Minnkota Power Cooperative, Inc. Employees 401(K) Plan — Form 5500 plan (Minnkota Power Cooperative, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Minnkota Power Cooperative, Inc. Employees 401(K) Plan is a benefit plan reported by Minnkota Power Cooperative, Inc. under EIN 45-0166406 and plan number 003. The latest loaded filing year is 2023. The filing reports 451 participants and $61,522,625 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Minnkota Power Cooperative, Inc.
EIN
45-0166406
Plan number
003
Plan type
2
Location
Grand Forks, ND
Latest filing year
2023
Participants
451
End-of-year plan assets
$61,522,625

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023451H, C20241008111951NAL0017457041002

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$61,522,625
Net assets (EOY)
$61,522,625
Net assets (BOY)
$49,065,012

Income & contributions

Employer contributions
$840,249
Participant contributions
$3,993,270
Total contributions
$5,043,728
Total income / additions
$14,894,247

Expenses & distributions

Benefits paid
$2,354,660
Administrative expenses
$81,974
Total expenses
$2,436,634
Net increase / (decrease)
$12,457,613

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Schwab Retirement Plan Services,IncNONE$81,974not reported in the loaded dataset2023

Related Form 5500 pages