Defined Benefit (Pension) · DOL Form 5500 · 2022

Allete & Affiliated Companies Pension Plan

Data updated 2026-08-25

$427M
Total assets Above avg plan size
187
Participants Below avg headcount
98th
Percentile by assets National rank
$2.3M
Avg per participant High balance/head
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Official DOL plan name: Allete & Affiliated Companies Retirement Plan C · Sponsored by Allete & Affiliated Companies · Minnesota · Utilities

$427M in assets, 187 participants

Allete & Affiliated Companies's Allete & Affiliated Companies Retirement Plan C reported $427M in total assets and 187 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • #608 in Utilities (738 peers)

Coverage in Minnesota

Allete & Affiliated Companies Retirement Plan C covers 187 participants in Minnesota, about 17% of the average Minnesota filer (state average ~1,126 per filing). Assets: $427M.

#608
in Utilities (738 peers)
-24.4%
assets change YoY
4.3×
vs typical plan assets (national mean)

The plan reported a net loss of $145M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Allete & Affiliated Companies Retirement Plan C's outsized position by total assets

Allete & Affiliated Companies Retirement Plan C vs every filed plan by assets

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

$426,665,211 Top 2% higher than 98% 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

Allete & Affiliated Companies Retirement Plan C 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. Allete & Affiliated Companies Retirement Plan C sits mid-pack in the medium band (187 participants).

Published 5500 schedule card

Filing strip 410418150 · Allete & Affiliated Companies PY 2022 · Defined Benefit (Pension)

Allete & Affiliated Companies Retirement Plan C · $427M · 187 · 98th

  • TYPE $427M
  • NET 187
  • BOOK 98th
  • VS-ST Defined Benefit (Pension)
  • BOY near Western States Insulators and Allied Workers' Pension Plan
  • SCH ind #608

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 →

Allete & Affiliated Companies Retirement Plan C in the asset neighbourhood

Td Banknorth Inc. Pension PlanTd Banknorth Inc. Pension Pl…$427MAllete & Affiliated Companies Retirement Plan CAllete & Affiliated Companie…$427MWestern States Insulators and Allied Workers' Pension PlanWestern States Insulators an…$427MNorth Mississippi Health Services Retirement Plan & Trust AgreementNorth Mississippi Health Ser…$425MDte Gas Company Retirement Plan for Employees Covered by Collective Bargaining AgreementsDte Gas Company Retirement P…$425M
End-of-year total assets ($M) among Allete & Affiliated Companies Retirement Plan C and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$564M
Net Assets (End of Year)$427M
Net Income-$145M
Employer EIN410418150
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Allete & Affiliated Companies)

Sponsor-wide plan assets over time

All Allete & Affiliated Companies plans reported in each filing year

Latest sponsor-wide plan assets
$1.2B 14.134002992784422% vs 2022
2024 filing year
$1.05B$1.1B$1.15B$1.2B$1.25B 202220232024 $1.07B $1.22B ▲ +14.0%
Year Plans Participants Total Assets
2022 3 1,910 $1.1B
2023 3 1,923 $1.1B
2024 3 2,021 $1.2B

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Allete & Affiliated Companies Retirement Plan C vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Allete & Affiliated Companies Retirement Plan C, Total assets ($B): 0.426665211 · Participants: 187Allete & Affiliated Companies Retirement Plan C3M Employee Retirement Income Plan, Total assets ($B): 14.047885796 · Participants: 121603M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 10.299849315 · Participants: 66434Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 3.940696075 · Participants: 25144The Travelers Pension PlanU.S. Bank Pension Plan, Total assets ($B): 3.73901396 · Participants: 55836U.S. Bank Pension PlanTarget Corporation Pension Plan, Total assets ($B): 3.348662968 · Participants: 50515Target Corporation Pension Plan
Allete & Affiliated Companies Retirement Plan C vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Allete & Affiliated Companies Retirement Plan C side-by-side with 3 peers →

Allete & Affiliated Companies Retirement Plan C's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Western States Insulators and Allied Workers' Pension Plan in CA ($427M); by covered participants it is Associated Medical Professionals of Ny, PLLC Employees' Defined Benefit Pension Plan in NY (187 participants). Same-state nearby plans are listed separately above.

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 Allete & Affiliated Companies Retirement Plan C assets move in 2022? ▼
Allete & Affiliated Companies Retirement Plan C declined sharply - down 24.4% during 2022, from $564M to $427M. Reported net income was -$145M.
How have Allete & Affiliated Companies plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Allete & Affiliated Companies's sponsor-wide assets grew 14.1%, from $1.1B to $1.2B.
Where does Allete & Affiliated Companies Retirement Plan C rank by assets among Form 5500 filers? ▼
Allete & Affiliated Companies Retirement Plan C ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Allete & Affiliated Companies Retirement Plan C? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Western States Insulators and Allied Workers' Pension Plan in CA ($427M, 3,332 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Allete & Affiliated Companies Retirement Plan C? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Associated Medical Professionals of Ny, PLLC Employees' Defined Benefit Pension Plan in NY (187 participants, N/A 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 410418150.

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.