401(k) · DOL Form 5500 · 2023

The Bernick Companies 401(k) Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
607
Participants Below avg headcount
87th
Percentile by assets National rank
$91,728
Avg per participant Below avg balance/head
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Official DOL plan name: The Bernick Companies Profit Sharing 401(k) Plan · Sponsored by The Bernick Companies · Minnesota · Manufacturing

$56M in assets, 607 participants

The Bernick Companies's The Bernick Companies Profit Sharing 401(k) Plan reported $56M in total assets and 607 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #15,078 in Manufacturing (18,722 peers)

Where The Bernick Companies Profit Sharing 401(k) Plan sits by assets

The Bernick Companies Profit Sharing 401(k) Plan sits in the top quartile of all filed plans by assets, $56M for 607 participants (~$91,728/participant), up 16.8% in 2023.

#15,078
in Manufacturing (18,722 peers)
+16.8%
assets growth YoY
0.6×
vs typical plan assets (national mean)

The Bernick Companies Profit Sharing 401(k) Plan's outsized position by total assets

The Bernick Companies Profit Sharing 401(k) Plan vs every filed plan by assets

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

$55,678,906 Top 13% higher than 87% 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

The Bernick Companies Profit Sharing 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. The Bernick Companies Profit Sharing 401(k) Plan sits mid-pack in the medium band (607 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Bernick Companies Profit Sharing 401(k) Plan reported net income rose from -$9M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • The Bernick Companies Profit Sharing 401(k) Plan end-of-year assets rose from $48M in the plan year 2022 filing to $56M in the plan year 2023 filing.
  • The Bernick Companies Profit Sharing 401(k) Plan reported participants rose from 555 in the plan year 2022 filing to 607 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410149440 · The Bernick Companies PY 2023 · 401(k)

The Bernick Companies Profit Sharing 401(k) Plan · $56M · 607 · 87th

  • EIN $56M
  • EIN 607
  • EIN 87th
  • EIN 401(k)
  • EIN near Mobile Communications America, Inc. 401(k) Plan
  • EIN ind #15078

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 →

The Bernick Companies Profit Sharing 401(k) Plan in the asset neighbourhood

The Bernick Companies Profit Sharing 401(k) PlanThe Bernick Companies Profit…$56MMobile Communications America, Inc. 401(k) PlanMobile Communications Americ…$56MDouble H Plastics, Inc. 401(k) Profit Sharing PlanDouble H Plastics, Inc. 401(…$56MCerus Corporation 401(k) Profit Sharing PlanCerus Corporation 401(k) Pro…$56MAtalco LLC Employee Savings PlanAtalco LLC Employee Savings …$56M
End-of-year total assets ($M) among The Bernick Companies Profit Sharing 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$56M
Net Income$8M
Employer EIN410149440
Plan Effective Date1982-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Bernick Companies)

Sponsor-wide plan assets over time

All The Bernick Companies plans reported in each filing year

Latest sponsor-wide plan assets
$64M 34.73379887633831% vs 2022
2024 filing year
$45M$50M$55M$60M$65M$70M 202220232024 $47.7M $64.3M ▲ +34.7%
Year Plans Participants Total Assets
2022 1 555 $48M
2023 1 607 $56M
2024 1 643 $64M

Nearby 401(k) Plans in Minnesota

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

The Bernick Companies Profit Sharing 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants The Bernick Companies Profit Sharing 401(k) Plan, Total assets ($B): 0.055678906 · Participants: 607The Bernick Companies Profit Sharing 401(k) 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
The Bernick Companies Profit Sharing 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare The Bernick Companies Profit Sharing 401(k) Plan side-by-side with 3 peers →

The Bernick Companies Profit Sharing 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Mobile Communications America, Inc. 401(k) Plan in SC ($56M); by covered participants it is Liberty Media 401(k) Savings Plan in CO (607 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (607 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 The Bernick Companies Profit Sharing 401(k) Plan assets move in 2023? ▼
The Bernick Companies Profit Sharing 401(k) Plan grew sharply - up 16.8% during 2023, from $48M to $56M. Reported net income was $8M.
How have The Bernick Companies plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Bernick Companies's sponsor-wide assets grew 34.7%, from $48M to $64M.
Where does The Bernick Companies Profit Sharing 401(k) Plan rank by assets among Form 5500 filers? ▼
The Bernick Companies Profit Sharing 401(k) Plan ranks in the 87th 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 The Bernick Companies Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mobile Communications America, Inc. 401(k) Plan in SC ($56M, 1,317 participants).
Which 401(k) plans cover a similar participant headcount to The Bernick Companies Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Liberty Media 401(k) Savings Plan in CO (607 participants, $95M 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 410149440.

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.