401(k) · DOL Form 5500 · 2023

Think Mutual Bank 401(k) Plan

Data updated 2026-08-25

$59M
Total assets Below avg plan size
263
Participants Below avg headcount
87th
Percentile by assets National rank
$224,713
Avg per participant Above avg balance/head
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Official DOL plan name: Think 401(k) Plan · Sponsored by Think Mutual Bank · Minnesota · Finance & Insurance

$59M in assets, 263 participants

Think Mutual Bank's Think 401(k) Plan reported $59M in total assets and 263 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,113 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Think 401(k) Plan covers 263 participants in Minnesota, about 23% of the average Minnesota filer (state average ~1,126 per filing). Assets: $59M.

#7,113
in Finance & Insurance (8,869 peers)
+9.0%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Think 401(k) Plan's outsized position by total assets

Think 401(k) Plan vs every filed plan by assets

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

$59,099,622 Top 13% higher than 87% 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

Think 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Think 401(k) Plan sits mid-pack in the medium band (263 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Think 401(k) Plan reported net income rose from -$14M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Think 401(k) Plan end-of-year assets rose from $54M in the plan year 2022 filing to $59M in the plan year 2023 filing.
  • Think 401(k) Plan reported participants rose from 256 in the plan year 2022 filing to 263 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 410844117 · Think Mutual Bank PY 2023 · 401(k)

Think 401(k) Plan · $59M · 263 · 87th

  • BOOK $59M
  • BOOK 263
  • BOOK 87th
  • BOOK 401(k)
  • BOOK near Orthoarkansas, P. a. Profit Sharing Plan and Trust
  • BOOK ind #7113

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 Finance & Insurance retirement plans → · Plans in Minnesota →

Think 401(k) Plan in the asset neighbourhood

Lewis Management Corp. 401(k) PlanLewis Management Corp. 401(k…$59MThink 401(k) Plan$59MOrthoarkansas, P. a. Profit Sharing Plan and TrustOrthoarkansas, P. a. Profit …$59MAtrion Corporation 401(k) Savings PlanAtrion Corporation 401(k) Sa…$59MCordis US Corp. Retirement Savings PlanCordis US Corp. Retirement S…$59M
End-of-year total assets ($M) among Think 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$54M
Net Assets (End of Year)$59M
Net Income$5M
Employer EIN410844117
Plan Effective Date1997-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Think Mutual Bank)

Sponsor-wide plan assets over time

All Think Mutual Bank plans reported in each filing year

Latest sponsor-wide plan assets
$65M 19.54604667580162% vs 2022
2024 filing year
$50M$55M$60M$65M$70M 202220232024 $54.2M $64.8M ▲ +19.5%
Year Plans Participants Total Assets
2022 1 256 $54M
2023 1 263 $59M
2024 1 271 $65M

Nearby 401(k) Plans in Minnesota

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

Think 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Think 401(k) Plan, Total assets ($B): 0.059099622 · Participants: 263Think 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
Think 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Think 401(k) Plan side-by-side with 3 peers →

Think 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Orthoarkansas, P. a. Profit Sharing Plan and Trust in AR ($59M); by covered participants it is Mercer Valve Co., Inc. 401(k) Plan in OK (263 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($59M here).

Similar participant headcount

Nearest other-state filings by covered participants (263 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 Think 401(k) Plan assets move in 2023? ▼
Think 401(k) Plan grew at a solid clip - up 9.0% during 2023, from $54M to $59M. Reported net income was $5M.
How have Think Mutual Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Think Mutual Bank's sponsor-wide assets grew 19.5%, from $54M to $65M.
Where does Think 401(k) Plan rank by assets among Form 5500 filers? ▼
Think 401(k) Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Think 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Orthoarkansas, P. a. Profit Sharing Plan and Trust in AR ($59M, 326 participants).
Which 401(k) plans cover a similar participant headcount to Think 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mercer Valve Co., Inc. 401(k) Plan in OK (263 participants, $4M 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 410844117.

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.