401(k) · DOL Form 5500 · 2022

Allete, Inc. 401(k) Plan

Data updated 2026-08-25

$484M
Total assets Above avg plan size
1,385
Participants Near avg headcount
98th
Percentile by assets National rank
$349,527
Avg per participant High balance/head
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Official DOL plan name: Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan · Sponsored by Allete, Inc. · Minnesota · Utilities

$484M in assets, 1,385 participants

Allete, Inc.'s Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan reported $484M in total assets and 1,385 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • #616 in Utilities (738 peers)

Where Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan sits by assets

Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan sits in the top 5% of all filed plans by assets, $484M for 1,385 participants (~$349,527/participant), down 14.3% in 2022.

#616
in Utilities (738 peers)
-14.3%
assets change YoY
4.9×
vs typical plan assets (national mean)

The plan reported a net loss of $81M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan's outsized position by total assets

Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$484,094,253 Top 2% higher than 98% of 139,123 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 2022

Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan lands in the large band (1,385 participants).

Published 5500 schedule card

Filing strip 410418150 · Allete, Inc. PY 2022 · 401(k)

Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan · $484M · 1,385 · 98th

  • VS-ST $484M
  • VS-ST 1,385
  • VS-ST 98th
  • VS-ST 401(k)
  • VS-ST near Visteon Investment Plan
  • VS-ST ind #616

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 Utilities retirement plans → · Plans in Minnesota →

Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan in the asset neighbourhood

Valley National Bank Savings and Investment PlanValley National Bank Savings…$485MWilliams-Sonoma, Inc. 401(k) PlanWilliams-Sonoma, Inc. 401(k)…$485MAlbert Einstein College of Medicine 403(b) Retirement Income PlanAlbert Einstein College of M…$485MVisteon Investment Plan$485MAllete and Affiliated Companies Retirement Savings and Stock Ownership PlanAllete and Affiliated Compan…$484M
End-of-year total assets ($M) among Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$565M
Net Assets (End of Year)$484M
Net Income-$81M
Employer EIN410418150
Plan Effective Date1970-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Allete, Inc.)

Sponsor-wide plan assets over time

All Allete, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.2B 14.134002992784422% vs 2022
2024 filing year
$1.05B$1.1B$1.15B$1.2B$1.25B 202220232024 $1.07B $1.22B ▲ +14.0%
Year Plans Participants Total Assets
2022 3 1,910 $1.1B
2023 3 1,923 $1.1B
2024 3 2,021 $1.2B

Nearby 401(k) Plans in Minnesota

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

Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan, Total assets ($B): 0.484094253 · Participants: 1385Allete and Affiliated Companies Retirement Savings and Stock Ownership PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan side-by-side with 3 peers →

Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Visteon Investment Plan in MI ($485M); by covered participants it is Q Services 401(k) Profit Sharing Plan and Trust in KS (1,385 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($484M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,385 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan assets move in 2022? ▼
Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan pulled back noticeably - down 14.3% during 2022, from $565M to $484M. Reported net income was -$81M.
How have Allete, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Allete, Inc.'s sponsor-wide assets grew 14.1%, from $1.1B to $1.2B.
Where does Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Visteon Investment Plan in MI ($485M, 322 participants).
Which 401(k) plans cover a similar participant headcount to Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Q Services 401(k) Profit Sharing Plan and Trust in KS (1,385 participants, $59M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410418150.

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.