401(k) · DOL Form 5500 · 2022

Faegre Drinker Biddle & Reath LLP 401(k) Plan

Data updated 2026-08-25

$623M
Total assets Above avg plan size
1,441
Participants Near avg headcount
98th
Percentile by assets National rank
$432,333
Avg per participant High balance/head
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Official DOL plan name: Faegre Drinker Retirement Savings Plan 1 · Sponsored by Faegre Drinker Biddle & Reath LLP · Minnesota · Professional & Technical Services

$623M in assets, 1,441 participants

Faegre Drinker Biddle & Reath LLP's Faegre Drinker Retirement Savings Plan 1 reported $623M in total assets and 1,441 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.

  • #21,316 in Professional & Technical Services (21,562 peers)

Where Faegre Drinker Retirement Savings Plan 1 sits by assets

Faegre Drinker Retirement Savings Plan 1 sits in the top 5% of all filed plans by assets, $623M for 1,441 participants (~$432,333/participant), down 22.1% in 2022.

#21,316
in Professional & Technical Services (21,562 peers)
-22.1%
assets change YoY
6.3×
vs typical plan assets (national mean)

The plan reported a net loss of $177M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Faegre Drinker Retirement Savings Plan 1's outsized position by total assets

Faegre Drinker Retirement Savings Plan 1 vs every filed plan by assets

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

$622,991,635 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

Faegre Drinker Retirement Savings Plan 1's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Faegre Drinker Retirement Savings Plan 1 lands in the large band (1,441 participants).

Plan-year Form 5500 strip

Filing strip 410244008 · Faegre Drinker Biddle & Reath LLP PY 2022 · 401(k)

Faegre Drinker Retirement Savings Plan 1 · $623M · 1,441 · 98th

  • EBSA $623M
  • PART 1,441
  • TYPE 98th
  • NET 401(k)
  • BOOK near Oceaneering Retirement Investment Plan
  • VS-ST ind #21316

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 Professional & Technical Services retirement plans → · Plans in Minnesota →

Faegre Drinker Retirement Savings Plan 1 in the asset neighbourhood

National Railroad Passenger Corporation Savings PlanNational Railroad Passenger …$625MThe Cianbro Team Equity Plan$624MOceaneering Retirement Investment PlanOceaneering Retirement Inves…$624MFaegre Drinker Retirement Savings Plan 1Faegre Drinker Retirement Sa…$623MThe Helmerich & Payne, Inc. 401(k)/Thrift PlanThe Helmerich & Payne, Inc. …$622M
End-of-year total assets ($M) among Faegre Drinker Retirement Savings Plan 1 and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$800M
Net Assets (End of Year)$623M
Net Income-$177M
Employer EIN410244008
Plan Effective Date1969-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Faegre Drinker Biddle & Reath LLP)

Sponsor-wide plan assets over time

All Faegre Drinker Biddle & Reath LLP plans reported in each filing year

Latest sponsor-wide plan assets
$1.5B 26.964247118493027% vs 2022
2024 filing year
$1.1B$1.2B$1.3B$1.4B$1.5B$1.6B 202220232024 $1.21B $1.54B ▲ +27.3%
Year Plans Participants Total Assets
2022 2 2,885 $1.2B
2023 2 2,798 $1.4B
2024 2 2,697 $1.5B

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Faegre Drinker Retirement Savings Plan 1 vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Faegre Drinker Retirement Savings Plan 1, Total assets ($B): 0.622991635 · Participants: 1441Faegre Drinker Retirement Savings Plan 1Unitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Faegre Drinker Retirement Savings Plan 1 vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Faegre Drinker Retirement Savings Plan 1 side-by-side with 3 peers →

Faegre Drinker Retirement Savings Plan 1's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Oceaneering Retirement Investment Plan in TX ($624M); by covered participants it is Powell Industries, Inc. Employees Incentive Savings Plan in TX (1,441 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($623M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,441 participants); asset peers above are excluded.

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 Faegre Drinker Retirement Savings Plan 1 assets move in 2022? ▼
Faegre Drinker Retirement Savings Plan 1 declined sharply - down 22.1% during 2022, from $800M to $623M. Reported net income was -$177M.
How have Faegre Drinker Biddle & Reath LLP plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Faegre Drinker Biddle & Reath LLP's sponsor-wide assets grew 27.0%, from $1.2B to $1.5B.
Where does Faegre Drinker Retirement Savings Plan 1 rank by assets among Form 5500 filers? ▼
Faegre Drinker Retirement Savings Plan 1 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 401(k) plans are similar in size to Faegre Drinker Retirement Savings Plan 1? ▼
Among 401(k) plans in other states, the closest by assets is Oceaneering Retirement Investment Plan in TX ($624M, 3,288 participants).
Which 401(k) plans cover a similar participant headcount to Faegre Drinker Retirement Savings Plan 1? ▼
Among 401(k) plans in other states, the closest by covered participants is Powell Industries, Inc. Employees Incentive Savings Plan in TX (1,441 participants, $200M 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 410244008.

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.