401(k) · DOL Form 5500 · 2022

Stearns Financial Services, Inc. 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
461
Participants Below avg headcount
79th
Percentile by assets National rank
$48,081
Avg per participant Low balance/head
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Official DOL plan name: Stearns Financial Services, Inc. 401(k) Plan and Trust · Sponsored by Stearns Financial Services, Inc. · Minnesota · Finance & Insurance

$22M in assets, 461 participants

Stearns Financial Services, Inc.'s Stearns Financial Services, Inc. 401(k) Plan and Trust reported $22M in total assets and 461 participants in its 2022 DOL Form 5500 filing, ranking in the 79th 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.

  • #6,107 in Finance & Insurance (9,261 peers)

Coverage in Minnesota

Stearns Financial Services, Inc. 401(k) Plan and Trust covers 461 participants in Minnesota, about 41% of the average Minnesota filer (state average ~1,126 per filing). Assets: $22M.

#6,107
in Finance & Insurance (9,261 peers)
-13.8%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Stearns Financial Services, Inc. 401(k) Plan and Trust's outsized position by total assets

Stearns Financial Services, Inc. 401(k) Plan and Trust vs every filed plan by assets

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

$22,165,259 Top 21% higher than 79% 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

Stearns Financial Services, Inc. 401(k) Plan and Trust among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Stearns Financial Services, Inc. 401(k) Plan and Trust sits mid-pack in the medium band (461 participants).

EBSA filing schedule strip

Filing strip 411655119 · Stearns Financial Services, Inc. PY 2022 · 401(k)

Stearns Financial Services, Inc. 401(k) Plan and Trust · $22M · 461 · 79th

  • EOY $22M
  • 5500 461
  • ASSETS 79th
  • PCT 401(k)
  • EIN near Chalmers & Kubeck, Inc. 401(k) Plan
  • RANK ind #6107

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 Finance & Insurance retirement plans → · Plans in Minnesota →

Stearns Financial Services, Inc. 401(k) Plan and Trust in the asset neighbourhood

Stearns Financial Services, Inc. 401(k) Plan and TrustStearns Financial Services, …$22MYes Management, LLC 401(k) PlanYes Management, LLC 401(k) P…$22MChalmers & Kubeck, Inc. 401(k) PlanChalmers & Kubeck, Inc. 401(…$22MSmrt, Inc. 401(k) Profit Sharing PlanSmrt, Inc. 401(k) Profit Sha…$22MSalo Incorporated 401(k) Plan$22M
End-of-year total assets ($M) among Stearns Financial Services, Inc. 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$22M
Net Income-$4M
Employer EIN411655119
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Stearns Financial Services, Inc.)

Sponsor-wide plan assets over time

All Stearns Financial Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$181M 9.238791178114727% vs 2022
2024 filing year
$150M$160M$170M$180M$190M 202220232024 $165M $181M ▲ +9.2%
Year Plans Participants Total Assets
2022 2 972 $165M
2023 2 963 $161M
2024 2 1,001 $181M

Nearby 401(k) Plans in Minnesota

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

Stearns Financial Services, Inc. 401(k) Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Stearns Financial Services, Inc. 401(k) Plan and Trust, Total assets ($B): 0.022165259 · Participants: 461Stearns Financial Services, Inc. 401(k) Plan and TrustUnitedhealth 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
Stearns Financial Services, Inc. 401(k) Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Stearns Financial Services, Inc. 401(k) Plan and Trust side-by-side with 3 peers →

Stearns Financial Services, Inc. 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Chalmers & Kubeck, Inc. 401(k) Plan in PA ($22M); by covered participants it is Phoenix 401(k) Plan in TX (461 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($22M here).

Similar participant headcount

Nearest other-state filings by covered participants (461 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 Stearns Financial Services, Inc. 401(k) Plan and Trust assets move in 2022? ▼
Stearns Financial Services, Inc. 401(k) Plan and Trust pulled back noticeably - down 13.8% during 2022, from $26M to $22M. Reported net income was -$4M.
How have Stearns Financial Services, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Stearns Financial Services, Inc.'s sponsor-wide assets grew 9.2%, from $165M to $181M.
Where does Stearns Financial Services, Inc. 401(k) Plan and Trust rank by assets among Form 5500 filers? ▼
Stearns Financial Services, Inc. 401(k) Plan and Trust ranks in the 79th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Stearns Financial Services, Inc. 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Chalmers & Kubeck, Inc. 401(k) Plan in PA ($22M, 175 participants).
Which 401(k) plans cover a similar participant headcount to Stearns Financial Services, Inc. 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Phoenix 401(k) Plan in TX (461 participants, $12M 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 411655119.

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.