401(k) · DOL Form 5500 · 2024

Electromed, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
172
Participants Small participant base
59th
Percentile by assets National rank
$66,683
Avg per participant Below avg balance/head
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Official DOL plan name: Electromed Inc. 401(k) Profit Sharing Plan and Trust · Sponsored by Electromed, Inc. · Minnesota · Manufacturing

$11M in assets, 172 participants

Electromed, Inc.'s Electromed Inc. 401(k) Profit Sharing Plan and Trust reported $11M in total assets and 172 participants in its 2024 DOL Form 5500 filing, ranking in the 59th 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.

  • #8,047 in Manufacturing (17,777 peers)

Coverage in Minnesota

Electromed Inc. 401(k) Profit Sharing Plan and Trust covers 172 participants in Minnesota, about 15% of the average Minnesota filer (state average ~1,126 per filing). Assets: $11M.

#8,047
in Manufacturing (17,777 peers)
+4.0%
assets growth YoY

Electromed Inc. 401(k) Profit Sharing Plan and Trust's mid-pack asset rank among Manufacturing and all filers

Electromed Inc. 401(k) Profit Sharing Plan and Trust vs every filed plan by assets

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

$11,469,417 Top 41% higher than 59% 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

Electromed Inc. 401(k) Profit Sharing Plan and Trust 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. Electromed Inc. 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (172 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Electromed Inc. 401(k) Profit Sharing Plan and Trust reported net income fell from $2M in the plan year 2023 filing to $437K in the plan year 2024 filing.
  • Electromed Inc. 401(k) Profit Sharing Plan and Trust reported participants rose from 158 in the plan year 2023 filing to 172 in the plan year 2024 filing.
  • Electromed Inc. 401(k) Profit Sharing Plan and Trust end-of-year assets rose from $11M in the plan year 2023 filing to $11M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 411732920 · Electromed, Inc. PY 2024 · 401(k)

Electromed Inc. 401(k) Profit Sharing Plan and Trust · $11M · 172 · 59th

  • NET $11M
  • BOOK 172
  • VS-ST 59th
  • BOY 401(k)
  • SCH near Print and Graphics Retirement Plan
  • EBSA ind #8047

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 →

Electromed Inc. 401(k) Profit Sharing Plan and Trust in the asset neighbourhood

Electromed Inc. 401(k) Profit Sharing Plan and TrustElectromed Inc. 401(k) Profi…$11MPrint and Graphics Retirement PlanPrint and Graphics Retiremen…$11MGem Software 401(k) Plan$11MConsumertrack, Inc. 401(k) Profit Sharing PlanConsumertrack, Inc. 401(k) P…$11MStevens Global Logistics 401(k) Salary Savings PlanStevens Global Logistics 401…$11M
End-of-year total assets ($M) among Electromed Inc. 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$11M
Net Income$437K
Employer EIN411732920
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Electromed, Inc.)

Sponsor-wide plan assets over time

All Electromed, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$11M 24.340156019594488% vs 2022
2024 filing year
$8M$9M$10M$11M$12M 202220232024 $9.22M $11.5M ▲ +24.4%
Year Plans Participants Total Assets
2022 1 143 $9M
2023 1 158 $11M
2024 1 172 $11M

Nearby 401(k) Plans in Minnesota

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

Electromed Inc. 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Electromed Inc. 401(k) Profit Sharing Plan and Trust, Total assets ($B): 0.011469417 · Participants: 172Electromed Inc. 401(k) Profit Sharing Plan and TrustWells 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
Electromed Inc. 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Electromed Inc. 401(k) Profit Sharing Plan and Trust side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Print and Graphics Retirement Plan in NY ($11M); by covered participants it is Dlmc, Inc. Dba Kamaaina Health Services 401(k) Retirement Plan in HI (172 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($11M here).

Similar participant headcount

Nearest other-state filings by covered participants (172 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 Electromed Inc. 401(k) Profit Sharing Plan and Trust assets move in 2024? ▼
Electromed Inc. 401(k) Profit Sharing Plan and Trust edged up modestly - up 4.0% during 2024, from $11M to $11M. Reported net income was $437K.
How have Electromed, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Electromed, Inc.'s sponsor-wide assets grew 24.3%, from $9M to $11M.
Which 401(k) plans are similar in size to Electromed Inc. 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Print and Graphics Retirement Plan in NY ($11M, 316 participants).
Which 401(k) plans cover a similar participant headcount to Electromed Inc. 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Dlmc, Inc. Dba Kamaaina Health Services 401(k) Retirement Plan in HI (172 participants, $999K 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 411732920.

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.