401(k) · DOL Form 5500 · 2024

Minnesota Ag Power, Inc. Dba Midwest Machinery Co. 401(k) Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
643
Participants Below avg headcount
85th
Percentile by assets National rank
$87,658
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Midwest Machinery Co. 401(k) Plan · Sponsored by Minnesota Ag Power, Inc. Dba Midwest Machinery Co. · Minnesota · Wholesale Trade

$56M in assets, 643 participants

Minnesota Ag Power, Inc. Dba Midwest Machinery Co.'s Midwest Machinery Co. 401(k) Plan reported $56M in total assets and 643 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • #5,275 in Wholesale Trade (6,080 peers)

Where Midwest Machinery Co. 401(k) Plan sits by assets

Midwest Machinery Co. 401(k) Plan sits in the top quartile of all filed plans by assets, $56M for 643 participants (~$87,658/participant), up 15.6% in 2024.

#5,275
in Wholesale Trade (6,080 peers)
+15.6%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Midwest Machinery Co. 401(k) Plan's outsized position by total assets

Midwest Machinery Co. 401(k) Plan vs every filed plan by assets

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

$56,363,984 Top 15% higher than 85% 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

Midwest Machinery Co. 401(k) 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. Midwest Machinery Co. 401(k) Plan sits mid-pack in the medium band (643 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Midwest Machinery Co. 401(k) Plan reported net income fell from $9M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Midwest Machinery Co. 401(k) Plan end-of-year assets rose from $49M in the plan year 2023 filing to $56M in the plan year 2024 filing.
  • Midwest Machinery Co. 401(k) Plan reported participants fell from 653 in the plan year 2023 filing to 643 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 200145525 · Minnesota Ag Power, Inc. Dba Midwest Machinery Co. PY 2024 · 401(k)

Midwest Machinery Co. 401(k) Plan · $56M · 643 · 85th

  • PART $56M
  • TYPE 643
  • NET 85th
  • BOOK 401(k)
  • VS-ST near Westfall Technik, Inc. 401(k) Plan
  • BOY ind #5275

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 →

Midwest Machinery Co. 401(k) Plan in the asset neighbourhood

Woodside Group, LLC 401(k) Retirement Savings PlanWoodside Group, LLC 401(k) R…$56MMidwest Machinery Co. 401(k) PlanMidwest Machinery Co. 401(k)…$56MWestfall Technik, Inc. 401(k) PlanWestfall Technik, Inc. 401(k…$56MPhillips Edison & Co. 401(k) Savings PlanPhillips Edison & Co. 401(k)…$56MOhio Gratings, Inc. 401(k) Profit Sharing PlanOhio Gratings, Inc. 401(k) P…$56M
End-of-year total assets ($M) among Midwest Machinery Co. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$49M
Net Assets (End of Year)$56M
Net Income$8M
Employer EIN200145525
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnesota Ag Power, Inc. Dba Midwest Machinery Co.)

Sponsor-wide plan assets over time

All Minnesota Ag Power, Inc. Dba Midwest Machinery Co. plans reported in each filing year

Latest sponsor-wide plan assets
$56M 42.600871220629294% vs 2022
2024 filing year
$30M$40M$50M$60M 202220232024 $39.5M $56.4M ▲ +42.6%
Year Plans Participants Total Assets
2022 1 685 $40M
2023 1 653 $49M
2024 1 643 $56M

Nearby 401(k) Plans in Minnesota

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

Midwest Machinery Co. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Midwest Machinery Co. 401(k) Plan, Total assets ($B): 0.056363984 · Participants: 643Midwest Machinery Co. 401(k) 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
Midwest Machinery Co. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Midwest Machinery Co. 401(k) Plan side-by-side with 3 peers →

Midwest Machinery Co. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Westfall Technik, Inc. 401(k) Plan in AZ ($56M); by covered participants it is Saalex Solutions, Inc. 401(k) in CA (643 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (643 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 Midwest Machinery Co. 401(k) Plan assets move in 2024? ▼
Midwest Machinery Co. 401(k) Plan grew sharply - up 15.6% during 2024, from $49M to $56M. Reported net income was $8M.
How have Minnesota Ag Power, Inc. Dba Midwest Machinery Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnesota Ag Power, Inc. Dba Midwest Machinery Co.'s sponsor-wide assets grew 42.6%, from $40M to $56M.
Where does Midwest Machinery Co. 401(k) Plan rank by assets among Form 5500 filers? ▼
Midwest Machinery Co. 401(k) Plan ranks in the 85th 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 Midwest Machinery Co. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Westfall Technik, Inc. 401(k) Plan in AZ ($56M, 976 participants).
Which 401(k) plans cover a similar participant headcount to Midwest Machinery Co. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Saalex Solutions, Inc. 401(k) in CA (643 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 200145525.

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.