Other · DOL Form 5500 · 2022
Mayo Clinic Retirement Plan
Data updated 2026-08-25
- $9.5B
- Total assets Very large vs avg
- 80,932
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $116,806
- Avg per participant Below avg balance/head
Official DOL plan name: Mayo 403(b) Plan · Sponsored by Mayo Clinic · Minnesota · Healthcare & Social Assistance
$9.5B in assets, 80,932 participants
Mayo Clinic's Mayo 403(b) Plan reported $9.5B in total assets and 80,932 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.
- #20,054 in Healthcare & Social Assistance (20,060 peers)
Coverage in Minnesota
Mayo 403(b) Plan covers 80,932 participants in Minnesota, 72x the typical Minnesota plan (state average ~1,126 per filing). Assets: $9.5B.
- #20,054
- in Healthcare & Social Assistance (20,060 peers)
- -11.8%
- assets change YoY
- 95×
- vs typical plan assets (national mean)
The plan reported a net loss of $1.3B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Mayo 403(b) Plan's outsized position by total assets
Mayo 403(b) Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$9,453,323,372 Highest reported value at or above every one 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
Mayo 403(b) Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mayo 403(b) Plan is a mega filing (80,932 participants), the rightmost band on the breakdown.
DOL schedule card
Filing strip 416011702 · Mayo Clinic PY 2022 · Other
Mayo 403(b) Plan · $9.5B · 80,932 · 100th
- ASSETS $9.5B
- PCT 80,932
- EIN 100th
- RANK Other
- PHOTO near Stanford Contributory Retirement Plan
- IND ind #20054
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 Healthcare & Social Assistance retirement plans → · Plans in Minnesota →
Mayo 403(b) Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $10.7B |
|---|---|
| Net Assets (End of Year) | $9.5B |
| Net Income | -$1.3B |
| Employer EIN | 416011702 |
| Plan Effective Date | 1971-10-01 |
| 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
- $24.6B 24.614502961338893% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 147,366 | $19.8B |
| 2023 | 2 | 153,253 | $22.2B |
| 2024 | 2 | 157,676 | $24.6B |
Nearby Other Plans in Minnesota
Peer Other plans, same state, same plan type, ranked by total assets.
- Centracare Health System 403(b) Plan $739M · 10,840
- Childrens Hospitals and Clinics Matched Savings Plan $692M · 5,009
- Carpenters & Joiners Defined Contribution Plan $583M · 20,332
- University of St. Thomas Retirement Plan $358M · 2,317
- Carleton College Defined Contribution Plan $321M · 795
Scale composition for Mayo 403(b) Plan
Mayo 403(b) Plan reports $9.5B in end-of-year assets across 80,932 participants (0.077% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.086% of 93,925,755 covered participants) - about $116,806 per participant (84% of the national average assets-per-participant) . Net income for plan year 2022 was -$1.3B.
This plan identity (EIN 416011702, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $9.5B to $12.8B (+35.4%) while covered participants moved from 80,932 to 85,933 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 80,932 | $9.5B | This page |
| 2023 | 84,098 | $11.2B | Open filing |
| 2024 · index core | 85,933 | $12.8B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Mayo 403(b) Plan (Other, $12.8B, 85,933 participants)
- Mayo Pension Plan (Defined Benefit (Pension), $11.8B, 71,743 participants)
Mayo 403(b) Plan's out-of-state Other peers by assets and headcount
Outside Minnesota, the nearest Other by assets is Stanford Contributory Retirement Plan in CA ($9.4B); by covered participants it is Upmc 403(b) Retirement Savings Plan in PA (75,307 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($9.5B here).
- Stanford Contributory Retirement Plan (CA) $9.4B · 22,514
- Northwell Health 403(b) Plan (NY) $8.3B · 47,348
- The Duke University Faculty and Staff Retirement Plan (NC) $7.6B · 43,924
- The Mount Sinai Medical Center 403(b) Retirement Plan (NY) $7.3B · 30,163
Similar participant headcount
Nearest other-state filings by covered participants (80,932 participants); asset peers above are excluded.
- Upmc 403(b) Retirement Savings Plan (PA) 75,307 · 5,625 off
- Fca US LLC UAW Savings Plan (MI) 52,211 · 28,721 off
- Sutter Health 403(b) Savings Plan (CA) 48,591 · 32,341 off
- The Retirement Savings Plan (NY) 39,938 · 40,994 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.