401(k) · DOL Form 5500 · 2024

Machine Concepts, Inc. 401(k) Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets
110
Participants Small participant base
71st
Percentile by assets National rank
$186,679
Avg per participant Above avg balance/head
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Official DOL plan name: Machine Concepts, Inc. Profit Sharing Plan · Sponsored by Machine Concepts, Inc. · Ohio · Manufacturing

$21M in assets, 110 participants

Machine Concepts, Inc.'s Machine Concepts, Inc. Profit Sharing Plan reported $21M in total assets and 110 participants in its 2024 DOL Form 5500 filing, ranking in the 71st 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.

  • #10,736 in Manufacturing (17,777 peers)

Coverage in Ohio

Machine Concepts, Inc. Profit Sharing Plan covers 110 participants in Ohio, about 14% of the average Ohio filer (state average ~765 per filing). Assets: $21M.

#10,736
in Manufacturing (17,777 peers)
-5.0%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Machine Concepts, Inc. Profit Sharing Plan's outsized position by total assets

Machine Concepts, Inc. Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$20,534,734 Top 29% higher than 71% of 123,620 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 2024

Machine Concepts, Inc. Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Machine Concepts, Inc. Profit Sharing Plan sits mid-pack in the medium band (110 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Machine Concepts, Inc. Profit Sharing Plan reported net income fell from $3M in the plan year 2023 filing to -$1M in the plan year 2024 filing.
  • Machine Concepts, Inc. Profit Sharing Plan end-of-year assets fell from $22M in the plan year 2023 filing to $21M in the plan year 2024 filing.
  • Machine Concepts, Inc. Profit Sharing Plan reported participants rose from 105 in the plan year 2023 filing to 110 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 341759317 · Machine Concepts, Inc. PY 2024 · 401(k)

Machine Concepts, Inc. Profit Sharing Plan · $21M · 110 · 71st

  • PHOTO $21M
  • IND 110
  • EOY 71st
  • 5500 401(k)
  • ASSETS near Gross Auto Retirement Plan
  • PCT ind #10736

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 Ohio →

Machine Concepts, Inc. Profit Sharing Plan in the asset neighbourhood

Gross Auto Retirement Plan$21MHeritage Financial Group, Inc. 401(k) Plan and TrustHeritage Financial Group, In…$21MPremier Payroll Administration, Inc. 401(k) PlanPremier Payroll Administrati…$21MPioneer Incorporated Employee 401(k) PlanPioneer Incorporated Employe…$21MMachine Concepts, Inc. Profit Sharing PlanMachine Concepts, Inc. Profi…$21M
End-of-year total assets ($M) among Machine Concepts, Inc. Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$21M
Net Income-$1M
Employer EIN341759317
Plan Effective Date1995-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Machine Concepts, Inc.)

Sponsor-wide plan assets over time

All Machine Concepts, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$21M 10.75709373720526% vs 2022
2024 filing year
$18M$19M$20M$21M$22M 202220232024 $18.5M $20.5M ▲ +10.7%
Year Plans Participants Total Assets
2022 1 98 $19M
2023 1 105 $22M
2024 1 110 $21M

Nearby 401(k) Plans in Ohio

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

Machine Concepts, Inc. Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Machine Concepts, Inc. Profit Sharing Plan, Total assets ($B): 0.020534734 · Participants: 110Machine Concepts, Inc. Profit Sharing PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
Machine Concepts, Inc. Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Machine Concepts, Inc. Profit Sharing Plan side-by-side with 3 peers →

Machine Concepts, Inc. Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Gross Auto Retirement Plan in WI ($21M); by covered participants it is Baymeadows Animal Hospital LLC 401(k) Profit Sharing Plan & Trust in FL (110 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (110 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Machine Concepts, Inc. Profit Sharing Plan assets move in 2024? ▼
Machine Concepts, Inc. Profit Sharing Plan pulled back noticeably - down 5.0% during 2024, from $22M to $21M. Reported net income was -$1M.
How have Machine Concepts, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Machine Concepts, Inc.'s sponsor-wide assets grew 10.8%, from $19M to $21M.
Which 401(k) plans are similar in size to Machine Concepts, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gross Auto Retirement Plan in WI ($21M, 105 participants).
Which 401(k) plans cover a similar participant headcount to Machine Concepts, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Baymeadows Animal Hospital LLC 401(k) Profit Sharing Plan & Trust in FL (110 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 341759317.

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.