401(k) · DOL Form 5500 · 2023

Applied Products, Inc. 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
266
Participants Below avg headcount
72nd
Percentile by assets National rank
$72,022
Avg per participant Below avg balance/head
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Official DOL plan name: Applied Products, Inc. 401(k) Salary Savings Plan · Sponsored by Applied Products, Inc. · Minnesota · Wholesale Trade

$19M in assets, 266 participants

Applied Products, Inc.'s Applied Products, Inc. 401(k) Salary Savings Plan reported $19M in total assets and 266 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

  • #4,327 in Wholesale Trade (6,309 peers)

Coverage in Minnesota

Applied Products, Inc. 401(k) Salary Savings Plan covers 266 participants in Minnesota, about 24% of the average Minnesota filer (state average ~1,126 per filing). Assets: $19M.

#4,327
in Wholesale Trade (6,309 peers)
+45.4%
assets growth YoY

Applied Products, Inc. 401(k) Salary Savings Plan's outsized position by total assets

Applied Products, Inc. 401(k) Salary Savings Plan vs every filed plan by assets

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

$19,157,757 Top 28% higher than 72% 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

Applied Products, Inc. 401(k) Salary 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. Applied Products, Inc. 401(k) Salary Savings Plan sits mid-pack in the medium band (266 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Applied Products, Inc. 401(k) Salary Savings Plan reported net income rose from -$3M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Applied Products, Inc. 401(k) Salary Savings Plan end-of-year assets rose from $13M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • Applied Products, Inc. 401(k) Salary Savings Plan reported participants rose from 215 in the plan year 2022 filing to 266 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 202257905 · Applied Products, Inc. PY 2023 · 401(k)

Applied Products, Inc. 401(k) Salary Savings Plan · $19M · 266 · 72nd

  • ASSETS $19M
  • ASSETS 266
  • ASSETS 72nd
  • ASSETS 401(k)
  • ASSETS near National Salvage & Service Corp. 401(k) Profit Sharing Plan
  • ASSETS ind #4327

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 Wholesale Trade retirement plans → · Plans in Minnesota →

Applied Products, Inc. 401(k) Salary Savings Plan in the asset neighbourhood

Applied Products, Inc. 401(k) Salary Savings PlanApplied Products, Inc. 401(k…$19MNational Salvage & Service Corp. 401(k) Profit Sharing PlanNational Salvage & Service C…$19MMarsh Automotive Group 401(k) Plan & TrustMarsh Automotive Group 401(k…$19MMvva, Inc. Profit Sharing & 401(k) PlanMvva, Inc. Profit Sharing & …$19MThe on-Board 401(k) Retirement Savings PlanThe on-Board 401(k) Retireme…$19M
End-of-year total assets ($M) among Applied Products, Inc. 401(k) Salary Savings Plan 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)$19M
Net Income$6M
Employer EIN202257905
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Applied Products, Inc.)

Sponsor-wide plan assets over time

All Applied Products, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$24M 82.707665822542% vs 2022
2024 filing year
$10M$15M$20M$25M$30M 202220232024 $13.2M $24.1M ▲ +82.7%
Year Plans Participants Total Assets
2022 1 215 $13M
2023 1 266 $19M
2024 1 280 $24M

Nearby 401(k) Plans in Minnesota

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

Applied Products, Inc. 401(k) Salary Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Applied Products, Inc. 401(k) Salary Savings Plan, Total assets ($B): 0.019157757 · Participants: 266Applied Products, Inc. 401(k) Salary 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
Applied Products, Inc. 401(k) Salary Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Applied Products, Inc. 401(k) Salary Savings Plan side-by-side with 3 peers →

Applied Products, Inc. 401(k) Salary Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is National Salvage & Service Corp. 401(k) Profit Sharing Plan in IN ($19M); by covered participants it is First Heritage Credit, LLC 401(k) Profit Sharing Plan in MS (266 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (266 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 Applied Products, Inc. 401(k) Salary Savings Plan assets move in 2023? ▼
Applied Products, Inc. 401(k) Salary Savings Plan surged - up 45.4% during 2023, from $13M to $19M. Reported net income was $6M.
How have Applied Products, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Applied Products, Inc.'s sponsor-wide assets grew 82.7%, from $13M to $24M.
Which 401(k) plans are similar in size to Applied Products, Inc. 401(k) Salary Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is National Salvage & Service Corp. 401(k) Profit Sharing Plan in IN ($19M, 240 participants).
Which 401(k) plans cover a similar participant headcount to Applied Products, Inc. 401(k) Salary Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is First Heritage Credit, LLC 401(k) Profit Sharing Plan in MS (266 participants, N/A 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 202257905.

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.