401(k) · DOL Form 5500 · 2023

Mayo Clinic 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
38
Participants Small participant base
63rd
Percentile by assets National rank
$316,226
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Franklin Heating Station Hourly Employees 401(k) Plan · Sponsored by Mayo Clinic · Minnesota · Utilities

$12M in assets, 38 participants

Mayo Clinic's Franklin Heating Station Hourly Employees 401(k) Plan reported $12M in total assets and 38 participants in its 2023 DOL Form 5500 filing, ranking in the 63rd 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.

  • #199 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Franklin Heating Station Hourly Employees 401(k) Plan ranks #199 of 721 2023 filers by assets (4468% of the sector average)-$12M for 38 participants.

#199
in Utilities (721 peers)
+4.8%
assets growth YoY

Franklin Heating Station Hourly Employees 401(k) Plan's mid-pack asset rank among Utilities and all filers

Franklin Heating Station Hourly Employees 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$12,016,576 Top 37% higher than 63% of 127,068 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 2023

Franklin Heating Station Hourly Employees 401(k) Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Franklin Heating Station Hourly Employees 401(k) Plan is a small filing (38 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Franklin Heating Station Hourly Employees 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $556K in the plan year 2023 filing.
  • Franklin Heating Station Hourly Employees 401(k) Plan end-of-year assets rose from $11M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Franklin Heating Station Hourly Employees 401(k) Plan reported participants rose from 37 in the plan year 2022 filing to 38 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410264830 · Mayo Clinic PY 2023 · 401(k)

Franklin Heating Station Hourly Employees 401(k) Plan · $12M · 38 · 63rd

  • NET $12M
  • BOOK 38
  • VS-ST 63rd
  • BOY 401(k)
  • SCH near E & a Markets, Inc. 401(k) Profit Sharing Plan
  • EBSA ind #199

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 Minnesota →

Franklin Heating Station Hourly Employees 401(k) Plan in the asset neighbourhood

Franklin Heating Station Hourly Employees 401(k) PlanFranklin Heating Station Hou…$12ME & a Markets, Inc. 401(k) Profit Sharing PlanE & a Markets, Inc. 401(k) P…$12MSecurity State Bank Retirement and 401(k) Savings Plan and TrustSecurity State Bank Retireme…$12M403(b) Thrift Plan for Employees of Goodwill Industries of Eastern North Carolina, Inc.403(b) Thrift Plan for Emplo…$12MCaldwell Companies 401(k) Profit Sharing PlanCaldwell Companies 401(k) Pr…$12M
End-of-year total assets ($M) among Franklin Heating Station Hourly Employees 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$12M
Net Income$556K
Employer EIN410264830
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mayo Clinic)

Sponsor-wide plan assets over time

All Mayo Clinic plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2024 filing year
$0M$5M$10M$15M 202220232024 $11.5M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 37 $11M
2023 1 38 $12M
2024 1 39 N/A

Nearby 401(k) Plans in Minnesota

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

Franklin Heating Station Hourly Employees 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Franklin Heating Station Hourly Employees 401(k) Plan, Total assets ($B): 0.012016576 · Participants: 38Franklin Heating Station Hourly Employees 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Franklin Heating Station Hourly Employees 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Franklin Heating Station Hourly Employees 401(k) Plan side-by-side with 3 peers →

Franklin Heating Station Hourly Employees 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is E & a Markets, Inc. 401(k) Profit Sharing Plan in RI ($12M); by covered participants it is Coral Color Process, Ltd 401(k) Plan in NY (38 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (38 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Franklin Heating Station Hourly Employees 401(k) Plan assets move in 2023? ▼
Franklin Heating Station Hourly Employees 401(k) Plan edged up modestly - up 4.8% during 2023, from $11M to $12M. Reported net income was $556K.
Which 401(k) plans are similar in size to Franklin Heating Station Hourly Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is E & a Markets, Inc. 401(k) Profit Sharing Plan in RI ($12M, 150 participants).
Which 401(k) plans cover a similar participant headcount to Franklin Heating Station Hourly Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Coral Color Process, Ltd 401(k) Plan in NY (38 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410264830.

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.