401(k) · DOL Form 5500 · 2022
Mayo Clinic 401(k) Plan
Data updated 2026-08-25
- $11M
- Total assets Small plan by assets
- 37
- Participants Small participant base
- 68th
- Percentile by assets National rank
- $309,759
- Avg per participant High balance/head
Official DOL plan name: Franklin Heating Station Hourly Employees 401(k) Plan · Sponsored by Mayo Clinic · Minnesota · Utilities
$11M in assets, 37 participants
Mayo Clinic's Franklin Heating Station Hourly Employees 401(k) Plan reported $11M in total assets and 37 participants in its 2022 DOL Form 5500 filing, ranking in the 68th 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.
- #225 in Utilities (738 peers)
Utilities sector rank
Within Utilities, Franklin Heating Station Hourly Employees 401(k) Plan ranks #225 of 738 2022 filers by assets (4685% of the sector average)-$11M for 37 participants.
- #225
- in Utilities (738 peers)
- -15.5%
- assets change YoY
The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Franklin Heating Station Hourly Employees 401(k) Plan's outsized position by total assets
Franklin Heating Station Hourly Employees 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$11,461,066 Top 32% higher than 68% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Franklin Heating Station Hourly Employees 401(k) Plan among smaller filed plans by headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Franklin Heating Station Hourly Employees 401(k) Plan is a small filing (37 participants) on this national headcount ladder.
Published 5500 schedule card
Filing strip 410264830 · Mayo Clinic PY 2022 · 401(k)
Franklin Heating Station Hourly Employees 401(k) Plan · $11M · 37 · 68th
- IND $11M
- EOY 37
- 5500 68th
- ASSETS 401(k)
- PCT near Room to Read 401(k) Profit Sharing Plan and Trust
- EIN ind #225
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 →
Franklin Heating Station Hourly Employees 401(k) Plan in the asset neighbourhood
Utilities filing particulars
| Total Assets (Beginning of Year) | $14M |
|---|---|
| Net Assets (End of Year) | $11M |
| Net Income | -$2M |
| Employer EIN | 410264830 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Mayo Clinic)
Sponsor-wide plan assets over time
All Mayo Clinic plans reported in each filing year
- Latest sponsor-wide plan assets
- N/A
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 37 | $11M |
| 2023 | 1 | 38 | $12M |
| 2024 | 1 | 39 | N/A |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Franklin Heating Station Hourly Employees 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Room to Read 401(k) Profit Sharing Plan and Trust in CA ($11M); by covered participants it is Parham LLC Safe Harbor 401(k) Plan in TN (37 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($11M here).
- Room to Read 401(k) Profit Sharing Plan and Trust (CA) $11M · 72
- Solutions 401(k) Plan (TX) $11M · 1,230
- American Contractors 401(k) Plan (MO) $11M · 210
- Scynexis 401(k) Retirement Savings Plan (NJ) $11M · 50
Similar participant headcount
Nearest other-state filings by covered participants (37 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.