LLC 401(k) Retirement Plan reported $26M in total assets and 144 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)
  • #14,237 in Healthcare & Social Assistance (17,684 peers)

Coverage in Iowa

Medtec LLC 401(k) Retirement Plan covers 144 participants in Iowa, about 24% of the average Iowa filer (state average ~609 per filing). Assets: $26M.

$26M
total plan assets (2023 EOY)
144
covered participants
77th
percentile by assets (of 127,072 plans)
$178,753
avg assets per participant

Where Medtec LLC 401(k) Retirement Plan sits by total assets

Medtec LLC 401(k) Retirement Plan vs every filed plan by assets

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

$25,740,450 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

  • Medtec LLC 401(k) Retirement Plan reported net income rose from -$234K in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Medtec LLC 401(k) Retirement Plan end-of-year assets rose from $11M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • Medtec LLC 401(k) Retirement Plan reported participants rose from N/A in the plan year 2022 filing to 144 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Iowa
Industry
Healthcare & Social Assistance

Participants vs Iowa filers

In Iowa, the average filing covers about 609 participants across 1,246 plans. Medtec LLC 401(k) Retirement Plan reports 144 participants - about 24% of that state average ($26M EOY assets).

Iowa filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$26M
Net Income$5M
Employer EIN421404269
Plan Effective Date2022-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Medtec LLC)

$0M$10M$20M$30M$40M 202220232024 $11.3M $30.5M ▲ +169.4%
Total plan assets by year, all Medtec LLC plans on file
Year Plans Participants Total Assets
2022 1 N/A $11M
2023 1 144 $26M
2024 1 279 $30M

Nearby Profit Sharing Plans in Iowa

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Medtec LLC 401(k) Retirement Plan vs. nearby Profit Sharing plans in Iowa, assets vs. participants Scatter plot of 6 data points. 0100200300 1015202530 Total assets ($M) Participants Medtec LLC 401(k) Re…, Total assets ($M): 25.74045 · Participants: 144Medtec LLC 401(k) Re…Liberty Pattern Comp…, Total assets ($M): 23.373416 · Participants: 13Liberty Pattern Comp…Newton Clinic, P.C. …, Total assets ($M): 18.056441 · Participants: 42Newton Clinic, P.C. …Palmer Lutheran Heal…, Total assets ($M): 17.888494 · Participants: 214Palmer Lutheran Heal…Ts Banking Group Sav…, Total assets ($M): 17.363911 · Participants: 247Ts Banking Group Sav…Hwh Corporation Empl…, Total assets ($M): 15.44722 · Participants: 82Hwh Corporation Empl…
Medtec LLC 401(k) Retirement Plan vs. nearby Profit Sharing plans in Iowa, assets vs. participants
Compare Medtec LLC 401(k) Retirement Plan side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

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

Frequently Asked Questions

How did Medtec LLC 401(k) Retirement Plan assets move in 2023? ▼
Medtec LLC 401(k) Retirement Plan surged - up 127.5% during 2023, from $11M to $26M. Reported net income was $5M.
How have Medtec LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Medtec LLC's sponsor-wide assets grew 169.3%, from $11M to $30M.
Where does Medtec LLC 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Medtec LLC 401(k) Retirement 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 Profit Sharing plans are similar in size to Medtec LLC 401(k) Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Fiduciary Services Group 401(k) Plan in DE ($26M, 402 participants).

Next read for Medtec LLC 401(k) Retirement Plan

Filing takeaways

Ways to act on Medtec LLC 401(k) Retirement Plan's numbers.

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 421404269.

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.