401(k) · DOL Form 5500 · 2024

Minnesota Elevator, Inc. 401(k) Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
300
Participants Below avg headcount
79th
Percentile by assets National rank
$110,305
Avg per participant Below avg balance/head
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Official DOL plan name: Minnesota Elevator, Inc. 401(k) Profit Sharing Plan · Sponsored by Minnesota Elevator, Inc. · Minnesota · Construction

$33M in assets, 300 participants

Minnesota Elevator, Inc.'s Minnesota Elevator, Inc. 401(k) Profit Sharing Plan reported $33M in total assets and 300 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #6,981 in Construction (9,039 peers)

Coverage in Minnesota

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan covers 300 participants in Minnesota, about 27% of the average Minnesota filer (state average ~1,126 per filing). Assets: $33M.

#6,981
in Construction (9,039 peers)
+4.3%
assets growth YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $321K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan's outsized position by total assets

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$33,091,580 Top 21% higher than 79% 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

Minnesota Elevator, Inc. 401(k) 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. Minnesota Elevator, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (300 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Minnesota Elevator, Inc. 401(k) Profit Sharing Plan reported net income fell from $4M in the plan year 2023 filing to -$321K in the plan year 2024 filing.
  • Minnesota Elevator, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $32M in the plan year 2023 filing to $33M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 410972538 · Minnesota Elevator, Inc. PY 2024 · 401(k)

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan · $33M · 300 · 79th

  • RANK $33M
  • RANK 300
  • RANK 79th
  • RANK 401(k)
  • RANK near Capital Credit Union 401(k) Plan and Trust
  • RANK ind #6981

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 →

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Launchdarkly 401(k) Plan$33MMinnesota Elevator, Inc. 401(k) Profit Sharing PlanMinnesota Elevator, Inc. 401…$33MCapital Credit Union 401(k) Plan and TrustCapital Credit Union 401(k) …$33MLange Companies 401(k) Retirement PlanLange Companies 401(k) Retir…$33MXtek Inc Employee Savings PlanXtek Inc Employee Savings Pl…$33M
End-of-year total assets ($M) among Minnesota Elevator, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$33M
Net Income-$321K
Employer EIN410972538
Plan Effective Date1979-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnesota Elevator, Inc.)

Sponsor-wide plan assets over time

All Minnesota Elevator, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$107M 92.98314047525355% vs 2022
2024 filing year
$40M$60M$80M$100M$120M 202220232024 $55.5M $107M ▲ +93.0%
Year Plans Participants Total Assets
2022 2 451 $56M
2023 2 454 $83M
2024 2 462 $107M

Nearby 401(k) Plans in Minnesota

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

Minnesota Elevator, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Minnesota Elevator, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.03309158 · Participants: 300Minnesota Elevator, Inc. 401(k) Profit Sharing PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Savings Plan
Minnesota Elevator, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Minnesota Elevator, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Capital Credit Union 401(k) Plan and Trust in WI ($33M); by covered participants it is Vital Plastics, Inc. 401(k) Plan in WI (300 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($33M here).

Similar participant headcount

Nearest other-state filings by covered participants (300 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 Minnesota Elevator, Inc. 401(k) Profit Sharing Plan assets move in 2024? ▼
Minnesota Elevator, Inc. 401(k) Profit Sharing Plan edged up modestly - up 4.3% during 2024, from $32M to $33M. Reported net income was -$321K.
How have Minnesota Elevator, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnesota Elevator, Inc.'s sponsor-wide assets grew 93.0%, from $56M to $107M.
Where does Minnesota Elevator, Inc. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Minnesota Elevator, Inc. 401(k) Profit Sharing Plan ranks in the 79th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Minnesota Elevator, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Capital Credit Union 401(k) Plan and Trust in WI ($33M, 460 participants).
Which 401(k) plans cover a similar participant headcount to Minnesota Elevator, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Vital Plastics, Inc. 401(k) Plan in WI (300 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 410972538.

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.