401(k) · DOL Form 5500 · 2024

Modern Manufacturing & Engineering Inc. 401(k) Plan

Data updated 2026-08-11

$16M
Total assets: 142
Participants: 66th
Percentile by assets: $115,983
Avg per participant

Official DOL plan name: Modern Manufacturing & Engineering Inc. Retirement/Savings Plan · Sponsored by Modern Manufacturing & Engineering Inc. · Minnesota · Manufacturing

$16M in assets, 142 participants

Modern Manufacturing & Engineering Inc.'s Modern Manufacturing & Engineering Inc. Retirement/Savings Plan reported $16M in total assets and 142 participants in its 2024 DOL Form 5500 filing, ranking in the 66th 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.

66th percentile by assets (of 123,622 plans)
#9,759 in Manufacturing (17,777 peers)

Coverage in Minnesota

Modern Manufacturing & Engineering Inc. Retirement/Savings Plan covers 142 participants in Minnesota, about 13% of the average Minnesota filer (state average ~1,126 per filing). Assets: $16M.

$16M
total plan assets (2024 EOY): 142
covered participants: 66th
percentile by assets (of 123,622 plans): $115,983
avg assets per participant

Where Modern Manufacturing & Engineering Inc. Retirement/Savings Plan sits by total assets

Modern Manufacturing & Engineering Inc. Retirement/Savings Plan vs every filed plan by assets

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

$16,469,590 Top 34% higher than 66% of 123,620 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Modern Manufacturing & Engineering Inc. Retirement/Savings Plan reported net income fell from $2M in the plan year 2023 filing to $990K in the plan year 2024 filing.
Modern Manufacturing & Engineering Inc. Retirement/Savings Plan end-of-year assets rose from $15M in the plan year 2023 filing to $16M in the plan year 2024 filing.
Modern Manufacturing & Engineering Inc. Retirement/Savings Plan reported participants fell from 144 in the plan year 2023 filing to 142 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Minnesota

Industry

Manufacturing

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Modern Manufacturing & Engineering Inc. Retirement/Savings Plan reports 142 participants - about 13% of that state average ($16M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$15M
Net Assets (End of Year)	$16M
Net Income	$990K
Employer EIN	411775912
Plan Effective Date	1983-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Modern Manufacturing & Engineering Inc.)

Total plan assets by year, all Modern Manufacturing & Engineering Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	143	$13M
2023	1	144	$15M
2024	1	142	$16M

Nearby 401(k) Plans in Minnesota

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

Modern Manufacturing & Engineering Inc. Retirement/Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

Wells Fargo & Company 401(k) Plan $57.9B · 179,076
Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
Target Corporation 401(k) Plan $14.4B · 409,649
Medtronic Savings and Investment Plan $13.7B · 38,480
U.S. Bank 401(k) Savings Plan $11.4B · 73,109

Compare Modern Manufacturing & Engineering Inc. … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Modern Manufacturing & Engineering Inc. Retirement/Savings Plan by total assets, not by location.

Environmental Design & Reseach, PC 401(k) Plan (NY) $16M · 232
Usg Management Services of Florida, Inc. 401(k) Plan (FL) $16M · 210
Solace Healthcare, Inc. 401(k) Plan (CO) $16M · 601
Fimco, Inc. 401(k) Savings Plan (SD) $16M · 365

Frequently Asked Questions

How did Modern Manufacturing & Engineering Inc. Retirement/Savings Plan assets move in 2024? ▼

Modern Manufacturing & Engineering Inc. Retirement/Savings Plan grew at a solid clip - up 6.4% during 2024, from $15M to $16M. Reported net income was $990K.

How have Modern Manufacturing & Engineering Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Modern Manufacturing & Engineering Inc.'s sponsor-wide assets grew 23.1%, from $13M to $16M.

Which 401(k) plans are similar in size to Modern Manufacturing & Engineering Inc. Retirement/Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Environmental Design & Reseach, PC 401(k) Plan in NY ($16M, 232 participants).

Next read for Modern Manufacturing & Engineering Inc. …

Filing takeaways

Ways to act on Modern Manufacturing & Engineering Inc. Retirement/Savings Plan's numbers.

By total assets, Modern Manufacturing & Engineering Inc. Retirement/Savings Plan ranks above the median plan by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Modern Manufacturing & Engineering Inc.'s sponsor-wide assets have grown 23.1% since 2022 across 3 plan years on file. More Manufacturing plans

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 411775912.