401(k) · DOL Form 5500 · 2024

National Checking Company 401(k) Plan

Data updated 2026-08-11

$25M
Total assets
208
Participants
74th
Percentile by assets
$119,400
Avg per participant
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Official DOL plan name: The National Checking Company Employee Retirement Plan · Sponsored by National Checking Company · Minnesota · Manufacturing

$25M in assets, 208 participants

National Checking Company's The National Checking Company Employee Retirement Plan reported $25M in total assets and 208 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.

  • 74th percentile by assets (of 123,622 plans)
  • #11,485 in Manufacturing (17,777 peers)

Coverage in Minnesota

The National Checking Company Employee Retirement Plan covers 208 participants in Minnesota, about 18% of the average Minnesota filer (state average ~1,126 per filing). Assets: $25M.

$25M
total plan assets (2024 EOY)
208
covered participants
74th
percentile by assets (of 123,622 plans)
$119,400
avg assets per participant

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where The National Checking Company Employee Retirement Plan sits by total assets

The National Checking Company Employee Retirement Plan vs every filed plan by assets

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

$24,835,266 Top 26% higher than 74% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The National Checking Company Employee Retirement Plan reported net income fell from $5M in the plan year 2023 filing to -$4M in the plan year 2024 filing.
  • The National Checking Company Employee Retirement Plan reported participants rose from 181 in the plan year 2023 filing to 208 in the plan year 2024 filing.
  • The National Checking Company Employee Retirement Plan end-of-year assets fell from $29M in the plan year 2023 filing to $25M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Minnesota
Industry
Manufacturing

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. The National Checking Company Employee Retirement Plan reports 208 participants - about 18% of that state average ($25M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$25M
Net Income-$4M
Employer EIN410433050
Plan Effective Date1964-06-15
Filing StatusFILING RECEIVED

Sponsor Plan History (National Checking Company)

$22M$24M$26M$28M$30M 202220232024 $23.8M $24.8M ▲ +4.5%
Total plan assets by year, all National Checking Company plans on file
Year Plans Participants Total Assets
2022 1 159 $24M
2023 1 181 $29M
2024 1 208 $25M

Nearby 401(k) Plans in Minnesota

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

The National Checking Company Employee Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants The National Checkin…, Total assets ($B): 0.024835266 · Participants: 208The National Checkin…Wells Fargo & Compan…, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Compan…Unitedhealth Group 4…, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 4…Target Corporation 4…, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 4…Medtronic Savings an…, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings an…U.S. Bank 401(k) Sav…, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Sav…
The National Checking Company Employee Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare The National Checking Company Employee R… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to The National Checking Company Employee Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did The National Checking Company Employee Retirement Plan assets move in 2024? ▼
The National Checking Company Employee Retirement Plan pulled back noticeably - down 13.1% during 2024, from $29M to $25M. Reported net income was -$4M.
How have National Checking Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), National Checking Company's sponsor-wide assets grew 4.5%, from $24M to $25M.
Which 401(k) plans are similar in size to The National Checking Company Employee Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Amico Holding Company 401(k) Plan in AL ($25M, 267 participants).

Next read for The National Checking Company Employee R…

Filing takeaways

Ways to act on The National Checking Company Employee Retirement Plan's numbers.

  • By total assets, The National Checking Company Employee Retirement Plan ranks above the median plan by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
  • National Checking Company's sponsor-wide assets have grown 4.5% since 2022 across 3 plan years on file. More Manufacturing plans

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 410433050.

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.