Other · DOL Form 5500 · 2022

Essentia Health Retirement Plan

Data updated 2026-08-25

$85M
Total assets Below avg plan size
1,371
Participants Near avg headcount
92nd
Percentile by assets National rank
$62,278
Avg per participant Low balance/head
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Official DOL plan name: Essentia Health 403(b) Plan · Sponsored by Essentia Health · Minnesota · Healthcare & Social Assistance

$85M in assets, 1,371 participants

Essentia Health's Essentia Health 403(b) Plan reported $85M in total assets and 1,371 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • #18,650 in Healthcare & Social Assistance (20,060 peers)

Where Essentia Health 403(b) Plan sits by assets

Essentia Health 403(b) Plan sits in the top 10% of all filed plans by assets, $85M for 1,371 participants (~$62,278/participant), down 23.9% in 2022.

#18,650
in Healthcare & Social Assistance (20,060 peers)
-23.9%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $27M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Essentia Health 403(b) Plan's outsized position by total assets

Essentia Health 403(b) Plan vs every filed plan by assets

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

$85,383,607 Top 8% higher than 92% 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

Essentia Health 403(b) Plan'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. Essentia Health 403(b) Plan lands in the large band (1,371 participants).

Form 5500 schedule snapshot

Filing strip 200360007 · Essentia Health PY 2022 · Other

Essentia Health 403(b) Plan · $85M · 1,371 · 92nd

  • PCT $85M
  • EIN 1,371
  • RANK 92nd
  • PHOTO Other
  • IND near Cape Regional Medical Center Defined Contribution Retirement Plan
  • EOY ind #18650

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 Healthcare & Social Assistance retirement plans → · Plans in Minnesota →

Essentia Health 403(b) Plan in the asset neighbourhood

Morris Hospital & Healthcare Centers Internal Revenue Code Section 403(b)Morris Hospital & Healthcare…$85MEssentia Health 403(b) Plan$85MCape Regional Medical Center Defined Contribution Retirement PlanCape Regional Medical Center…$85MButler Memorial Hospital 403(b) PlanButler Memorial Hospital 403…$85MWofford College Defined Contribution Retirement PlanWofford College Defined Cont…$85M
End-of-year total assets ($M) among Essentia Health 403(b) Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$112M
Net Assets (End of Year)$85M
Net Income-$27M
Employer EIN200360007
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Essentia Health)

Sponsor-wide plan assets over time

All Essentia Health plans reported in each filing year

Latest sponsor-wide plan assets
$2.3B 34.17601445297837% vs 2022
2024 filing year
$1.6B$1.8B$2B$2.2B$2.4B 202220232024 $1.7B $2.28B ▲ +34.1%
Year Plans Participants Total Assets
2022 2 15,815 $1.7B
2023 2 16,711 $2.0B
2024 2 16,810 $2.3B

Nearby Other Plans in Minnesota

Peer Other plans, same state, same plan type, ranked by total assets.

Essentia Health 403(b) Plan vs. nearby Other plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510 Total assets ($B) Participants Essentia Health 403(b) Plan, Total assets ($B): 0.085383607 · Participants: 1371Essentia Health 403(b) PlanMayo 403(b) Plan, Total assets ($B): 9.453323372 · Participants: 80932Mayo 403(b) PlanCentracare Health System 403(b) Plan, Total assets ($B): 0.739468957 · Participants: 10840Centracare Health System 403(b) PlanChildrens Hospitals and Clinics Matched Savings Plan, Total assets ($B): 0.691827028 · Participants: 5009Childrens Hospitals and Clinics Matched Savings PlanCarpenters & Joiners Defined Contribution Plan, Total assets ($B): 0.583263225 · Participants: 20332Carpenters & Joiners Defined Contribution PlanUniversity of St. Thomas Retirement Plan, Total assets ($B): 0.358032714 · Participants: 2317University of St. Thomas Retirement Plan
Essentia Health 403(b) Plan vs. nearby Other plans in Minnesota, assets vs. participants

Essentia Health 403(b) Plan's out-of-state Other peers by assets and headcount

Outside Minnesota, the nearest Other by assets is Cape Regional Medical Center Defined Contribution Retirement Plan in NJ ($85M); by covered participants it is Center for Human Development DC Retirement Plan in MA (1,373 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,371 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 Essentia Health 403(b) Plan assets move in 2022?
Essentia Health 403(b) Plan declined sharply - down 23.9% during 2022, from $112M to $85M. Reported net income was -$27M.
How have Essentia Health plan assets changed over time?
Across 3 plan years on file (2022-2024), Essentia Health's sponsor-wide assets grew 34.2%, from $1.7B to $2.3B.
Where does Essentia Health 403(b) Plan rank by assets among Form 5500 filers?
Essentia Health 403(b) Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Other plans are similar in size to Essentia Health 403(b) Plan?
Among Other plans in other states, the closest by assets is Cape Regional Medical Center Defined Contribution Retirement Plan in NJ ($85M, 993 participants).
Which Other plans cover a similar participant headcount to Essentia Health 403(b) Plan?
Among Other plans in other states, the closest by covered participants is Center for Human Development DC Retirement Plan in MA (1,373 participants, $34M in assets).