401(k) · DOL Form 5500 · 2023

Design Electric, Inc. 401(k) Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets
122
Participants Small participant base
74th
Percentile by assets National rank
$175,667
Avg per participant Above avg balance/head
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Official DOL plan name: Design Electric, Inc. 401(k) Retirement Plan · Sponsored by Design Electric, Inc. · Minnesota · Construction

$21M in assets, 122 participants

Design Electric, Inc.'s Design Electric, Inc. 401(k) Retirement Plan reported $21M in total assets and 122 participants in its 2023 DOL Form 5500 filing, ranking in the 74th 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.

  • #6,540 in Construction (9,030 peers)

Coverage in Minnesota

Design Electric, Inc. 401(k) Retirement Plan covers 122 participants in Minnesota, about 11% of the average Minnesota filer (state average ~1,126 per filing). Assets: $21M.

#6,540
in Construction (9,030 peers)
+12.5%
assets growth YoY

Design Electric, Inc. 401(k) Retirement Plan's outsized position by total assets

Design Electric, Inc. 401(k) Retirement Plan vs every filed plan by assets

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

$21,431,383 Top 26% higher than 74% 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

Design Electric, Inc. 401(k) Retirement 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. Design Electric, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (122 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Design Electric, Inc. 401(k) Retirement Plan reported net income rose from -$1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Design Electric, Inc. 401(k) Retirement Plan end-of-year assets rose from $19M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • Design Electric, Inc. 401(k) Retirement Plan reported participants fell from 129 in the plan year 2022 filing to 122 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 411223438 · Design Electric, Inc. PY 2023 · 401(k)

Design Electric, Inc. 401(k) Retirement Plan · $21M · 122 · 74th

  • BOOK $21M
  • VS-ST 122
  • BOY 74th
  • SCH 401(k)
  • EBSA near Clinical Associates, P.a. 401(k) Plan
  • PART ind #6540

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 Construction retirement plans → · Plans in Minnesota →

Design Electric, Inc. 401(k) Retirement Plan in the asset neighbourhood

Design Electric, Inc. 401(k) Retirement PlanDesign Electric, Inc. 401(k)…$21MClinical Associates, P.a. 401(k) PlanClinical Associates, P.a. 40…$21MFirst 401(k) Plan$21MTrendsetter Engineering, Inc. 401(k) Profit Sharing PlanTrendsetter Engineering, Inc…$21MWps Bargaining Unit Employees 401(k) PlanWps Bargaining Unit Employee…$21M
End-of-year total assets ($M) among Design Electric, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$21M
Net Income$2M
Employer EIN411223438
Plan Effective Date1994-01-07
Filing StatusFILING RECEIVED

Sponsor Plan History (Design Electric, Inc.)

Sponsor-wide plan assets over time

All Design Electric, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$23M 21.670387270888384% vs 2022
2024 filing year
$18M$20M$22M$24M 202220232024 $19.1M $23.2M ▲ +21.7%
Year Plans Participants Total Assets
2022 1 129 $19M
2023 1 122 $21M
2024 1 132 $23M

Nearby 401(k) Plans in Minnesota

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

Design Electric, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Design Electric, Inc. 401(k) Retirement Plan, Total assets ($B): 0.021431383 · Participants: 122Design Electric, Inc. 401(k) Retirement 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
Design Electric, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Design Electric, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Design Electric, Inc. 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Clinical Associates, P.a. 401(k) Plan in MD ($21M); by covered participants it is G & L Davis Meat Co. Inc. 401(k) Plan in NY (122 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($21M here).

Similar participant headcount

Nearest other-state filings by covered participants (122 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 Design Electric, Inc. 401(k) Retirement Plan assets move in 2023? ▼
Design Electric, Inc. 401(k) Retirement Plan grew at a solid clip - up 12.5% during 2023, from $19M to $21M. Reported net income was $2M.
How have Design Electric, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Design Electric, Inc.'s sponsor-wide assets grew 21.7%, from $19M to $23M.
Which 401(k) plans are similar in size to Design Electric, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Clinical Associates, P.a. 401(k) Plan in MD ($21M, 159 participants).
Which 401(k) plans cover a similar participant headcount to Design Electric, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is G & L Davis Meat Co. Inc. 401(k) Plan in NY (122 participants, $12M 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 411223438.

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.