401(k) · DOL Form 5500 · 2024

National Industrial Concepts Inc 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
592
Participants Below avg headcount
78th
Percentile by assets National rank
$53,958
Avg per participant Low balance/head
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Official DOL plan name: Nic Global 401(k) Plan · Sponsored by National Industrial Concepts Inc · Minnesota · Manufacturing

$32M in assets, 592 participants

National Industrial Concepts Inc's Nic Global 401(k) Plan reported $32M in total assets and 592 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.

  • #12,444 in Manufacturing (17,777 peers)

Where Nic Global 401(k) Plan sits by assets

Nic Global 401(k) Plan sits in the top quartile of all filed plans by assets, $32M for 592 participants (~$53,958/participant), up 9.8% in 2024.

#12,444
in Manufacturing (17,777 peers)
+9.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Nic Global 401(k) Plan's outsized position by total assets

Nic Global 401(k) Plan vs every filed plan by assets

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

$31,943,068 Top 22% higher than 78% 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

Nic Global 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. Nic Global 401(k) Plan sits mid-pack in the medium band (592 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Nic Global 401(k) Plan reported participants rose from 483 in the plan year 2023 filing to 592 in the plan year 2024 filing.
  • Nic Global 401(k) Plan end-of-year assets rose from $29M in the plan year 2023 filing to $32M in the plan year 2024 filing.
  • Nic Global 401(k) Plan reported net income fell from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 911871729 · National Industrial Concepts Inc PY 2024 · 401(k)

Nic Global 401(k) Plan · $32M · 592 · 78th

  • NET $32M
  • NET 592
  • NET 78th
  • NET 401(k)
  • NET near Vispero 401(k) Plan
  • NET ind #12444

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 →

Nic Global 401(k) Plan in the asset neighbourhood

Nic Global 401(k) Plan$32MVispero 401(k) Plan$32MDsi Holding USA Inc. Profit Sharing and Retirement PlanDsi Holding USA Inc. Profit …$32MAlex Paris Contracting Company Inc. Safe Harbor 401(k) Profit Sharing PlanAlex Paris Contracting Compa…$32MAlex Paris Contracting Company Inc. Safe Harbor 401(k) Profit Sharing PlanAlex Paris Contracting Compa…$32M
End-of-year total assets ($M) among Nic Global 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$32M
Net Income$3M
Employer EIN911871729
Plan Effective Date1978-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (National Industrial Concepts Inc)

Sponsor-wide plan assets over time

All National Industrial Concepts Inc plans reported in each filing year

Latest sponsor-wide plan assets
$32M 22.407939887149492% vs 2022
2024 filing year
$24M$26M$28M$30M$32M$34M 202220232024 $26.1M $31.9M ▲ +22.4%
Year Plans Participants Total Assets
2022 1 494 $26M
2023 1 483 $29M
2024 1 592 $32M

Nearby 401(k) Plans in Minnesota

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

Nic Global 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Nic Global 401(k) Plan, Total assets ($B): 0.031943068 · Participants: 592Nic Global 401(k) 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
Nic Global 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Nic Global 401(k) Plan side-by-side with 3 peers →

Nic Global 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Vispero 401(k) Plan in FL ($32M); by covered participants it is Sigma Link Rehab 401(k) Plan in NY (592 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (592 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 Nic Global 401(k) Plan assets move in 2024? ▼
Nic Global 401(k) Plan grew at a solid clip - up 9.8% during 2024, from $29M to $32M. Reported net income was $3M.
How have National Industrial Concepts Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), National Industrial Concepts Inc's sponsor-wide assets grew 22.4%, from $26M to $32M.
Where does Nic Global 401(k) Plan rank by assets among Form 5500 filers? ▼
Nic Global 401(k) Plan ranks in the 78th 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 Nic Global 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Vispero 401(k) Plan in FL ($32M, 219 participants).
Which 401(k) plans cover a similar participant headcount to Nic Global 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Sigma Link Rehab 401(k) Plan in NY (592 participants, $1M 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 911871729.

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.