401(k) · DOL Form 5500 · 2022
Granite Equity Partners 401(k) Plan
Data updated 2026-08-11
- $192M
- Total assets
- 2,262
- Participants
- 95th
- Percentile by assets
- $84,917
- Avg per participant
Official DOL plan name: Granite Retirement Savings Plan · Sponsored by Granite Equity Partners · Minnesota · Management of Enterprises
$192M in assets, 2,262 participants
Granite Equity Partners's Granite Retirement Savings Plan reported $192M in total assets and 2,262 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)
- #1,005 in Management of Enterprises (1,193 peers)
Coverage in Minnesota
Granite Retirement Savings Plan covers 2,262 participants in Minnesota, 2.0x the typical Minnesota plan (state average ~1,126 per filing). Assets: $192M.
- $192M
- total plan assets (2022 EOY)
- 2,262
- covered participants
- 95th
- percentile by assets (of 139,126 plans)
- $84,917
- avg assets per participant
The plan reported a net loss of $19M 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. Granite Retirement Savings Plan reports 2,262 participants - 2.0x that state average ($192M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $197M |
|---|---|
| Net Assets (End of Year) | $192M |
| Net Income | -$19M |
| Employer EIN | 061643578 |
| Plan Effective Date | 2017-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Granite Equity Partners)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,262 | $192M |
| 2023 | 1 | 2,627 | $239M |
| 2024 | 1 | 2,661 | $283M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Granite Retirement Savings Plan 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 Granite Retirement Savings Plan by total assets, not by location.
- Consol Energy Inc. Investment Plan (PA) $192M · 1,574
- Kelly Retirement Plus (MI) $192M · 4,397
- Fleetcor Technologies, Inc. 401(k) Savings Plan (LA) $192M · 3,996
- Watts Water Technologies, Inc. 401(k) Savings Plan (MA) $192M · 1,669
Frequently Asked Questions
How did Granite Retirement Savings Plan assets move in 2022? ▼
How have Granite Equity Partners plan assets changed over time? ▼
Where does Granite Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Granite Retirement Savings Plan? ▼
Next read for Granite Retirement Savings Plan
Filing takeaways
Ways to act on Granite Retirement Savings Plan's numbers.
- By total assets, Granite Retirement Savings Plan 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
- Granite Equity Partners's sponsor-wide assets have grown 47.6% since 2022 across 3 plan years on file. More Management of Enterprises plans