401(k) · DOL Form 5500 · 2024
Malco Tools, Inc. 401(k) Plan
Data updated 2026-08-25
- $21M
- Total assets Small plan by assets
- 138
- Participants Small participant base
- 72nd
- Percentile by assets National rank
- $155,420
- Avg per participant Above avg balance/head
Official DOL plan name: Malco Tools, Inc. 401(k) Plan · Sponsored by Malco Tools, Inc. · Minnesota · Manufacturing
$21M in assets, 138 participants
Malco Tools, Inc.'s Malco Tools, Inc. 401(k) Plan reported $21M in total assets and 138 participants in its 2024 DOL Form 5500 filing, ranking in the 72nd 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.
- #10,923 in Manufacturing (17,777 peers)
Coverage in Minnesota
Malco Tools, Inc. 401(k) Plan covers 138 participants in Minnesota, about 12% of the average Minnesota filer (state average ~1,126 per filing). Assets: $21M.
- #10,923
- in Manufacturing (17,777 peers)
- -0.2%
- assets change YoY
The plan reported a net loss of $46K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Malco Tools, Inc. 401(k) Plan's outsized position by total assets
Malco Tools, Inc. 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$21,447,916 Top 28% higher than 72% 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
Malco Tools, Inc. 401(k) 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. Malco Tools, Inc. 401(k) Plan sits mid-pack in the medium band (138 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Malco Tools, Inc. 401(k) Plan reported net income fell from $232K in the plan year 2023 filing to -$46K in the plan year 2024 filing.
- Malco Tools, Inc. 401(k) Plan reported participants fell from 186 in the plan year 2023 filing to 138 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 410876482 · Malco Tools, Inc. PY 2024 · 401(k)
Malco Tools, Inc. 401(k) Plan · $21M · 138 · 72nd
- PART $21M
- PART 138
- PART 72nd
- PART 401(k)
- PART near Convergent Science Inc 401(k) Profit Sharing Plan & Trust
- PART ind #10923
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 →
Malco Tools, Inc. 401(k) Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $21M |
|---|---|
| Net Assets (End of Year) | $21M |
| Net Income | -$46K |
| Employer EIN | 410876482 |
| Plan Effective Date | 1979-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Malco Tools, Inc.)
Sponsor-wide plan assets over time
All Malco Tools, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $209M 218.22121676690182% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 424 | $66M |
| 2023 | 2 | 372 | $89M |
| 2024 | 2 | 277 | $209M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- 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
Malco Tools, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Convergent Science Inc 401(k) Profit Sharing Plan & Trust in WI ($21M); by covered participants it is Budney Overhaul & Repair, Ltd Employee Retirement Plan in CT (138 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($21M here).
- Convergent Science Inc 401(k) Profit Sharing Plan & Trust (WI) $21M · 112
- Samson Management 401(k) Savings Plan (NY) $21M · 81
- Ra Capital 401(k) Plan (MA) $21M · 134
- Empower Media Partners, LLC 401(k) Plan (OH) $21M · 78
Similar participant headcount
Nearest other-state filings by covered participants (138 participants); asset peers above are excluded.
- Budney Overhaul & Repair, Ltd Employee Retirement Plan (CT) 138 · 0 off
- Quality Dealerships 401(k) Profit Sharing Plan (NM) 138 · 0 off
- Exceptional Foresters Inc. 401(k) Plan (WA) 138 · 0 off
- Ae Logistics 401(k) & Psp (LA) 138 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.