401(k) · DOL Form 5500 · 2023

Tessco Technologies Incorporated 401(k) Plan

Data updated 2026-08-25

$59M
Total assets Below avg plan size
533
Participants Below avg headcount
87th
Percentile by assets National rank
$110,753
Avg per participant Below avg balance/head
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Official DOL plan name: Tessco Technologies Incorporated 401(k) Retirement Savings Plan · Sponsored by Tessco Technologies Incorporated · Maryland · Information & Media

$59M in assets, 533 participants

Tessco Technologies Incorporated's Tessco Technologies Incorporated 401(k) Retirement Savings Plan reported $59M in total assets and 533 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.

  • #2,312 in Information & Media (2,818 peers)

Where Tessco Technologies Incorporated 401(k) Retirement Savings Plan sits by assets

Tessco Technologies Incorporated 401(k) Retirement Savings Plan sits in the top quartile of all filed plans by assets, $59M for 533 participants (~$110,753/participant), up 12.2% in 2023.

#2,312
in Information & Media (2,818 peers)
+12.2%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Tessco Technologies Incorporated 401(k) Retirement Savings Plan's outsized position by total assets

Tessco Technologies Incorporated 401(k) Retirement Savings Plan vs every filed plan by assets

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

$59,031,350 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

Tessco Technologies Incorporated 401(k) Retirement 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. Tessco Technologies Incorporated 401(k) Retirement Savings Plan sits mid-pack in the medium band (533 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Tessco Technologies Incorporated 401(k) Retirement Savings Plan reported net income rose from -$15M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Tessco Technologies Incorporated 401(k) Retirement Savings Plan end-of-year assets rose from $53M in the plan year 2022 filing to $59M in the plan year 2023 filing.
  • Tessco Technologies Incorporated 401(k) Retirement Savings Plan reported participants rose from 527 in the plan year 2022 filing to 533 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 520729657 · Tessco Technologies Incorporated PY 2023 · 401(k)

Tessco Technologies Incorporated 401(k) Retirement Savings Plan · $59M · 533 · 87th

  • SCH $59M
  • SCH 533
  • SCH 87th
  • SCH 401(k)
  • SCH near Twin City Foods, Inc. 401(k) Plan
  • SCH ind #2312

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 Information & Media retirement plans → · Plans in Maryland →

Tessco Technologies Incorporated 401(k) Retirement Savings Plan in the asset neighbourhood

Ngk Electronics USA, Inc. 401(k) Savings and Profit Sharing PlanNgk Electronics USA, Inc. 40…$59MTessco Technologies Incorporated 401(k) Retirement Savings PlanTessco Technologies Incorpor…$59MTwin City Foods, Inc. 401(k) PlanTwin City Foods, Inc. 401(k)…$59MInfinity Systems Engineering, LLC 401(k) PlanInfinity Systems Engineering…$59MOhio's Hospice, Inc. 401(k) Retirement SavingsOhio's Hospice, Inc. 401(k) …$59M
End-of-year total assets ($M) among Tessco Technologies Incorporated 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$59M
Net Income$6M
Employer EIN520729657
Plan Effective Date1991-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Tessco Technologies Incorporated)

Sponsor-wide plan assets over time

All Tessco Technologies Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2024 filing year
$0M$20M$40M$60M$80M 202220232024 $52.6M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 527 $53M
2023 1 533 $59M
2024 1 422 N/A

Nearby 401(k) Plans in Maryland

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

Tessco Technologies Incorporated 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Tessco Technologies Incorporated 401(k) Retirement Savings Plan, Total assets ($B): 0.05903135 · Participants: 533Tessco Technologies Incorporated 401(k) Retirement Savings PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Tessco Technologies Incorporated 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Tessco Technologies Incorporated 401(k) Retirement Savings Plan side-by-side with 3 peers →

Tessco Technologies Incorporated 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Twin City Foods, Inc. 401(k) Plan in WA ($59M); by covered participants it is Bestbet Holdings, Inc. 401(k) Plan in FL (533 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (533 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 Tessco Technologies Incorporated 401(k) Retirement Savings Plan assets move in 2023? ▼
Tessco Technologies Incorporated 401(k) Retirement Savings Plan grew at a solid clip - up 12.2% during 2023, from $53M to $59M. Reported net income was $6M.
Where does Tessco Technologies Incorporated 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Tessco Technologies Incorporated 401(k) Retirement Savings 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 Tessco Technologies Incorporated 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Twin City Foods, Inc. 401(k) Plan in WA ($59M, 630 participants).
Which 401(k) plans cover a similar participant headcount to Tessco Technologies Incorporated 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bestbet Holdings, Inc. 401(k) Plan in FL (533 participants, $18M 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 520729657.

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.