Defined Benefit (Pension) · DOL Form 5500 · 2022
Mayo Clinic Pension Plan
Data updated 2026-08-25
- $10.3B
- Total assets Mega-plan scale
- 66,434
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $155,039
- Avg per participant Above avg balance/head
Official DOL plan name: Mayo Pension Plan · Sponsored by Mayo Clinic · Minnesota · Healthcare & Social Assistance
$10.3B in assets, 66,434 participants
Mayo Clinic's Mayo Pension Plan reported $10.3B in total assets and 66,434 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.
- #20,055 in Healthcare & Social Assistance (20,060 peers)
Coverage in Minnesota
Mayo Pension Plan covers 66,434 participants in Minnesota, 59x the typical Minnesota plan (state average ~1,126 per filing). Assets: $10.3B.
- #20,055
- in Healthcare & Social Assistance (20,060 peers)
- -16.9%
- assets change YoY
- 103×
- vs typical plan assets (national mean)
The plan reported a net loss of $2.1B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Mayo Pension Plan's outsized position by total assets
Mayo Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$10,299,849,315 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Mayo Pension Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mayo Pension Plan is a mega filing (66,434 participants), the rightmost band on the breakdown.
EBSA filing schedule strip
Filing strip 416011702 · Mayo Clinic PY 2022 · Defined Benefit (Pension)
Mayo Pension Plan · $10.3B · 66,434 · 100th
- EBSA $10.3B
- PART 66,434
- TYPE 100th
- NET Defined Benefit (Pension)
- BOOK near Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.
- VS-ST ind #20055
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 Healthcare & Social Assistance retirement plans → · Plans in Minnesota →
Mayo Pension Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $12.4B |
|---|---|
| Net Assets (End of Year) | $10.1B |
| Net Income | -$2.1B |
| Employer EIN | 416011702 |
| Plan Effective Date | 1969-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Mayo Clinic)
Sponsor-wide plan assets over time
All Mayo Clinic plans reported in each filing year
- Latest sponsor-wide plan assets
- $24.6B 24.614502961338893% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 147,366 | $19.8B |
| 2023 | 2 | 153,253 | $22.2B |
| 2024 | 2 | 157,676 | $24.6B |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- 3M Employee Retirement Income Plan $14.0B · 12,160
- 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
- U.S. Bank Legacy Pension Plan $2.9B · 1,398
Scale composition for Mayo Pension Plan
Mayo Pension Plan reports $10.3B in end-of-year assets across 66,434 participants (0.084% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.071% of 93,925,755 covered participants) - about $155,039 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2022 was -$2.1B.
This plan identity (EIN 416011702, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $10.3B to $11.8B (+14.7%) while covered participants moved from 66,434 to 71,743 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 66,434 | $10.3B | This page |
| 2023 | 69,155 | $11.0B | Open filing |
| 2024 · index core | 71,743 | $11.8B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Mayo 403(b) Plan (Other, $12.8B, 85,933 participants)
- Mayo Pension Plan (Defined Benefit (Pension), $11.8B, 71,743 participants)
Mayo Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. in CA ($10.4B); by covered participants it is UPS/Ibt Full-Time Employee Pension Plan in GA (68,592 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($10.3B here).
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. (CA) $10.4B · 19,326
- National Elevator Industry Pension Plan (PA) $10.4B · 27,097
- The Citigroup Pension Plan (CT) $10.5B · 18,484
- Pfizer Consolidated Pension Plan (NJ) $10.9B · 10,752
Similar participant headcount
Nearest other-state filings by covered participants (66,434 participants); asset peers above are excluded.
- UPS/Ibt Full-Time Employee Pension Plan (GA) 68,592 · 2,158 off
- Upmc Basic Retirement Plan (PA) 68,708 · 2,274 off
- Motion Picture Industry Pension Plan (CA) 63,914 · 2,520 off
- The PNC Financial Services Group, Inc. Pension Plan (PA) 63,731 · 2,703 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.