401(k) · DOL Form 5500 · 2023

Mechanical Tool & Engineering Co. 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
252
Participants Below avg headcount
79th
Percentile by assets National rank
$115,182
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Mte Employee Savings and Retirement Plan · Sponsored by Mechanical Tool & Engineering Co. · Illinois · Manufacturing

$29M in assets, 252 participants

Mechanical Tool & Engineering Co.'s Mte Employee Savings and Retirement Plan reported $29M in total assets and 252 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.

  • #13,198 in Manufacturing (18,722 peers)

Coverage in Illinois

Mte Employee Savings and Retirement Plan covers 252 participants in Illinois, about 32% of the average Illinois filer (state average ~779 per filing). Assets: $29M.

#13,198
in Manufacturing (18,722 peers)
+13.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Mte Employee Savings and Retirement Plan's outsized position by total assets

Mte Employee Savings and Retirement Plan vs every filed plan by assets

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

$29,025,968 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

Mte Employee Savings and 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. Mte Employee Savings and Retirement Plan sits mid-pack in the medium band (252 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mte Employee Savings and Retirement Plan reported net income rose from -$5M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Mte Employee Savings and Retirement Plan end-of-year assets rose from $25M in the plan year 2022 filing to $29M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 362260687 · Mechanical Tool & Engineering Co. PY 2023 · 401(k)

Mte Employee Savings and Retirement Plan · $29M · 252 · 79th

  • EOY $29M
  • EOY 252
  • EOY 79th
  • EOY 401(k)
  • EOY near Englobal 401(k) Plan
  • EOY ind #13198

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 Illinois →

Mte Employee Savings and Retirement Plan in the asset neighbourhood

Mte Employee Savings and Retirement PlanMte Employee Savings and Ret…$29MEnglobal 401(k) Plan$29MCreativeone 401(k) Plan$29MAvalon Health Care, Inc. 401(k) PlanAvalon Health Care, Inc. 401…$29MThe Fall River Group, Inc. Employees' 401(k) Profit Sharing PlanThe Fall River Group, Inc. E…$29M
End-of-year total assets ($M) among Mte Employee Savings and Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$29M
Net Income$4M
Employer EIN362260687
Plan Effective Date1991-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mechanical Tool & Engineering Co.)

Sponsor-wide plan assets over time

All Mechanical Tool & Engineering Co. plans reported in each filing year

Latest sponsor-wide plan assets
$31M 19.63139870170488% vs 2022
2024 filing year
$24M$26M$28M$30M$32M 202220232024 $25.5M $30.5M ▲ +19.6%
Year Plans Participants Total Assets
2022 1 250 $25M
2023 1 252 $29M
2024 1 265 $31M

Nearby 401(k) Plans in Illinois

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

Mte Employee Savings and Retirement Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Mte Employee Savings and Retirement Plan, Total assets ($B): 0.029025968 · Participants: 252Mte Employee Savings and Retirement PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
Mte Employee Savings and Retirement Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Mte Employee Savings and Retirement Plan side-by-side with 3 peers →

Mte Employee Savings and Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Englobal 401(k) Plan in TX ($29M); by covered participants it is Tonoga, Inc. Profit Sharing/401(k) Plan in NY (252 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($29M here).

Similar participant headcount

Nearest other-state filings by covered participants (252 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 Mte Employee Savings and Retirement Plan assets move in 2023? ▼
Mte Employee Savings and Retirement Plan grew at a solid clip - up 13.8% during 2023, from $25M to $29M. Reported net income was $4M.
How have Mechanical Tool & Engineering Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mechanical Tool & Engineering Co.'s sponsor-wide assets grew 19.6%, from $25M to $31M.
Where does Mte Employee Savings and Retirement Plan rank by assets among Form 5500 filers? ▼
Mte Employee Savings and 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 Mte Employee Savings and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Englobal 401(k) Plan in TX ($29M, 300 participants).
Which 401(k) plans cover a similar participant headcount to Mte Employee Savings and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tonoga, Inc. Profit Sharing/401(k) Plan in NY (252 participants, $29M 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 362260687.

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.