Defined Benefit (Pension) · DOL Form 5500 · 2022
Allete and Affiliated Companies Pension Plan
Data updated 2026-08-11
- $154M
- Total assets
- 338
- Participants
- 95th
- Percentile by assets
- $456,517
- Avg per participant
Official DOL plan name: Allete and Affiliated Companies Retirement Plan B · Sponsored by Allete and Affiliated Companies · Minnesota · Utilities
$154M in assets, 338 participants
Allete and Affiliated Companies's Allete and Affiliated Companies Retirement Plan B reported $154M in total assets and 338 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 139,126 plans)
- #515 in Utilities (738 peers)
Coverage in Minnesota
Allete and Affiliated Companies Retirement Plan B covers 338 participants in Minnesota, about 30% of the average Minnesota filer (state average ~1,126 per filing). Assets: $154M.
- $154M
- total plan assets (2022 EOY)
- 338
- covered participants
- 95th
- percentile by assets (of 139,126 plans)
- $456,517
- avg assets per participant
The plan reported a net loss of $30M 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 and Affiliated Companies Retirement Plan B reports 338 participants - about 30% of that state average ($154M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $182M |
|---|---|
| Net Assets (End of Year) | $154M |
| Net Income | -$30M |
| Employer EIN | 410418150 |
| Plan Effective Date | 1952-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Allete and 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 and Affiliated Companies Retirement Plan B 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 and Affiliated Companies Retirement Plan B by total assets, not by location.
- National Gypsum General Pension Plan (NC) $154M · 593
- The Timken-Latrobe-Mpb-Torrington Retirement Plan (OH) $154M · 1,364
- Loyola University Employees' Retirement Plan (IL) $154M · 1,099
- John Maneely Company Pension Plan (IL) $154M · 327
Frequently Asked Questions
How did Allete and Affiliated Companies Retirement Plan B assets move in 2022? ▼
How have Allete and Affiliated Companies plan assets changed over time? ▼
Where does Allete and Affiliated Companies Retirement Plan B rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Allete and Affiliated Companies Retirement Plan B? ▼
Next read for Allete and Affiliated Companies Retireme…
Filing takeaways
Ways to act on Allete and Affiliated Companies Retirement Plan B's numbers.
- By total assets, Allete and Affiliated Companies Retirement Plan B 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 and Affiliated Companies's sponsor-wide assets have grown 14.1% since 2022 across 3 plan years on file. More Utilities plans