401(k) · DOL Form 5500 · 2023

Surmodics, Inc. 401(k) Plan

Data updated 2026-08-25

$52M
Total assets Below avg plan size
311
Participants Below avg headcount
86th
Percentile by assets National rank
$167,290
Avg per participant Above avg balance/head
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Official DOL plan name: Surmodics, Inc. 401(k) Plan and Trust · Sponsored by Surmodics, Inc. · Minnesota · Manufacturing

$52M in assets, 311 participants

Surmodics, Inc.'s Surmodics, Inc. 401(k) Plan and Trust reported $52M in total assets and 311 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #14,915 in Manufacturing (18,722 peers)

Coverage in Minnesota

Surmodics, Inc. 401(k) Plan and Trust covers 311 participants in Minnesota, about 28% of the average Minnesota filer (state average ~1,126 per filing). Assets: $52M.

#14,915
in Manufacturing (18,722 peers)
+32.2%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Surmodics, Inc. 401(k) Plan and Trust's outsized position by total assets

Surmodics, Inc. 401(k) Plan and Trust vs every filed plan by assets

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

$52,027,087 Top 14% higher than 86% 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

Surmodics, Inc. 401(k) Plan and Trust 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. Surmodics, Inc. 401(k) Plan and Trust sits mid-pack in the medium band (311 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Surmodics, Inc. 401(k) Plan and Trust reported net income rose from -$5M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Surmodics, Inc. 401(k) Plan and Trust end-of-year assets rose from $39M in the plan year 2022 filing to $52M in the plan year 2023 filing.
  • Surmodics, Inc. 401(k) Plan and Trust reported participants rose from 270 in the plan year 2022 filing to 311 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 411356149 · Surmodics, Inc. PY 2023 · 401(k)

Surmodics, Inc. 401(k) Plan and Trust · $52M · 311 · 86th

  • PART $52M
  • PART 311
  • PART 86th
  • PART 401(k)
  • PART near Bsbp&a LLP 401(k) Plan I
  • PART ind #14915

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 →

Surmodics, Inc. 401(k) Plan and Trust in the asset neighbourhood

Surmodics, Inc. 401(k) Plan and TrustSurmodics, Inc. 401(k) Plan …$52MBsbp&a LLP 401(k) Plan I$52MNlogic, Inc. 401(k) Retirement PlanNlogic, Inc. 401(k) Retireme…$52MLifelong Medical Care 403(b) PlanLifelong Medical Care 403(b)…$52MGrumman/Butkus Associates, Ltd. Employee 401(k) PlanGrumman/Butkus Associates, L…$52M
End-of-year total assets ($M) among Surmodics, Inc. 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$52M
Net Income$13M
Employer EIN411356149
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Surmodics, Inc.)

Sponsor-wide plan assets over time

All Surmodics, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$63M 59.99393476303674% vs 2022
2024 filing year
$30M$40M$50M$60M$70M 202220232024 $39.4M $63M ▲ +60.0%
Year Plans Participants Total Assets
2022 1 270 $39M
2023 1 311 $52M
2024 1 278 $63M

Nearby 401(k) Plans in Minnesota

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

Surmodics, Inc. 401(k) Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Surmodics, Inc. 401(k) Plan and Trust, Total assets ($B): 0.052027087 · Participants: 311Surmodics, Inc. 401(k) Plan and TrustUnitedhealth 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
Surmodics, Inc. 401(k) Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Surmodics, Inc. 401(k) Plan and Trust side-by-side with 3 peers →

Surmodics, Inc. 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Bsbp&a LLP 401(k) Plan I in FL ($52M); by covered participants it is Bobcat North America, LLC in FL (311 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($52M here).

Similar participant headcount

Nearest other-state filings by covered participants (311 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 Surmodics, Inc. 401(k) Plan and Trust assets move in 2023? ▼
Surmodics, Inc. 401(k) Plan and Trust surged - up 32.2% during 2023, from $39M to $52M. Reported net income was $13M.
How have Surmodics, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Surmodics, Inc.'s sponsor-wide assets grew 60.0%, from $39M to $63M.
Where does Surmodics, Inc. 401(k) Plan and Trust rank by assets among Form 5500 filers? ▼
Surmodics, Inc. 401(k) Plan and Trust ranks in the 86th 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 Surmodics, Inc. 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Bsbp&a LLP 401(k) Plan I in FL ($52M, 128 participants).
Which 401(k) plans cover a similar participant headcount to Surmodics, Inc. 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Bobcat North America, LLC in FL (311 participants, $34K 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 411356149.

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.