401(k) · DOL Form 5500 · 2024

Scott Equipment Company 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
164
Participants Small participant base
74th
Percentile by assets National rank
$147,292
Avg per participant Above avg balance/head
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Official DOL plan name: Scott Equipment Company Employees 401(k) Profit Sharing Plan · Sponsored by Scott Equipment Company · Minnesota · Manufacturing

$24M in assets, 164 participants

Scott Equipment Company's Scott Equipment Company Employees 401(k) Profit Sharing Plan reported $24M in total assets and 164 participants in its 2024 DOL Form 5500 filing, ranking in the 74th 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.

  • #11,387 in Manufacturing (17,777 peers)

Coverage in Minnesota

Scott Equipment Company Employees 401(k) Profit Sharing Plan covers 164 participants in Minnesota, about 15% of the average Minnesota filer (state average ~1,126 per filing). Assets: $24M.

#11,387
in Manufacturing (17,777 peers)
+11.7%
assets growth YoY

Scott Equipment Company Employees 401(k) Profit Sharing Plan's outsized position by total assets

Scott Equipment Company Employees 401(k) Profit Sharing Plan vs every filed plan by assets

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

$24,155,829 Top 26% higher than 74% 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

Scott Equipment Company Employees 401(k) Profit Sharing 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. Scott Equipment Company Employees 401(k) Profit Sharing Plan sits mid-pack in the medium band (164 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Scott Equipment Company Employees 401(k) Profit Sharing Plan reported participants rose from 104 in the plan year 2023 filing to 164 in the plan year 2024 filing.
  • Scott Equipment Company Employees 401(k) Profit Sharing Plan reported net income fell from $4M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Scott Equipment Company Employees 401(k) Profit Sharing Plan end-of-year assets rose from $22M in the plan year 2023 filing to $24M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 410904660 · Scott Equipment Company PY 2024 · 401(k)

Scott Equipment Company Employees 401(k) Profit Sharing Plan · $24M · 164 · 74th

  • RANK $24M
  • PHOTO 164
  • IND 74th
  • EOY 401(k)
  • 5500 near Hoffman Transportation 401(k) Plan
  • ASSETS ind #11387

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 →

Scott Equipment Company Employees 401(k) Profit Sharing Plan in the asset neighbourhood

Scott Equipment Company Employees 401(k) Profit Sharing PlanScott Equipment Company Empl…$24MHoffman Transportation 401(k) PlanHoffman Transportation 401(k…$24MEnvironmental Health & Engineering, Inc. 401(k) PlanEnvironmental Health & Engin…$24MKitchen Kompact, Inc. Profit Sharing PlanKitchen Kompact, Inc. Profit…$24MMedallion Financial Corp. 401(k) Profit Sharing PlanMedallion Financial Corp. 40…$24M
End-of-year total assets ($M) among Scott Equipment Company Employees 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$24M
Net Income$3M
Employer EIN410904660
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Scott Equipment Company)

Sponsor-wide plan assets over time

All Scott Equipment Company plans reported in each filing year

Latest sponsor-wide plan assets
$30M 64.41052461168923% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $18.1M $29.7M ▲ +64.5%
Year Plans Participants Total Assets
2022 1 93 $18M
2023 1 104 $22M
2024 2 284 $30M

Nearby 401(k) Plans in Minnesota

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

Scott Equipment Company Employees 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Scott Equipment Company Employees 401(k) Profit Sharing Plan, Total assets ($B): 0.024155829 · Participants: 164Scott Equipment Company Employees 401(k) Profit Sharing 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
Scott Equipment Company Employees 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Scott Equipment Company Employees 401(k) Profit Sharing Plan side-by-side with 3 peers →

Scott Equipment Company Employees 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Hoffman Transportation 401(k) Plan in IL ($24M); by covered participants it is Meadows Bank 401(k) Retirement Plan in NV (164 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (164 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 Scott Equipment Company Employees 401(k) Profit Sharing Plan assets move in 2024? ▼
Scott Equipment Company Employees 401(k) Profit Sharing Plan grew at a solid clip - up 11.7% during 2024, from $22M to $24M. Reported net income was $3M.
How have Scott Equipment Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Scott Equipment Company's sponsor-wide assets grew 64.4%, from $18M to $30M.
Which 401(k) plans are similar in size to Scott Equipment Company Employees 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hoffman Transportation 401(k) Plan in IL ($24M, 258 participants).
Which 401(k) plans cover a similar participant headcount to Scott Equipment Company Employees 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Meadows Bank 401(k) Retirement Plan in NV (164 participants, $20M 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 410904660.

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.