401(k) · DOL Form 5500 · 2022
Faegre Drinker Biddle & Reath LLP 401(k) Plan
Data updated 2026-08-06
- $623M
- Total assets
- 1,441
- Participants
- 98th
- Percentile by assets
- $432,333
- Avg per participant
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.
- 98th percentile by assets (of 139,258 plans)
- #21,330 in Professional & Technical Services (21,577 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.
- $623M
- total plan assets (2022 EOY)
- 1,441
- covered participants
- 98th
- percentile by assets (of 139,258 plans)
- $432,333
- avg assets per participant
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 vs the 2022 asset distribution
By assets, Faegre Drinker Retirement Savings Plan 1 outranks 98% of the 139,258 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 6.2x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $800M |
|---|---|
| Net Assets (End of Year) | $623M |
| Net Income | -$177M |
| Employer EIN | 410244008 |
| Plan Effective Date | 1969-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Faegre Drinker Biddle & Reath LLP)
| 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
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Faegre Drinker Retirement Savings Plan 1 by total assets, not by location.
- Oceaneering Retirement Investment Plan (TX) $624M · 3,288
- The Helmerich & Payne, Inc. 401(k)/Thrift Plan (OK) $622M · 6,186
- The Cianbro Team Equity Plan (ME) $624M · 2,575
- National Railroad Passenger Corporation Savings Plan (DC) $625M · 3,175
Frequently Asked Questions
How did Faegre Drinker Retirement Savings Plan 1 assets move in 2022? ▼
How have Faegre Drinker Biddle & Reath LLP plan assets changed over time? ▼
Where does Faegre Drinker Retirement Savings Plan 1 rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Faegre Drinker Retirement Savings Plan 1? ▼
Next read for Faegre Drinker Retirement Savings Plan 1
Scale reading
Ways to act on Faegre Drinker Retirement Savings Plan 1's numbers.
- By total assets, Faegre Drinker Retirement Savings Plan 1 ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Faegre Drinker Biddle & Reath LLP's sponsor-wide assets have grown 27.0% since 2022 across 3 plan years on file. More Professional & Technical Services plans