Defined Benefit (Pension) · DOL Form 5500 · 2022
Thrivent Financial for Lutherans Pension Plan
Data updated 2026-08-11
- $1.2B
- Total assets
- 3,974
- Participants
- 99th
- Percentile by assets
- $295,321
- Avg per participant
Official DOL plan name: Thrivent Individual Pension Account Plan · Sponsored by Thrivent Financial for Lutherans · Minnesota · Finance & Insurance
$1.2B in assets, 3,974 participants
Thrivent Financial for Lutherans's Thrivent Individual Pension Account Plan reported $1.2B in total assets and 3,974 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #9,090 in Finance & Insurance (9,261 peers)
Coverage in Minnesota
Thrivent Individual Pension Account Plan covers 3,974 participants in Minnesota, 3.5x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.2B.
- $1.2B
- total plan assets (2022 EOY)
- 3,974
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $295,321
- avg assets per participant
The plan reported a net loss of $231M 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. Thrivent Individual Pension Account Plan reports 3,974 participants - 3.5x that state average ($1.2B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $1.5B |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | -$231M |
| Employer EIN | 390123480 |
| Plan Effective Date | 1955-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Thrivent Financial for Lutherans)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 12,041 | $2.8B |
| 2023 | 3 | 12,405 | $3.2B |
| 2024 | 3 | 12,856 | $3.5B |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Thrivent Individual Pension Account Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
- 3M Employee Retirement Income Plan $14.0B · 12,160
- Mayo Pension Plan $10.3B · 66,434
- The Travelers Pension Plan $3.9B · 25,144
- U.S. Bank Pension Plan $3.7B · 55,836
- Target Corporation Pension Plan $3.3B · 50,515
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Thrivent Individual Pension Account Plan by total assets, not by location.
- Central Laborers' Pension Fund (IL) $1.2B · 5,000
- Employee Retirement Plan of Safeway Inc. and Its Domestic Subsidiaries (CA) $1.2B · 9,235
- Lehigh Valley Health Network, Inc. Retirement Plan (PA) $1.2B · 3,821
- Pitney Bowes Pension Plan (CT) $1.2B · 1,049
Frequently Asked Questions
How did Thrivent Individual Pension Account Plan assets move in 2022? ▼
How have Thrivent Financial for Lutherans plan assets changed over time? ▼
Where does Thrivent Individual Pension Account Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Thrivent Individual Pension Account Plan? ▼
Next read for Thrivent Individual Pension Account Plan
Filing takeaways
Ways to act on Thrivent Individual Pension Account Plan's numbers.
- By total assets, Thrivent Individual Pension Account Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Minnesota. Compare plans
- Thrivent Financial for Lutherans's sponsor-wide assets have grown 23.5% since 2022 across 3 plan years on file. More Finance & Insurance plans