401(k) · DOL Form 5500 · 2023

The Bernard Group, Inc. 401(k) Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
824
Participants Near avg headcount
85th
Percentile by assets National rank
$57,693
Avg per participant Low balance/head
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Official DOL plan name: The Bernard Group 401(k) Plan · Sponsored by The Bernard Group, Inc. · Minnesota · Professional & Technical Services

$48M in assets, 824 participants

The Bernard Group, Inc.'s The Bernard Group 401(k) Plan reported $48M in total assets and 824 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #17,502 in Professional & Technical Services (20,321 peers)

Where The Bernard Group 401(k) Plan sits by assets

The Bernard Group 401(k) Plan sits in the top quartile of all filed plans by assets, $48M for 824 participants (~$57,693/participant), up 34.0% in 2023.

#17,502
in Professional & Technical Services (20,321 peers)
+34.0%
assets growth YoY
0.5×
vs typical plan assets (national mean)

The Bernard Group 401(k) Plan's outsized position by total assets

The Bernard Group 401(k) Plan vs every filed plan by assets

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

$47,538,788 Top 15% higher than 85% 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

The Bernard Group 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. The Bernard Group 401(k) Plan sits mid-pack in the medium band (824 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Bernard Group 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • The Bernard Group 401(k) Plan end-of-year assets rose from $35M in the plan year 2022 filing to $48M in the plan year 2023 filing.
  • The Bernard Group 401(k) Plan reported participants rose from 743 in the plan year 2022 filing to 824 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 411944077 · The Bernard Group, Inc. PY 2023 · 401(k)

The Bernard Group 401(k) Plan · $48M · 824 · 85th

  • EBSA $48M
  • EBSA 824
  • EBSA 85th
  • EBSA 401(k)
  • EBSA near Mitratech 401(k) Savings Plan
  • EBSA ind #17502

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 Minnesota →

The Bernard Group 401(k) Plan in the asset neighbourhood

Mitratech 401(k) Savings Plan$48MFlanders Electric Motor Service, LLC 401(k) Profit Sharning PlanFlanders Electric Motor Serv…$48MThe Bernard Group 401(k) Plan$48MLocal Government Federal Credit Union 401(k) Plan and TrustLocal Government Federal Cre…$48MSherrill Savings and Profit Sharing PlanSherrill Savings and Profit …$48M
End-of-year total assets ($M) among The Bernard Group 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$35M
Net Assets (End of Year)$48M
Net Income$12M
Employer EIN411944077
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Bernard Group, Inc.)

Sponsor-wide plan assets over time

All The Bernard Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$181M 26.23630903114842% vs 2022
2024 filing year
$120M$140M$160M$180M$200M 202220232024 $143M $181M ▲ +26.2%
Year Plans Participants Total Assets
2022 2 1,344 $143M
2023 2 1,487 $164M
2024 2 1,651 $181M

Nearby 401(k) Plans in Minnesota

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

The Bernard Group 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants The Bernard Group 401(k) Plan, Total assets ($B): 0.047538788 · Participants: 824The Bernard Group 401(k) 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
The Bernard Group 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare The Bernard Group 401(k) Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Mitratech 401(k) Savings Plan in TX ($48M); by covered participants it is Allied Stone, Inc. 401(k) Plan in TX (824 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (824 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 The Bernard Group 401(k) Plan assets move in 2023? ▼
The Bernard Group 401(k) Plan surged - up 34.0% during 2023, from $35M to $48M. Reported net income was $12M.
How have The Bernard Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Bernard Group, Inc.'s sponsor-wide assets grew 26.2%, from $143M to $181M.
Where does The Bernard Group 401(k) Plan rank by assets among Form 5500 filers? ▼
The Bernard Group 401(k) Plan ranks in the 85th 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 The Bernard Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mitratech 401(k) Savings Plan in TX ($48M, 535 participants).
Which 401(k) plans cover a similar participant headcount to The Bernard Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Allied Stone, Inc. 401(k) Plan in TX (824 participants, $4M 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 411944077.

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.