401(k) · DOL Form 5500 · 2022
Thrivent Financial for Lutherans 401(k) Plan
Data updated 2026-08-11
- $1.3B
- Total assets
- 6,177
- Participants
- 99th
- Percentile by assets
- $210,397
- Avg per participant
Official DOL plan name: Thrivent 401(k) Plan · Sponsored by Thrivent Financial for Lutherans · Minnesota · Finance & Insurance
$1.3B in assets, 6,177 participants
Thrivent Financial for Lutherans's Thrivent 401(k) Plan reported $1.3B in total assets and 6,177 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)
- #9,102 in Finance & Insurance (9,261 peers)
Coverage in Minnesota
Thrivent 401(k) Plan covers 6,177 participants in Minnesota, 5.5x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.3B.
- $1.3B
- total plan assets (2022 EOY)
- 6,177
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $210,397
- avg assets per participant
The plan reported a net loss of $278M 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 401(k) Plan reports 6,177 participants - 5.5x that state average ($1.3B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | -$278M |
| Employer EIN | 390123480 |
| Plan Effective Date | 1985-04-01 |
| 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 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Thrivent 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
Scale composition for Thrivent 401(k) Plan
Thrivent 401(k) Plan reports $1.3B in end-of-year assets across 6,177 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $210,397 per participant (1.5x the national average assets-per-participant) . Net income for plan year 2022 was -$278M.
This plan identity (EIN 390123480, plan #007) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.7B (+32.6%) while covered participants moved from 6,177 to 6,573 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,177 | $1.3B | This page |
| 2023 | 6,125 | $1.5B | Open filing |
| 2024 · index core | 6,573 | $1.7B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Thrivent 401(k) Plan (401(k), $1.7B, 6,573 participants)
- Thrivent Individual Pension Account Plan (Defined Benefit (Pension), $1.3B, 4,467 participants)
- Thrivent Capital Accumulation Plan (Money Purchase, $461M, 1,816 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Thrivent 401(k) Plan by total assets, not by location.
- Moog Inc. Retirement Savings Plan (NY) $1.3B · 7,237
- The Queen's Health Systems Retirement Savings Plan (HI) $1.3B · 8,104
- Burns & Mcdonnell, Inc. 401(k) Savings Plan (MO) $1.3B · 7,492
- Hntb Ownership Plan (MO) $1.3B · 5,027
Frequently Asked Questions
How did Thrivent 401(k) Plan assets move in 2022? ▼
How have Thrivent Financial for Lutherans plan assets changed over time? ▼
Where does Thrivent 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Thrivent 401(k) Plan? ▼
Next read for Thrivent 401(k) Plan
Filing takeaways
Ways to act on Thrivent 401(k) Plan's numbers.
- By total assets, Thrivent 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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