401(k) · DOL Form 5500 · 2022

Minnkota Power Cooperative, Inc. 401(k) Plan

Data updated 2026-08-25

$49M
Total assets Below avg plan size
399
Participants Below avg headcount
88th
Percentile by assets National rank
$122,970
Avg per participant Near avg balance/head
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Official DOL plan name: Minnkota Power Cooperative, Inc. Employees 401(k) Plan · Sponsored by Minnkota Power Cooperative, Inc. · North Dakota · Utilities

$49M in assets, 399 participants

Minnkota Power Cooperative, Inc.'s Minnkota Power Cooperative, Inc. Employees 401(k) Plan reported $49M in total assets and 399 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • #404 in Utilities (738 peers)

Utilities sector rank

Within Utilities, Minnkota Power Cooperative, Inc. Employees 401(k) Plan ranks #404 of 738 2022 filers by assets (1094% of the sector average)-$49M for 399 participants.

#404
in Utilities (738 peers)
-19.0%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Minnkota Power Cooperative, Inc. Employees 401(k) Plan's outsized position by total assets

Minnkota Power Cooperative, Inc. Employees 401(k) Plan vs every filed plan by assets

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

$49,065,012 Top 12% higher than 88% 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

Minnkota Power Cooperative, Inc. Employees 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. Minnkota Power Cooperative, Inc. Employees 401(k) Plan sits mid-pack in the medium band (399 participants).

Plan-year Form 5500 strip

Filing strip 450166406 · Minnkota Power Cooperative, Inc. PY 2022 · 401(k)

Minnkota Power Cooperative, Inc. Employees 401(k) Plan · $49M · 399 · 88th

  • EOY $49M
  • EOY 399
  • EOY 88th
  • EOY 401(k)
  • EOY near Belting Company of Cincinnati, Inc. Retirement Savings Plan
  • EOY ind #404

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 Utilities retirement plans → · Plans in North Dakota →

Minnkota Power Cooperative, Inc. Employees 401(k) Plan in the asset neighbourhood

Api Heat Transfer Inc. 401(k) PlanApi Heat Transfer Inc. 401(k…$49MMinnkota Power Cooperative, Inc. Employees 401(k) PlanMinnkota Power Cooperative, …$49MBelting Company of Cincinnati, Inc. Retirement Savings PlanBelting Company of Cincinnat…$49MLandman Corsi Ballaine & Ford 401(k) Profit Sharing PlanLandman Corsi Ballaine & For…$49MCzarnowski Display Service, Inc. 401(k) PlanCzarnowski Display Service, …$49M
End-of-year total assets ($M) among Minnkota Power Cooperative, Inc. Employees 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Utilities filing particulars

Total Assets (Beginning of Year)$61M
Net Assets (End of Year)$49M
Net Income-$12M
Employer EIN450166406
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnkota Power Cooperative, Inc.)

Sponsor-wide plan assets over time

All Minnkota Power Cooperative, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$169M 37.39444569682429% vs 2022
2024 filing year
$100M$120M$140M$160M$180M 202220232024 $123M $169M ▲ +37.4%
Year Plans Participants Total Assets
2022 3 1,123 $123M
2023 3 1,055 $146M
2024 3 1,157 $169M

Nearby 401(k) Plans in North Dakota

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

Minnkota Power Cooperative, Inc. Employees 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -10123 Total assets ($B) Participants Minnkota Power Cooperative, Inc. Employees 401(k) Plan, Total assets ($B): 0.049065012 · Participants: 399Minnkota Power Cooperative, Inc. Employees 401(k) PlanSanford Retirement Savings Plan, Total assets ($B): 2.448470251 · Participants: 30145Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 1.321268405 · Participants: 8525Mdu Resources Group, Inc. 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.446081759 · Participants: 3784Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.410790544 · Participants: 2612Eide Bailly LLP 401(k) Profit Sharing PlanOffutt Companies 401(k) Savings Plan, Total assets ($B): 0.402778064 · Participants: 5088Offutt Companies 401(k) Savings Plan
Minnkota Power Cooperative, Inc. Employees 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Minnkota Power Cooperative, Inc. Employees 401(k) Plan side-by-side with 3 peers →

Minnkota Power Cooperative, Inc. Employees 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Belting Company of Cincinnati, Inc. Retirement Savings Plan in OH ($49M); by covered participants it is Umlaut Group 401(k) Plan in MI (399 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (399 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 Minnkota Power Cooperative, Inc. Employees 401(k) Plan assets move in 2022? ▼
Minnkota Power Cooperative, Inc. Employees 401(k) Plan declined sharply - down 19.0% during 2022, from $61M to $49M. Reported net income was -$12M.
How have Minnkota Power Cooperative, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnkota Power Cooperative, Inc.'s sponsor-wide assets grew 37.4%, from $123M to $169M.
Where does Minnkota Power Cooperative, Inc. Employees 401(k) Plan rank by assets among Form 5500 filers? ▼
Minnkota Power Cooperative, Inc. Employees 401(k) Plan ranks in the 88th 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 Minnkota Power Cooperative, Inc. Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Belting Company of Cincinnati, Inc. Retirement Savings Plan in OH ($49M, 262 participants).
Which 401(k) plans cover a similar participant headcount to Minnkota Power Cooperative, Inc. Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Umlaut Group 401(k) Plan in MI (399 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 450166406.

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.