401(k) · DOL Form 5500 · 2023
National Industrial Concepts Inc 401(k) Plan
Data updated 2026-08-25
- $29M
- Total assets Below avg plan size
- 483
- Participants Below avg headcount
- 79th
- Percentile by assets National rank
- $60,259
- Avg per participant Low balance/head
Official DOL plan name: Nic Global 401(k) Plan · Sponsored by National Industrial Concepts Inc · Minnesota · Manufacturing
$29M in assets, 483 participants
National Industrial Concepts Inc's Nic Global 401(k) Plan reported $29M in total assets and 483 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.
- #13,210 in Manufacturing (18,722 peers)
Coverage in Minnesota
Nic Global 401(k) Plan covers 483 participants in Minnesota, about 43% of the average Minnesota filer (state average ~1,126 per filing). Assets: $29M.
- #13,210
- in Manufacturing (18,722 peers)
- +11.5%
- assets growth YoY
- 0.3×
- vs typical plan assets (national mean)
Nic Global 401(k) Plan's outsized position by total assets
Nic Global 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$29,104,956 Top 21% higher than 79% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Nic Global 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. Nic Global 401(k) Plan sits mid-pack in the medium band (483 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Nic Global 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
- Nic Global 401(k) Plan end-of-year assets rose from $26M in the plan year 2022 filing to $29M in the plan year 2023 filing.
- Nic Global 401(k) Plan reported participants fell from 494 in the plan year 2022 filing to 483 in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 911871729 · National Industrial Concepts Inc PY 2023 · 401(k)
Nic Global 401(k) Plan · $29M · 483 · 79th
- TYPE $29M
- TYPE 483
- TYPE 79th
- TYPE 401(k)
- TYPE near Union Bank 401(k) Plan
- TYPE ind #13210
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 Minnesota →
Nic Global 401(k) Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $26M |
|---|---|
| Net Assets (End of Year) | $29M |
| Net Income | $3M |
| Employer EIN | 911871729 |
| Plan Effective Date | 1978-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (National Industrial Concepts Inc)
Sponsor-wide plan assets over time
All National Industrial Concepts Inc plans reported in each filing year
- Latest sponsor-wide plan assets
- $32M 22.407939887149492% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 494 | $26M |
| 2023 | 1 | 483 | $29M |
| 2024 | 1 | 592 | $32M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
Nic Global 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Union Bank 401(k) Plan in VT ($29M); by covered participants it is Addition Financial Credit Union 401(k) Profit Sharing Plan in FL (483 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($29M here).
- Union Bank 401(k) Plan (VT) $29M · 196
- Tampa Bay Banking Company 401(k) Plan (FL) $29M · 277
- American Federation of Teachers Opeiu Local 2 Retirement Plan and Trust (IL) $29M · 55
- Riverside Retirement Savings Plan (IL) $29M · 290
Similar participant headcount
Nearest other-state filings by covered participants (483 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.