401(k) · DOL Form 5500 · 2024

Elitech Group, Inc. 401(k) Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
180
Participants Small participant base
73rd
Percentile by assets National rank
$127,211
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Elitech Group Inc Profit Sharing Plan · Sponsored by Elitech Group, Inc. · Utah · Manufacturing

$23M in assets, 180 participants

Elitech Group, Inc.'s Elitech Group Inc Profit Sharing Plan reported $23M in total assets and 180 participants in its 2024 DOL Form 5500 filing, ranking in the 73rd 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.

  • #11,177 in Manufacturing (17,777 peers)

Coverage in Utah

Elitech Group Inc Profit Sharing Plan covers 180 participants in Utah, about 30% of the average Utah filer (state average ~592 per filing). Assets: $23M.

#11,177
in Manufacturing (17,777 peers)
+3.3%
assets growth YoY

Elitech Group Inc Profit Sharing Plan's outsized position by total assets

Elitech Group Inc Profit Sharing Plan vs every filed plan by assets

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

$22,897,927 Top 27% higher than 73% 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

Elitech Group Inc 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. Elitech Group Inc Profit Sharing Plan sits mid-pack in the medium band (180 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Elitech Group Inc Profit Sharing Plan reported net income fell from $4M in the plan year 2023 filing to $739K in the plan year 2024 filing.
  • Elitech Group Inc Profit Sharing Plan reported participants rose from 167 in the plan year 2023 filing to 180 in the plan year 2024 filing.
  • Elitech Group Inc Profit Sharing Plan end-of-year assets rose from $22M in the plan year 2023 filing to $23M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 870284733 · Elitech Group, Inc. PY 2024 · 401(k)

Elitech Group Inc Profit Sharing Plan · $23M · 180 · 73rd

  • PART $23M
  • PART 180
  • PART 73rd
  • PART 401(k)
  • PART near Ware Industries, Inc. 401(k) Retirement Plan
  • PART ind #11177

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 Utah →

Elitech Group Inc Profit Sharing Plan in the asset neighbourhood

Elitech Group Inc Profit Sharing PlanElitech Group Inc Profit Sha…$23MWare Industries, Inc. 401(k) Retirement PlanWare Industries, Inc. 401(k)…$23MPitlik & Wick, Inc. 401(k) Profit Sharing PlanPitlik & Wick, Inc. 401(k) P…$23MHotchkiss Insurance Managers, LLC 401(k) PlanHotchkiss Insurance Managers…$23MProvidence Medical Group 401(k) Profit Sharing PlanProvidence Medical Group 401…$23M
End-of-year total assets ($M) among Elitech Group Inc Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Utah filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$23M
Net Income$739K
Employer EIN870284733
Plan Effective Date1985-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Elitech Group, Inc.)

Sponsor-wide plan assets over time

All Elitech Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$23M 24.076297033034646% vs 2022
2024 filing year
$18M$20M$22M$24M 202220232024 $18.5M $22.9M ▲ +24.1%
Year Plans Participants Total Assets
2022 1 143 $18M
2023 1 167 $22M
2024 1 180 $23M

Nearby 401(k) Plans in Utah

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

Elitech Group Inc Profit Sharing Plan vs. nearby 401(k) plans in Utah, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -202468 Total assets ($B) Participants Elitech Group Inc Profit Sharing Plan, Total assets ($B): 0.022897927 · Participants: 180Elitech Group Inc Profit Sharing PlanIntermountain Health 401(k) Plan, Total assets ($B): 6.832891 · Participants: 68360Intermountain Health 401(k) PlanDeseret 401(k) Plan, Total assets ($B): 6.145738842 · Participants: 25301Deseret 401(k) PlanZions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan, Total assets ($B): 1.885575832 · Participants: 9972Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership PlanSkywest, Inc. Employees' Retirement Plan, Total assets ($B): 1.420052359 · Participants: 14259Skywest, Inc. Employees' Retirement PlanRio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan, Total assets ($B): 0.686992924 · Participants: 1926Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan
Elitech Group Inc Profit Sharing Plan vs. nearby 401(k) plans in Utah, assets vs. participants
Compare Elitech Group Inc Profit Sharing Plan side-by-side with 3 peers →

Elitech Group Inc Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Utah, the nearest 401(k) by assets is Ware Industries, Inc. 401(k) Retirement Plan in NJ ($23M); by covered participants it is Costello, Inc. 401(k) Plan in TX (180 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (180 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 Elitech Group Inc Profit Sharing Plan assets move in 2024? ▼
Elitech Group Inc Profit Sharing Plan edged up modestly - up 3.3% during 2024, from $22M to $23M. Reported net income was $739K.
How have Elitech Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Elitech Group, Inc.'s sponsor-wide assets grew 24.1%, from $18M to $23M.
Which 401(k) plans are similar in size to Elitech Group Inc Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ware Industries, Inc. 401(k) Retirement Plan in NJ ($23M, 293 participants).
Which 401(k) plans cover a similar participant headcount to Elitech Group Inc Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Costello, Inc. 401(k) Plan in TX (180 participants, N/A 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 870284733.

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.