401(k) · DOL Form 5500 · 2022

Dakota Electric Association 401(k) Plan

Data updated 2026-08-25

$63M
Total assets Below avg plan size
180
Participants Small participant base
90th
Percentile by assets National rank
$348,903
Avg per participant High balance/head
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Official DOL plan name: Dakota Electric Association Employee 401(k) Plan · Sponsored by Dakota Electric Association · Minnesota · Utilities

$63M in assets, 180 participants

Dakota Electric Association's Dakota Electric Association Employee 401(k) Plan reported $63M in total assets and 180 participants in its 2022 DOL Form 5500 filing, ranking in the 90th 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.

  • #437 in Utilities (738 peers)

Coverage in Minnesota

Dakota Electric Association Employee 401(k) Plan covers 180 participants in Minnesota, about 16% of the average Minnesota filer (state average ~1,126 per filing). Assets: $63M.

#437
in Utilities (738 peers)
-25.0%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $21M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Dakota Electric Association Employee 401(k) Plan's outsized position by total assets

Dakota Electric Association Employee 401(k) Plan vs every filed plan by assets

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

$62,802,564 Top 10% higher than 90% 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

Dakota Electric Association Employee 401(k) Plan 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. Dakota Electric Association Employee 401(k) Plan sits mid-pack in the medium band (180 participants).

DOL schedule card

Filing strip 410212180 · Dakota Electric Association PY 2022 · 401(k)

Dakota Electric Association Employee 401(k) Plan · $63M · 180 · 90th

  • EBSA $63M
  • PART 180
  • TYPE 90th
  • NET 401(k)
  • BOOK near Dzs Inc. 401(k) Plan
  • VS-ST ind #437

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 →

Dakota Electric Association Employee 401(k) Plan in the asset neighbourhood

Ab Car Rental Services Retirement Savings Plan for Bargaining Hourly EmployeesAb Car Rental Services Retir…$63MDzs Inc. 401(k) Plan$63MDakota Electric Association Employee 401(k) PlanDakota Electric Association …$63MHarbor Capital Advisors, Inc. 401(k) PlanHarbor Capital Advisors, Inc…$63MCnooc 401(k) Savings and Pension PlanCnooc 401(k) Savings and Pen…$63M
End-of-year total assets ($M) among Dakota Electric Association Employee 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$84M
Net Assets (End of Year)$63M
Net Income-$21M
Employer EIN410212180
Plan Effective Date1978-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Dakota Electric Association)

Sponsor-wide plan assets over time

All Dakota Electric Association plans reported in each filing year

Latest sponsor-wide plan assets
$75M 20.136999502122237% vs 2022
2024 filing year
$60M$65M$70M$75M$80M 202220232024 $62.8M $75.5M ▲ +20.1%
Year Plans Participants Total Assets
2022 1 180 $63M
2023 1 177 $66M
2024 1 189 $75M

Nearby 401(k) Plans in Minnesota

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

Dakota Electric Association Employee 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Dakota Electric Association Employee 401(k) Plan, Total assets ($B): 0.062802564 · Participants: 180Dakota Electric Association Employee 401(k) 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
Dakota Electric Association Employee 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Dakota Electric Association Employee 401(k) Plan side-by-side with 3 peers →

Dakota Electric Association Employee 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Dzs Inc. 401(k) Plan in TX ($63M); by covered participants it is Severson Group 401(k) Plan in CA (180 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (180 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 Dakota Electric Association Employee 401(k) Plan assets move in 2022? ▼
Dakota Electric Association Employee 401(k) Plan declined sharply - down 25.0% during 2022, from $84M to $63M. Reported net income was -$21M.
How have Dakota Electric Association plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Dakota Electric Association's sponsor-wide assets grew 20.1%, from $63M to $75M.
Where does Dakota Electric Association Employee 401(k) Plan rank by assets among Form 5500 filers? ▼
Dakota Electric Association Employee 401(k) Plan ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Dakota Electric Association Employee 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Dzs Inc. 401(k) Plan in TX ($63M, 246 participants).
Which 401(k) plans cover a similar participant headcount to Dakota Electric Association Employee 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Severson Group 401(k) Plan in CA (180 participants, $16M 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 410212180.

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.