401(k) · DOL Form 5500 · 2024

Mechanical Tool & Engineering Co. 401(k) Plan

Data updated 2026-08-25

$31M
Total assets Below avg plan size
265
Participants Below avg headcount
78th
Percentile by assets National rank
$115,112
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Mte Employee Savings and Retirement Plan · Sponsored by Mechanical Tool & Engineering Co. · Illinois · Manufacturing

$31M in assets, 265 participants

Mechanical Tool & Engineering Co.'s Mte Employee Savings and Retirement Plan reported $31M in total assets and 265 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.

  • #12,289 in Manufacturing (17,777 peers)

Coverage in Illinois

Mte Employee Savings and Retirement Plan covers 265 participants in Illinois, about 34% of the average Illinois filer (state average ~779 per filing). Assets: $31M.

#12,289
in Manufacturing (17,777 peers)
+5.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Mte Employee Savings and Retirement Plan's outsized position by total assets

Mte Employee Savings and Retirement Plan vs every filed plan by assets

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

$30,504,601 Top 22% higher than 78% 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

Mte Employee Savings and Retirement 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. Mte Employee Savings and Retirement Plan sits mid-pack in the medium band (265 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mte Employee Savings and Retirement Plan reported net income fell from $4M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Mte Employee Savings and Retirement Plan reported participants rose from 252 in the plan year 2023 filing to 265 in the plan year 2024 filing.
  • Mte Employee Savings and Retirement Plan end-of-year assets rose from $29M in the plan year 2023 filing to $31M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 362260687 · Mechanical Tool & Engineering Co. PY 2024 · 401(k)

Mte Employee Savings and Retirement Plan · $31M · 265 · 78th

  • EOY $31M
  • 5500 265
  • ASSETS 78th
  • PCT 401(k)
  • EIN near Powell's Books Retirement 401(k) and Savings Plan
  • RANK ind #12289

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 Illinois →

Mte Employee Savings and Retirement Plan in the asset neighbourhood

Powell's Books Retirement 401(k) and Savings PlanPowell's Books Retirement 40…$31MMmgl 401(k) Plan$31MMassachusetts Nurses Association Retirement & Savings PlanMassachusetts Nurses Associa…$31MSapp Bros., Inc. Retirement PlanSapp Bros., Inc. Retirement …$31MMte Employee Savings and Retirement PlanMte Employee Savings and Ret…$31M
End-of-year total assets ($M) among Mte Employee Savings and Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$30M
Net Income$1M
Employer EIN362260687
Plan Effective Date1991-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mechanical Tool & Engineering Co.)

Sponsor-wide plan assets over time

All Mechanical Tool & Engineering Co. plans reported in each filing year

Latest sponsor-wide plan assets
$31M 19.63139870170488% vs 2022
2024 filing year
$24M$26M$28M$30M$32M 202220232024 $25.5M $30.5M ▲ +19.6%
Year Plans Participants Total Assets
2022 1 250 $25M
2023 1 252 $29M
2024 1 265 $31M

Nearby 401(k) Plans in Illinois

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

Mte Employee Savings and Retirement Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants Mte Employee Savings and Retirement Plan, Total assets ($B): 0.030504601 · Participants: 265Mte Employee Savings and Retirement PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 21.302643276 · Participants: 66965Accenture United States 401(k) Match and Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 19.010099056 · Participants: 63297State Farm 401(k) Savings PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 16.835964452 · Participants: 16659United Airlines Pilot Retirement Account PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 15.755668 · Participants: 38229Abbott Laboratories Stock Retirement PlanWalgreens Retirement Savings Plan, Total assets ($B): 14.535873337 · Participants: 233635Walgreens Retirement Savings Plan
Mte Employee Savings and Retirement Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Mte Employee Savings and Retirement Plan side-by-side with 3 peers →

Mte Employee Savings and Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Powell's Books Retirement 401(k) and Savings Plan in OR ($31M); by covered participants it is Territorial Savings Bank 401(k) Plan in HI (265 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($31M here).

Similar participant headcount

Nearest other-state filings by covered participants (265 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 Mte Employee Savings and Retirement Plan assets move in 2024? ▼
Mte Employee Savings and Retirement Plan grew at a solid clip - up 5.1% during 2024, from $29M to $31M. Reported net income was $1M.
How have Mechanical Tool & Engineering Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mechanical Tool & Engineering Co.'s sponsor-wide assets grew 19.6%, from $25M to $31M.
Where does Mte Employee Savings and Retirement Plan rank by assets among Form 5500 filers? ▼
Mte Employee Savings and Retirement Plan ranks in the 78th 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 Mte Employee Savings and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Powell's Books Retirement 401(k) and Savings Plan in OR ($31M, 311 participants).
Which 401(k) plans cover a similar participant headcount to Mte Employee Savings and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Territorial Savings Bank 401(k) Plan in HI (265 participants, $29M 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 362260687.

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.