Defined Benefit (Pension) · DOL Form 5500 · 2022
Allete & Affiliated Companies Pension Plan
Data updated 2026-08-11
- $427M
- Total assets
- 187
- Participants
- 98th
- Percentile by assets
- $2.3M
- Avg per participant
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.
- 98th percentile by assets (of 139,126 plans)
- #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.
- $427M
- total plan assets (2022 EOY)
- 187
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $2.3M
- avg assets per participant
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Allete & Affiliated Companies Retirement Plan C reports 187 participants - about 17% of that state average ($427M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $564M |
|---|---|
| Net Assets (End of Year) | $427M |
| Net Income | -$145M |
| Employer EIN | 410418150 |
| Plan Effective Date | 2016-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Allete & Affiliated Companies)
| 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
- 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 Allete & Affiliated Companies Retirement Plan C by total assets, not by location.
- Western States Insulators and Allied Workers' Pension Plan (CA) $427M · 3,332
- Td Banknorth Inc. Pension Plan (ME) $427M · 1,730
- North Mississippi Health Services Retirement Plan & Trust Agreement (MS) $425M · 2,033
- Dte Gas Company Retirement Plan for Employees Covered by Collective Bargaining Agreements (MI) $425M · 971
Frequently Asked Questions
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Filing takeaways
Ways to act on Allete & Affiliated Companies Retirement Plan C's numbers.
- By total assets, Allete & Affiliated Companies Retirement Plan C ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Minnesota. Compare plans
- Allete & Affiliated Companies's sponsor-wide assets have grown 14.1% since 2022 across 3 plan years on file. More Utilities plans