401(k) · DOL Form 5500 · 2023

Frandsen Financial Corporation 401(k) Plan

Data updated 2026-08-11

$74M
Total assets: 494
Participants: 89th
Percentile by assets: $149,004
Avg per participant

Official DOL plan name: Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan · Sponsored by Frandsen Financial Corporation · Minnesota · Finance & Insurance

$74M in assets, 494 participants

Frandsen Financial Corporation's Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan reported $74M in total assets and 494 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

89th percentile by assets (of 127,072 plans)
#7,362 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan covers 494 participants in Minnesota, about 44% of the average Minnesota filer (state average ~1,126 per filing). Assets: $74M.

$74M
total plan assets (2023 EOY): 494
covered participants: 89th
percentile by assets (of 127,072 plans): $149,004
avg assets per participant

Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan reported net income rose from -$14M in the plan year 2022 filing to $11M in the plan year 2023 filing.
Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan end-of-year assets rose from $63M in the plan year 2022 filing to $74M in the plan year 2023 filing.
Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan reported participants rose from 456 in the plan year 2022 filing to 494 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Minnesota

Industry

Finance & Insurance

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan reports 494 participants - about 44% of that state average ($74M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$63M
Net Assets (End of Year)	$74M
Net Income	$11M
Employer EIN	930848097
Plan Effective Date	1984-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Frandsen Financial Corporation)

Total plan assets by year, all Frandsen Financial Corporation plans on file

Year	Plans	Participants	Total Assets
2022	1	456	$63M
2023	1	494	$74M
2024	1	501	$83M

Nearby 401(k) Plans in Minnesota

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

Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
Target Corporation 401(k) Plan $13.0B · 432,617
Medtronic Savings and Investment Plan $12.9B · 44,342
3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
U.S. Bank 401(k) Savings Plan $10.3B · 75,272

Compare Frandsen Financial Corporation Tax Defer… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan by total assets, not by location.

Carmeuse Lime, Inc. 401(k) Plan for Bargaining Unit Employees (PA) $74M · 822
D & H 401(k) Plan (PA) $74M · 1,478
A. Raymond Corporate NA, Inc. 401(k) Plan (MI) $74M · 701
Eight Eleven Group, LLC. 401(k) Profit Sharing Trust (IN) $74M · 1,776

Frequently Asked Questions

How did Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan assets move in 2023? ▼

Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan grew sharply - up 16.7% during 2023, from $63M to $74M. Reported net income was $11M.

How have Frandsen Financial Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Frandsen Financial Corporation's sponsor-wide assets grew 31.8%, from $63M to $83M.

Where does Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan rank by assets among Form 5500 filers? ▼

Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan ranks in the 89th 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 Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan? ▼

Among 401(k) plans in other states, the closest by assets is Carmeuse Lime, Inc. 401(k) Plan for Bargaining Unit Employees in PA ($74M, 822 participants).

Next read for Frandsen Financial Corporation Tax Defer…

Filing takeaways

Ways to act on Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan's numbers.

By total assets, Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Frandsen Financial Corporation's sponsor-wide assets have grown 31.8% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 930848097.