401(k) · DOL Form 5500 · 2022

Trustees Electrical Workers Local 242 401(k) Plan 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
446
Participants Below avg headcount
77th
Percentile by assets National rank
$43,897
Avg per participant Low balance/head
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Official DOL plan name: Electrical Workers Local 242 401(k) Plan · Sponsored by Trustees Electrical Workers Local 242 401(k) Plan · Minnesota · Construction

$20M in assets, 446 participants

Trustees Electrical Workers Local 242 401(k) Plan's Electrical Workers Local 242 401(k) Plan reported $20M in total assets and 446 participants in its 2022 DOL Form 5500 filing, ranking in the 77th 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.

  • #7,577 in Construction (9,927 peers)

Coverage in Minnesota

Electrical Workers Local 242 401(k) Plan covers 446 participants in Minnesota, about 40% of the average Minnesota filer (state average ~1,126 per filing). Assets: $20M.

#7,577
in Construction (9,927 peers)
-12.0%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Electrical Workers Local 242 401(k) Plan's outsized position by total assets

Electrical Workers Local 242 401(k) Plan vs every filed plan by assets

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

$19,577,873 Top 23% higher than 77% 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

Electrical Workers Local 242 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Electrical Workers Local 242 401(k) Plan sits mid-pack in the medium band (446 participants).

Published 5500 schedule card

Filing strip 411972744 · Trustees Electrical Workers Local 242 401(k) Plan PY 2022 · 401(k)

Electrical Workers Local 242 401(k) Plan · $20M · 446 · 77th

  • PHOTO $20M
  • PHOTO 446
  • PHOTO 77th
  • PHOTO 401(k)
  • PHOTO near Community Reach Center Systems, Inc. Retirement Plan
  • PHOTO ind #7577

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 Construction retirement plans → · Plans in Minnesota →

Electrical Workers Local 242 401(k) Plan in the asset neighbourhood

Electrical Workers Local 242 401(k) PlanElectrical Workers Local 242…$20MCommunity Reach Center Systems, Inc. Retirement PlanCommunity Reach Center Syste…$20MMountain Empire Radiology, P.C. 401(k) Profit Sharing PlanMountain Empire Radiology, P…$20MWright Brothers Construction Company, Inc. 401(k) Profit Sharing PlanWright Brothers Construction…$20MAbility Partners Retirement PlanAbility Partners Retirement …$20M
End-of-year total assets ($M) among Electrical Workers Local 242 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$20M
Net Income-$3M
Employer EIN411972744
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees Electrical Workers Local 242 401(k) Plan)

Sponsor-wide plan assets over time

All Trustees Electrical Workers Local 242 401(k) Plan plans reported in each filing year

Latest sponsor-wide plan assets
$28M 42.96033588531298% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $19.6M $28M ▲ +43.0%
Year Plans Participants Total Assets
2022 1 446 $20M
2023 1 479 $24M
2024 1 512 $28M

Nearby 401(k) Plans in Minnesota

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

Electrical Workers Local 242 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Electrical Workers Local 242 401(k) Plan, Total assets ($B): 0.019577873 · Participants: 446Electrical Workers Local 242 401(k) PlanUnitedhealth 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
Electrical Workers Local 242 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Electrical Workers Local 242 401(k) Plan side-by-side with 3 peers →

Electrical Workers Local 242 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Community Reach Center Systems, Inc. Retirement Plan in CO ($20M); by covered participants it is Livingston-Wyoming Arc 401(k) Retirement Plan in NY (446 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (446 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 Electrical Workers Local 242 401(k) Plan assets move in 2022? ▼
Electrical Workers Local 242 401(k) Plan pulled back noticeably - down 12.0% during 2022, from $22M to $20M. Reported net income was -$3M.
How have Trustees Electrical Workers Local 242 401(k) Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees Electrical Workers Local 242 401(k) Plan's sponsor-wide assets grew 43.0%, from $20M to $28M.
Where does Electrical Workers Local 242 401(k) Plan rank by assets among Form 5500 filers? ▼
Electrical Workers Local 242 401(k) Plan ranks in the 77th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Electrical Workers Local 242 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Community Reach Center Systems, Inc. Retirement Plan in CO ($20M, 423 participants).
Which 401(k) plans cover a similar participant headcount to Electrical Workers Local 242 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Livingston-Wyoming Arc 401(k) Retirement Plan in NY (446 participants, N/A 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 411972744.

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.