401(k) · DOL Form 5500 · 2022
Convergeone Holdings, Inc. 401(k) Plan
Data updated 2026-08-11
- $301M
- Total assets
- 2,981
- Participants
- 97th
- Percentile by assets
- $101,119
- Avg per participant
Official DOL plan name: Convergeone 401(k) Plan · Sponsored by Convergeone Holdings, Inc. · Minnesota · Wholesale Trade
$301M in assets, 2,981 participants
Convergeone Holdings, Inc.'s Convergeone 401(k) Plan reported $301M in total assets and 2,981 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 139,126 plans)
- #6,700 in Wholesale Trade (6,843 peers)
Coverage in Minnesota
Convergeone 401(k) Plan covers 2,981 participants in Minnesota, 2.6x the typical Minnesota plan (state average ~1,126 per filing). Assets: $301M.
- $301M
- total plan assets (2022 EOY)
- 2,981
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $101,119
- avg assets per participant
The plan reported a net loss of $40M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Convergeone 401(k) Plan reports 2,981 participants - 2.6x that state average ($301M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $341M |
|---|---|
| Net Assets (End of Year) | $301M |
| Net Income | -$40M |
| Employer EIN | 814619427 |
| Plan Effective Date | 1996-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Convergeone Holdings, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,981 | $301M |
| 2023 | 1 | 2,665 | $334M |
| 2024 | 1 | 2,155 | $348M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Convergeone 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- 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
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Convergeone 401(k) Plan by total assets, not by location.
- American Tower Retirement Savings Plan (MA) $301M · 1,839
- Billerud Americas Corporation Retirement Savings Plan for Non Union Employees (OH) $301M · 815
- Msci Inc. 401(k) Retirement Savings Plan (NY) $302M · 928
- Advocare, LLC 401(k) Profit Sharing Plan (NJ) $301M · 2,294
Frequently Asked Questions
How did Convergeone 401(k) Plan assets move in 2022? ▼
How have Convergeone Holdings, Inc. plan assets changed over time? ▼
Where does Convergeone 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Convergeone 401(k) Plan? ▼
Next read for Convergeone 401(k) Plan
Filing takeaways
Ways to act on Convergeone 401(k) Plan's numbers.
- By total assets, Convergeone 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Convergeone Holdings, Inc.'s sponsor-wide assets have grown 15.5% since 2022 across 3 plan years on file. More Wholesale Trade plans