401(k) · DOL Form 5500 · 2023

University of Minnesota Physicians 401(k) Plan

Data updated 2026-08-11

$933M
Total assets
4,047
Participants
99th
Percentile by assets
$230,458
Avg per participant
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Official DOL plan name: University of Minnesota Physicians Retirement Savings and 401(k) Plan · Sponsored by University of Minnesota Physicians · Minnesota · Healthcare & Social Assistance

$933M in assets, 4,047 participants

University of Minnesota Physicians's University of Minnesota Physicians Retirement Savings and 401(k) Plan reported $933M in total assets and 4,047 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • 99th percentile by assets (of 127,072 plans)
  • #17,458 in Healthcare & Social Assistance (17,684 peers)

Coverage in Minnesota

University of Minnesota Physicians Retirement Savings and 401(k) Plan covers 4,047 participants in Minnesota, 3.6x the typical Minnesota plan (state average ~1,126 per filing). Assets: $933M.

$933M
total plan assets (2023 EOY)
4,047
covered participants
99th
percentile by assets (of 127,072 plans)
$230,458
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • University of Minnesota Physicians Retirement Savings and 401(k) Plan reported net income rose from -$122M in the plan year 2022 filing to $193M in the plan year 2023 filing.
  • University of Minnesota Physicians Retirement Savings and 401(k) Plan end-of-year assets rose from $739M in the plan year 2022 filing to $933M in the plan year 2023 filing.
  • University of Minnesota Physicians Retirement Savings and 401(k) Plan reported participants rose from 3,865 in the plan year 2022 filing to 4,047 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Minnesota
Industry
Healthcare & Social Assistance

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. University of Minnesota Physicians Retirement Savings and 401(k) Plan reports 4,047 participants - 3.6x that state average ($933M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)$739M
Net Assets (End of Year)$933M
Net Income$193M
Employer EIN411843943
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (University of Minnesota Physicians)

$0.6B$0.8B$1B$1.2B 202220232024 $0.74B $1.11B ▲ +50.0%
Total plan assets by year, all University of Minnesota Physicians plans on file
Year Plans Participants Total Assets
2022 1 3,865 $739M
2023 1 4,047 $933M
2024 1 4,568 $1.1B

Nearby 401(k) Plans in Minnesota

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

University of Minnesota Physicians Retirement Savings and 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

University of Minnesota Physicians Retirement Savings and 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 University of Minnes…Unitedhealth Group 4…Target Corporation 4…Medtronic Savings an…3M Voluntary Investm…U.S. Bank 401(k) Sav…
University of Minnesota Physicians Retirement Savings and 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare University of Minnesota Physicians Retir… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to University of Minnesota Physicians Retirement Savings and 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did University of Minnesota Physicians Retirement Savings and 401(k) Plan assets move in 2023? ▼
University of Minnesota Physicians Retirement Savings and 401(k) Plan grew sharply - up 26.1% during 2023, from $739M to $933M. Reported net income was $193M.
How have University of Minnesota Physicians plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), University of Minnesota Physicians's sponsor-wide assets grew 49.6%, from $739M to $1.1B.
Where does University of Minnesota Physicians Retirement Savings and 401(k) Plan rank by assets among Form 5500 filers? ▼
University of Minnesota Physicians Retirement Savings and 401(k) Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to University of Minnesota Physicians Retirement Savings and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Devon Energy Corporation Incentive Savings Plan in OK ($933M, 1,858 participants).

Next read for University of Minnesota Physicians Retir…

Filing takeaways

Ways to act on University of Minnesota Physicians Retirement Savings and 401(k) Plan's numbers.

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 411843943.

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.