401(k) · DOL Form 5500 · 2023

Concept Machine Tool Sales LLC 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
111
Participants Small participant base
63rd
Percentile by assets National rank
$112,402
Avg per participant Below avg balance/head
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Official DOL plan name: Concept 401(k) Plan · Sponsored by Concept Machine Tool Sales LLC · Minnesota · Wholesale Trade

$12M in assets, 111 participants

Concept Machine Tool Sales LLC's Concept 401(k) Plan reported $12M in total assets and 111 participants in its 2023 DOL Form 5500 filing, ranking in the 63rd 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.

  • #3,567 in Wholesale Trade (6,309 peers)

Coverage in Minnesota

Concept 401(k) Plan covers 111 participants in Minnesota, about 10% of the average Minnesota filer (state average ~1,126 per filing). Assets: $12M.

#3,567
in Wholesale Trade (6,309 peers)
+10.9%
assets growth YoY

Concept 401(k) Plan's mid-pack asset rank among Wholesale Trade and all filers

Concept 401(k) Plan vs every filed plan by assets

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

$12,476,577 Top 37% higher than 63% 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

Concept 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. Concept 401(k) Plan sits mid-pack in the medium band (111 participants).

DOL schedule card

Filing strip 411241969 · Concept Machine Tool Sales LLC PY 2023 · 401(k)

Concept 401(k) Plan · $12M · 111 · 63rd

  • PART $12M
  • PART 111
  • PART 63rd
  • PART 401(k)
  • PART near Wincorp International, Inc. 401(k) Profit Sharing Plan and
  • PART ind #3567

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 →

Concept 401(k) Plan in the asset neighbourhood

Concept 401(k) Plan$12MWincorp International, Inc. 401(k) Profit Sharing Plan andWincorp International, Inc. …$12MPerform (Cb), LLC 401(k)$12MHarlem Children's Zone, Inc. Profit Sharing PlanHarlem Children's Zone, Inc.…$12MCardiovascular Associates, Inc. 401(k) PlanCardiovascular Associates, I…$12M
End-of-year total assets ($M) among Concept 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$12M
Net Income$1M
Employer EIN411241969
Plan Effective Date1991-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Concept Machine Tool Sales LLC)

Sponsor-wide plan assets over time

All Concept Machine Tool Sales LLC plans reported in each filing year

Latest sponsor-wide plan assets
$14M 10.74012527634783% vs 2023
2024 filing year
$12M$12.5M$13M$13.5M$14M 20232024 $12.5M $13.8M ▲ +10.7%
Year Plans Participants Total Assets
2023 1 111 $12M
2024 1 166 $14M

Nearby 401(k) Plans in Minnesota

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

Concept 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Concept 401(k) Plan, Total assets ($B): 0.012476577 · Participants: 111Concept 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
Concept 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Concept 401(k) Plan side-by-side with 3 peers →

Concept 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Wincorp International, Inc. 401(k) Profit Sharing Plan and in FL ($12M); by covered participants it is Reliable Appliance Installation Inc. 401(k) Plan in OH (111 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (111 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 Concept 401(k) Plan assets move in 2023? ▼
Concept 401(k) Plan grew at a solid clip - up 10.9% during 2023, from $11M to $12M. Reported net income was $1M.
How have Concept Machine Tool Sales LLC plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Concept Machine Tool Sales LLC's sponsor-wide assets grew 10.7%, from $12M to $14M.
Which 401(k) plans are similar in size to Concept 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wincorp International, Inc. 401(k) Profit Sharing Plan and in FL ($12M, 320 participants).
Which 401(k) plans cover a similar participant headcount to Concept 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Reliable Appliance Installation Inc. 401(k) Plan in OH (111 participants, $3M 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 411241969.

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.