401(k) · DOL Form 5500 · 2024

Nortech Systems Inc. 401(k) Plan

Data updated 2026-08-25

$28M
Total assets Below avg plan size
397
Participants Below avg headcount
76th
Percentile by assets National rank
$70,195
Avg per participant Below avg balance/head
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Official DOL plan name: Nortech Systems 401(k) Profit Sharing Plan · Sponsored by Nortech Systems Inc. · Minnesota · Manufacturing

$28M in assets, 397 participants

Nortech Systems Inc.'s Nortech Systems 401(k) Profit Sharing Plan reported $28M in total assets and 397 participants in its 2024 DOL Form 5500 filing, ranking in the 76th 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.

  • #11,943 in Manufacturing (17,777 peers)

Coverage in Minnesota

Nortech Systems 401(k) Profit Sharing Plan covers 397 participants in Minnesota, about 35% of the average Minnesota filer (state average ~1,126 per filing). Assets: $28M.

#11,943
in Manufacturing (17,777 peers)
+9.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Nortech Systems 401(k) Profit Sharing Plan's outsized position by total assets

Nortech Systems 401(k) Profit Sharing Plan vs every filed plan by assets

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

$27,867,268 Top 24% higher than 76% 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

Nortech Systems 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. Nortech Systems 401(k) Profit Sharing Plan sits mid-pack in the medium band (397 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Nortech Systems 401(k) Profit Sharing Plan reported net income fell from $4M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Nortech Systems 401(k) Profit Sharing Plan end-of-year assets rose from $26M in the plan year 2023 filing to $28M in the plan year 2024 filing.
  • Nortech Systems 401(k) Profit Sharing Plan reported participants fell from 419 in the plan year 2023 filing to 397 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 411681094 · Nortech Systems Inc. PY 2024 · 401(k)

Nortech Systems 401(k) Profit Sharing Plan · $28M · 397 · 76th

  • ASSETS $28M
  • ASSETS 397
  • ASSETS 76th
  • ASSETS 401(k)
  • ASSETS near Texas Gulf Bancshares, Inc. Employee Savings Plan
  • ASSETS ind #11943

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 →

Nortech Systems 401(k) Profit Sharing Plan in the asset neighbourhood

Nortech Systems 401(k) Profit Sharing PlanNortech Systems 401(k) Profi…$28MTexas Gulf Bancshares, Inc. Employee Savings PlanTexas Gulf Bancshares, Inc. …$28MNorthern Bank and Trust Company 401(k) PlanNorthern Bank and Trust Comp…$28MB & D Retirement and Savings PlanB & D Retirement and Savings…$28MAtx Networks 401(k) Plan$28M
End-of-year total assets ($M) among Nortech Systems 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)$26M
Net Assets (End of Year)$28M
Net Income$2M
Employer EIN411681094
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nortech Systems Inc.)

Sponsor-wide plan assets over time

All Nortech Systems Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$28M 28.833992614735326% vs 2022
2024 filing year
$20M$22M$24M$26M$28M$30M 202220232024 $21.6M $27.9M ▲ +28.8%
Year Plans Participants Total Assets
2022 1 395 $22M
2023 1 419 $26M
2024 1 397 $28M

Nearby 401(k) Plans in Minnesota

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

Nortech Systems 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 ($B) Participants Nortech Systems 401(k) Profit Sharing Plan, Total assets ($B): 0.027867268 · Participants: 397Nortech Systems 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
Nortech Systems 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Nortech Systems 401(k) Profit Sharing Plan side-by-side with 3 peers →

Nortech Systems 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 Texas Gulf Bancshares, Inc. Employee Savings Plan in TX ($28M); by covered participants it is Lubbock Heart Hospital, LP 401(k) Plan in TX (397 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($28M here).

Similar participant headcount

Nearest other-state filings by covered participants (397 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 Nortech Systems 401(k) Profit Sharing Plan assets move in 2024? ▼
Nortech Systems 401(k) Profit Sharing Plan grew at a solid clip - up 9.1% during 2024, from $26M to $28M. Reported net income was $2M.
How have Nortech Systems Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nortech Systems Inc.'s sponsor-wide assets grew 28.8%, from $22M to $28M.
Where does Nortech Systems 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Nortech Systems 401(k) Profit Sharing Plan ranks in the 76th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Nortech Systems 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Texas Gulf Bancshares, Inc. Employee Savings Plan in TX ($28M, 113 participants).
Which 401(k) plans cover a similar participant headcount to Nortech Systems 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Lubbock Heart Hospital, LP 401(k) Plan in TX (397 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 411681094.

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.