Minnesota 401(k) plans with 5,000 or more participants
64 large 401(k) plans sponsored from Minnesota reported 5,000 or more participants on their latest Form 5500 and have a page here. All of them are listed here, ranked by active participants.
Active participants means people still building up a balance, which is the count Form 5500 reports separately from total participants. Every row links to its own page, where the figures below come with the filing they were read from. The site reads every large filing in the DOL data and publishes a page for a part of it.
The plans
| # | Plan | City | Active | Assets | Cost / participant |
|---|---|---|---|---|---|
| 1 | Target Corporation 401(k) PlanTarget Corporation | Brooklyn Park | 427,999 | $14.4B | not itemized |
| 2 | UnitedHealth Group 401(k) Savings PlanUnitedHealth Group Incorporated | Minnetonka | 199,134 | $26.6B | $21.66 |
| 3 | Wells Fargo & Company 401(k) PlanWells Fargo & Company | Minneapolis | 167,176 | $57.9B | $34.04 |
| 4 | Best Buy Retirement Savings PlanBest Buy Enterprise Services, Inc. | Richfield | 83,696 | $3.1B | $44.06 |
| 5 | U.S. Bank 401(k) Savings PlanU.S. Bancorp | Minneapolis | 67,658 | $11.4B | $103.70 |
| 6 | Life Time And Its Affiliates 401(k) PlanLife Time, Inc. | Chanhassen | 41,362 | $332.1M | $28.26 |
| 7 | Sevita 401(k) PlanNational Mentor Holdings, LLC | Edina | 38,828 | $347.2M | $39.83 |
| 8 | Medtronic Savings And Investment PlanMedtronic, Inc. | Minneapolis | 38,035 | $13.7B | not itemized |
| 9 | OptumCare 401(k) Retirement PlanProhealth Physicians, P.C. | Minnetonka | 34,555 | $4.6B | $19.70 |
| 10 | The Travelers 401(k) Savings PlanTravelers Companies, Inc. | St. Paul | 30,785 | $10.4B | $89.33 |
| 11 | Allina 401(k) Retirement Savings PlanAllina Health System | Minneapolis | 28,274 | $3.5B | $71.34 |
| 12 | The Cargill Partnership PlanCargill, Incorporated | Wayzata | 26,979 | $8.9B | $75.65 |
| 13 | Fairview Health Services 403(b) PlanFairview Health Services | Minneapolis | 24,777 | $3.3B | $54.20 |
| 14 | 3M Voluntary Investment Plan And Employee Stock Ownership Plan3M Company | St. Paul | 21,780 | $10.6B | $80.24 |
| 15 | Ecolab Savings Plan And ESOPEcolab Inc. | St. Paul | 19,704 | $4.2B | $43.76 |
| 16 | Fastenal Company & Subsidiaries 401(k) And Employee Stock Ownership PlanFastenal Company & Subsidiaries | Winona | 17,820 | $1.1B | $26.59 |
| 17 | General Mills 401(k) PlanGeneral Mills, Inc. | Minneapolis | 16,628 | $5.0B | $195.78 |
| 18 | Essentia Health Retirement PlanEssentia Health | Duluth | 16,170 | $2.2B | $65.31 |
| 19 | Surgical Care Affiliates, LLC Retirement Investment PlanSurgical Care Affiliates, LLC | Minnetonka | 13,426 | $712.8M | $17.65 |
| 20 | Andersen 401(k) PlanAndersen Corporation | Bayport | 13,271 | $1.5B | $60.51 |
| 21 | Centracare Health System Retirement PlanCentracare Health System | Saint Cloud | 11,676 | $1.2B | $71.50 |
| 22 | Solventum Voluntary Investment PlanSolventum Corporation | Maplewood | 11,390 | $2.6B | $11.91 |
| 23 | Cargill Investment PlanCargill, Incorporated | Wayzata | 11,265 | $574.3M | $43.92 |
| 24 | Rbc- U.S.A. Retirement And Savings PlanRbc USA Holdco Corporation | Minneapolis | 10,111 | $4.3B | $20.47 |
| 25 | Schwan's Company Retirement Savings PlanSchwans Shared Services, LLC | Bloomington | 9,135 | $632.3M | $100.15 |
| 26 | Xcel Energy 401(k) Savings PlanXcel Energy Inc. | Minneapolis | 9,075 | $3.1B | $131.35 |
| 27 | Ameriprise Financial 401(k) PlanAmeriprise Financial, Inc. | Minneapolis | 8,958 | $3.6B | $123.80 |
| 28 | CHS Inc. 401(k) PlanCHS, Inc. | Inver Grove Heights | 8,864 | $1.8B | $80.44 |
| 29 | Taylor Corporation 401(k) PlanTaylor Corporation | North Mankato | 8,381 | $910.3M | $46.15 |
| 30 | Park Nicollet Health Services 401(k) Retirement Savings PlanPark Nicollet Health Services | St. Louis Park | 8,313 | $2.2B | $52.62 |
| 31 | Robinson Companies Retirement PlanC.H. Robinson Company, Inc. | Eden Prairie | 8,285 | $1.8B | $42.14 |
| 32 | Thomson Reuters 401(k) Savings PlanThomson Reuters Holdings Inc. | Eagan | 8,130 | $4.5B | $117.06 |
| 33 | Group Health Plan, Inc. 401(k) PlanGroup Health Plan, Inc. | Minneapolis | 8,008 | $2.6B | $47.68 |
