401(k) · DOL Form 5500 · 2024

Design Ready Controls, Inc. 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
532
Participants Below avg headcount
65th
Percentile by assets National rank
$28,440
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Design Ready Controls, Inc. 401(k) Plan · Sponsored by Design Ready Controls, Inc. · Minnesota · Manufacturing

$15M in assets, 532 participants

Design Ready Controls, Inc.'s Design Ready Controls, Inc. 401(k) Plan reported $15M in total assets and 532 participants in its 2024 DOL Form 5500 filing, ranking in the 65th 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.

  • #9,361 in Manufacturing (17,777 peers)

Coverage in Minnesota

Design Ready Controls, Inc. 401(k) Plan covers 532 participants in Minnesota, about 47% of the average Minnesota filer (state average ~1,126 per filing). Assets: $15M.

#9,361
in Manufacturing (17,777 peers)
+28.2%
assets growth YoY

Design Ready Controls, Inc. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Design Ready Controls, Inc. 401(k) Plan vs every filed plan by assets

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

$15,130,014 Top 35% higher than 65% 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

Design Ready Controls, Inc. 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. Design Ready Controls, Inc. 401(k) Plan sits mid-pack in the medium band (532 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Design Ready Controls, Inc. 401(k) Plan reported participants rose from 399 in the plan year 2023 filing to 532 in the plan year 2024 filing.
  • Design Ready Controls, Inc. 401(k) Plan end-of-year assets rose from $12M in the plan year 2023 filing to $15M in the plan year 2024 filing.
  • Design Ready Controls, Inc. 401(k) Plan reported net income rose from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 411649617 · Design Ready Controls, Inc. PY 2024 · 401(k)

Design Ready Controls, Inc. 401(k) Plan · $15M · 532 · 65th

  • PCT $15M
  • PCT 532
  • PCT 65th
  • PCT 401(k)
  • PCT near Citizens Bank and Trust 401(k) Plan
  • PCT ind #9361

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 Minnesota →

Design Ready Controls, Inc. 401(k) Plan in the asset neighbourhood

Design Ready Controls, Inc. 401(k) PlanDesign Ready Controls, Inc. …$15MCitizens Bank and Trust 401(k) PlanCitizens Bank and Trust 401(…$15MDnt Construction 401(k) Retirement PlanDnt Construction 401(k) Reti…$15MJenkins Services, Inc. 401(k) PlanJenkins Services, Inc. 401(k…$15MGranite Federal Credit Union 401(k) Plan and TrustGranite Federal Credit Union…$15M
End-of-year total assets ($M) among Design Ready Controls, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$15M
Net Income$3M
Employer EIN411649617
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Design Ready Controls, Inc.)

Sponsor-wide plan assets over time

All Design Ready Controls, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 64.78910009877535% vs 2022
2024 filing year
$8M$10M$12M$14M$16M 202220232024 $9.18M $15.1M ▲ +64.8%
Year Plans Participants Total Assets
2022 1 388 $9M
2023 1 399 $12M
2024 1 532 $15M

Nearby 401(k) Plans in Minnesota

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

Design Ready Controls, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Design Ready Controls, Inc. 401(k) Plan, Total assets ($B): 0.015130014 · Participants: 532Design Ready Controls, Inc. 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
Design Ready Controls, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Design Ready Controls, Inc. 401(k) Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Citizens Bank and Trust 401(k) Plan in FL ($15M); by covered participants it is Gunther Motor Company 401(k) Plan in FL (532 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($15M here).

Similar participant headcount

Nearest other-state filings by covered participants (532 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 Design Ready Controls, Inc. 401(k) Plan assets move in 2024? ▼
Design Ready Controls, Inc. 401(k) Plan grew sharply - up 28.2% during 2024, from $12M to $15M. Reported net income was $3M.
How have Design Ready Controls, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Design Ready Controls, Inc.'s sponsor-wide assets grew 64.8%, from $9M to $15M.
Which 401(k) plans are similar in size to Design Ready Controls, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Citizens Bank and Trust 401(k) Plan in FL ($15M, 208 participants).
Which 401(k) plans cover a similar participant headcount to Design Ready Controls, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Gunther Motor Company 401(k) Plan in FL (532 participants, $34M 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 411649617.

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.