401(k) · DOL Form 5500 · 2023

Preferred Credit, Inc 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
241
Participants Below avg headcount
70th
Percentile by assets National rank
$72,459
Avg per participant Below avg balance/head
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Official DOL plan name: Preferred Credit Inc. Retirement Savings Plan · Sponsored by Preferred Credit, Inc · Minnesota · Finance & Insurance

$17M in assets, 241 participants

Preferred Credit, Inc's Preferred Credit Inc. Retirement Savings Plan reported $17M in total assets and 241 participants in its 2023 DOL Form 5500 filing, ranking in the 70th 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.

  • #4,963 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Preferred Credit Inc. Retirement Savings Plan covers 241 participants in Minnesota, about 21% of the average Minnesota filer (state average ~1,126 per filing). Assets: $17M.

#4,963
in Finance & Insurance (8,869 peers)
+28.9%
assets growth YoY

Preferred Credit Inc. Retirement Savings Plan's outsized position by total assets

Preferred Credit Inc. Retirement Savings Plan vs every filed plan by assets

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

$17,462,674 Top 30% higher than 70% 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

Preferred Credit Inc. Retirement Savings 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. Preferred Credit Inc. Retirement Savings Plan sits mid-pack in the medium band (241 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Preferred Credit Inc. Retirement Savings Plan reported net income rose from -$2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Preferred Credit Inc. Retirement Savings Plan end-of-year assets rose from $14M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • Preferred Credit Inc. Retirement Savings Plan reported participants rose from 212 in the plan year 2022 filing to 241 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 411643940 · Preferred Credit, Inc PY 2023 · 401(k)

Preferred Credit Inc. Retirement Savings Plan · $17M · 241 · 70th

  • RANK $17M
  • PHOTO 241
  • IND 70th
  • EOY 401(k)
  • 5500 near Clementina-Clemco Group 401(k) Profit Sharing Plan & Trust
  • ASSETS ind #4963

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 Finance & Insurance retirement plans → · Plans in Minnesota →

Preferred Credit Inc. Retirement Savings Plan in the asset neighbourhood

Preferred Credit Inc. Retirement Savings PlanPreferred Credit Inc. Retire…$17MClementina-Clemco Group 401(k) Profit Sharing Plan & TrustClementina-Clemco Group 401(…$17MVivage Senior Living 401(k) PlanVivage Senior Living 401(k) …$17MIn Mocean Group, LLC 401(k) PlanIn Mocean Group, LLC 401(k) …$17MFitchburg Welding 401(k) Profit Sharing PlanFitchburg Welding 401(k) Pro…$17M
End-of-year total assets ($M) among Preferred Credit Inc. Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$17M
Net Income$4M
Employer EIN411643940
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Preferred Credit, Inc)

Sponsor-wide plan assets over time

All Preferred Credit, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$22M 60.864660380079215% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $13.5M $21.8M ▲ +60.9%
Year Plans Participants Total Assets
2022 1 212 $14M
2023 1 241 $17M
2024 1 243 $22M

Nearby 401(k) Plans in Minnesota

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

Preferred Credit Inc. Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Preferred Credit Inc. Retirement Savings Plan, Total assets ($B): 0.017462674 · Participants: 241Preferred Credit Inc. Retirement Savings 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
Preferred Credit Inc. Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Preferred Credit Inc. Retirement Savings Plan side-by-side with 3 peers →

Preferred Credit Inc. Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Clementina-Clemco Group 401(k) Profit Sharing Plan & Trust in MO ($17M); by covered participants it is Tango Card Inc 401(k) Profit Sharing Plan and Trust in WA (241 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (241 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 Preferred Credit Inc. Retirement Savings Plan assets move in 2023? ▼
Preferred Credit Inc. Retirement Savings Plan grew sharply - up 28.9% during 2023, from $14M to $17M. Reported net income was $4M.
How have Preferred Credit, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Preferred Credit, Inc's sponsor-wide assets grew 60.9%, from $14M to $22M.
Which 401(k) plans are similar in size to Preferred Credit Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Clementina-Clemco Group 401(k) Profit Sharing Plan & Trust in MO ($17M, 137 participants).
Which 401(k) plans cover a similar participant headcount to Preferred Credit Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tango Card Inc 401(k) Profit Sharing Plan and Trust in WA (241 participants, $19M 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 411643940.

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.