| 34 | Polaris 401(k) Retirement Savings PlanPolaris Industries Inc. | Medina | 8,003 | $1.1B | $68.36 |
| 35 | Cliftonlarsonallen LLP 401(k) Retirement PlanCliftonlarsonallen LLP | Minneapolis | 7,938 | $1.5B | $51.48 |
| 36 | The Marvin Companies Profit Sharing And 401(k) PlanMarvin Lumber And Cedar Company | Warroad | 7,932 | $692.9M | $110.92 |
| 37 | Cardinal Cash-In II PlanCardinal Glass Industries | Eden Prairie | 7,811 | $676.5M | $57.14 |
| 38 | Caribou Coffee Company, Inc. And Subsidiaries 401(k) PlanCaribou Coffee Company, Inc. | Brooklyn Center | 7,328 | $46.3M | $13.61 |
| 39 | UFCW Local Union 1189 And St. Paul Food Employers Defined Contribution PlanTrustees Of UFCW Local Union 1189 And St. Paul Food Employers Def Cont | Bloomington | 7,276 | $226.4M | $82.02 |
| 40 | Prime Therapeutics LLC 401(k) PlanPrime Therapeutics | Eagan | 7,237 | $911.3M | $82.50 |
| 41 | Marsden Retirement Savings PlanMarsden Services, L.L.C. | St. Paul | 7,167 | $21.9M | $15.97 |
| 42 | Coborn's Incorporated Employees Profit Sharing 401(k) PlanCoborn's Incorporated | Saint Cloud | 7,095 | $162.1M | $60.17 |
| 43 | The Toro Company Retirement PlanThe Toro Company | Minneapolis | 6,972 | $1.4B | $30.66 |
| 44 | North Memorial HealthNorth Memorial Health Care | Robbinsdale | 6,744 | $778.3M | $86.24 |
| 45 | Retirement Savings Plan For Daikin Group Affiliated CompaniesDaikin Applied Americas Inc. | Minneapolis | 6,659 | $589.8M | $86.15 |
| 46 | Thrivent 401(k) PlanThrivent Financial For Lutherans | Minneapolis | 6,452 | $1.7B | $24.28 |
| 47 | Kelsey-Seybold 401(k) PlanKs Management Services, L.L.C. | Minnetonka | 6,334 | $743.5M | $39.50 |
| 48 | Agiliti 401(k)Agiliti Health, Inc. | Eden Prairie | 6,179 | $302.3M | $62.26 |
| 49 | Patterson Companies, Inc. 401(k) PlanPatterson Companies, Inc. | Saint Paul | 5,994 | $999.1M | $31.19 |
| 50 | Electrical Workers Local No. 292 Defined Contribution And 401(k) PlanTrustees Electrical Workers Local No.292 Defined Contribution And 401(k) | Brooklyn Park | 5,698 | $1.2B | $268.66 |
| 51 | Atrius 401(k) Retirement Savings PlanAtrius Mso, LLC | Minnetonka | 5,536 | $1.6B | $24.82 |
| 52 | Homeservices Retirement Savings PlanHomeservices Of America, Inc. | Eden Prairie | 5,458 | $790.9M | $26.89 |
| 53 | Procare Hr Retirement Savings PlanProcare Hr Corporation I | Minneapolis | 5,404 | $49.1M | $83.25 |
| 54 | Winnebago Industries, Inc. Profit Sharing And Deferred Savings And Investment PlanWinnebago Industries, Inc. | Eden Prairie | 5,314 | $360.9M | $63.66 |
| 55 | Medtronic Puerto Rico Employees' Savings And Investment PlanMedtronic Puerto Rico Operations Company | Minneapolis | 5,274 | $386.1M | not itemized |
| 56 | Api Group, Inc. 401(k) & Profit Sharing PlanApi Group, Inc. | New Brighton | 5,096 | $675.7M | $80.02 |
| 57 | Jennie-O Turkey Store Retirement Savings PlanJennie-O Turkey Store, Inc. | Willmar | 4,996 | $274.5M | $40.57 |
| 58 | Hormel Foods Corporation Tax Deferred Investment Plan A *Hormel Foods Corporation | Austin | 4,987 | $1.2B | $59.26 |
| 59 | Allianz Asset Accumulation PlanAzoa Services Corporation | Minneapolis | 4,904 | $2.1B | $195.14 |
| 60 | Ebenezer Society 401(k) Profit-Sharing PlanEbenezer Society | Edina | 4,870 | $64.4M | $27.02 |
| 61 | Fairview Health Services 403(b) Plan For Mna EmployeesFairview Health Services | Minneapolis | 4,784 | $454.8M | $46.84 |
| 62 | University Of Minnesota Physicians Retirement Savings And 401(k) PlanUniversity Of Minnesota Physicians | Minneapolis | 4,740 | $1.1B | $85.52 |
| 63 | Deluxe Corporation 401(k) PlanDeluxe Corporation | Minneapolis | 4,706 | $1.5B | $224.87 |
| 64 | Pentair Inc. Retirement Savings And StockPentair Inc. | Golden Valley | 4,636 | $909.7M | $65.79 |
Other plan sizes in Minnesota
Fees per participant fall as plans get bigger, so the useful comparison is inside a size band rather than across them.
100 to 499 participants (6)500 to 999 participants (2)1,000 to 4,999 participants (4)
Back to Minnesota
Minnesota 401(k) plans has the median plan-paid fee against the national one, the largest plans, and the other size bands. The whole directory starts at states.
