401(k) · DOL Form 5500 · 2023

Frandsen Financial Corporation 401(k) Plan

Data updated 2026-08-25

$74M
Total assets Below avg plan size
494
Participants Below avg headcount
89th
Percentile by assets National rank
$149,004
Avg per participant Above avg balance/head
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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.

  • #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.

#7,362
in Finance & Insurance (8,869 peers)
+16.7%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan's outsized position by total assets

Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan vs every filed plan by assets

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

$73,608,123 Top 11% higher than 89% 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

Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing 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. Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan sits mid-pack in the medium band (494 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

Published 5500 schedule card

Filing strip 930848097 · Frandsen Financial Corporation PY 2023 · 401(k)

Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan · $74M · 494 · 89th

  • VS-ST $74M
  • VS-ST 494
  • VS-ST 89th
  • VS-ST 401(k)
  • VS-ST near Carmeuse Lime, Inc. 401(k) Plan for Bargaining Unit Employees
  • VS-ST ind #7362

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 →

Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan in the asset neighbourhood

Eight Eleven Group, LLC. 401(k) Profit Sharing TrustEight Eleven Group, LLC. 401…$74MD & H 401(k) Plan$74MCarmeuse Lime, Inc. 401(k) Plan for Bargaining Unit EmployeesCarmeuse Lime, Inc. 401(k) P…$74MFrandsen Financial Corporation Tax Deferred Savings and Profit Sharing PlanFrandsen Financial Corporati…$74MA. Raymond Corporate NA, Inc. 401(k) PlanA. Raymond Corporate NA, Inc…$74M
End-of-year total assets ($M) among Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$63M
Net Assets (End of Year)$74M
Net Income$11M
Employer EIN930848097
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Frandsen Financial Corporation)

Sponsor-wide plan assets over time

All Frandsen Financial Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$83M 31.833767138876805% vs 2022
2024 filing year
$60M$70M$80M$90M 202220232024 $63.1M $83.1M ▲ +31.8%
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 Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan, Total assets ($B): 0.073608123 · Participants: 494Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing 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
Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan side-by-side with 3 peers →

Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Carmeuse Lime, Inc. 401(k) Plan for Bargaining Unit Employees in PA ($74M); by covered participants it is Secure2retire Pooled Employer Plan in MD (494 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (494 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 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).
Which 401(k) plans cover a similar participant headcount to Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Secure2retire Pooled Employer Plan in MD (494 participants, N/A 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 930848097.

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.