MN Form 5500 retirement and benefit plan filings

State Form 5500 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, MN has 5,272 loaded benefit plan(s) reported by 3,091 plan sponsor(s), with $505,691,301,276 in total reported end-of-year plan assets across loaded filings. The latest loaded Form 5500 filing year is 2023.

Loaded plans
5,272
Plan sponsors
3,091
Latest filing year
2023

What stands out in MN

  • 5,272 loaded plans hold $505.7B in reported assets across 3,091 sponsors.
  • The largest, Unitedhealth Group 401(K) Savings Plan Master Trust, holds 5% of reported MN plan assets.
  • Plans cover 7,868,218 participants — about 1,492 per plan.
  • 59% of loaded plans report full Schedule H/I financial statements.
  • 37% report Schedule C provider compensation.
Aggregate financials · 2023

Reported financial aggregate

Total reported net assets$499.9BSummed across loaded plans$499,888,311,268
Total reported assets$505.7B$505,691,301,276
Total reported participants7.9M7,868,218
Total reported liabilities$6B$6,025,129,174

Reported net position

Reported assets = net assets + liabilities (summed)$505.7B total assets
Net assets$499.9BLiabilities$6B
Contributions & income
Employer contributions$10.6B
Participant contributions$12.3B
Total income / additions$91.8B
Expenses & distributions
Benefits paid / distributions$32.6B
Total expenses$33.6B
Net increase / (decrease)$58.2B

Data coverage

Plans with financial statements3,092 / 5,272 (59%)
Plans with provider compensation1,953 / 5,272 (37%)

Totals sum the latest loaded 2023 public Form 5500 filing per plan for MN plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Cities by loaded plan count

Computed from loaded plans

MN market comparison

Largest plan share of assets5%Unitedhealth Group 401(K) Savings Plan Master Trust
Participants per plan1,492Average across loaded plans
Plan sponsors3,091
Ranked by reported assets

Largest loaded MN plans

Bars show each plan's reported end-of-year assets relative to the largest.

  1. 1
    United Healthcare Services Inc. · Minnetonka · 2023
  2. 2
    Unitedhealth Group Incorporated · Minnetonka · 2023
  3. 3
    Minnesota Life Insurance Company · St Paul · 2023
  4. 4
    3m Company · St. Paul · 2023
  5. 5
    Target Corporation · Brooklyn Park · 2023
  6. 6
    Medtronic, Inc. · Minneapolis · 2023
  7. 7
    Medtronic, Inc. · Minneapolis · 2023
  8. 8
    Target Corporation · Brooklyn Park · 2023
  9. 9
  10. 10
    3m Company · St. Paul · 2023
  11. 11
    Mayo Clinic · Rochester · 2023
  12. 12
    Mayo Clinic · Rochester · 2023
  13. 13
    U.S. Bancorp · Minneapolis · 2023
  14. 14
    Travelers Companies, Inc. · St. Paul · 2023
  15. 15
    Cargill, Incorporated · Wayzata · 2023

What to inspect next

Frequently asked questions

How many Form 5500 benefit plans are loaded for MN?
5,272 plan(s) reported by 3,091 sponsor(s) are loaded for MN.

Related Form 5500 pages