Other · DOL Form 5500 · 2023
Mayo Clinic Retirement Plan
Data updated 2026-08-11
- $11.2B
- Total assets
- 84,098
- Participants
- 100th
- Percentile by assets
- $133,253
- Avg per participant
Official DOL plan name: Mayo 403(b) Plan · Sponsored by Mayo Clinic · Minnesota · Healthcare & Social Assistance
$11.2B in assets, 84,098 participants
Mayo Clinic's Mayo 403(b) Plan reported $11.2B in total assets and 84,098 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.
- 100th percentile by assets (of 127,072 plans)
- #17,678 in Healthcare & Social Assistance (17,684 peers)
Coverage in Minnesota
Mayo 403(b) Plan covers 84,098 participants in Minnesota, 75x the typical Minnesota plan (state average ~1,126 per filing). Assets: $11.2B.
- $11.2B
- total plan assets (2023 EOY)
- 84,098
- covered participants
- 100th
- percentile by assets (of 127,072 plans)
- $133,253
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Mayo 403(b) Plan reported net income rose from -$1.3B in the plan year 2022 filing to $1.8B in the plan year 2023 filing.
- Mayo 403(b) Plan end-of-year assets rose from $9.5B in the plan year 2022 filing to $11.2B in the plan year 2023 filing.
- Mayo 403(b) Plan reported participants rose from 80,932 in the plan year 2022 filing to 84,098 in the plan year 2023 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Mayo 403(b) Plan reports 84,098 participants - 75x that state average ($11.2B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $9.5B |
|---|---|
| Net Assets (End of Year) | $11.2B |
| Net Income | $1.8B |
| Employer EIN | 416011702 |
| Plan Effective Date | 1971-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Mayo Clinic)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 147,366 | $19.8B |
| 2023 | 2 | 153,253 | $22.2B |
| 2024 | 2 | 157,676 | $24.6B |
Nearby Other Plans in Minnesota
Peer Other plans, same state, same plan type, ranked by total assets.
Mayo 403(b) Plan vs. nearby Other plans in Minnesota, assets vs. participants
- Centracare Health System 403(b) Plan $827M · 9,437
- Childrens Hospitals and Clinics Matched Savings Plan $820M · 5,331
- Carpenters & Joiners Defined Contribution Plan $719M · 21,043
- University of St. Thomas Retirement Plan $422M · 2,481
- Carleton College Defined Contribution Plan $365M · 821
Scale composition for Mayo 403(b) Plan
Mayo 403(b) Plan reports $11.2B in end-of-year assets across 84,098 participants (0.091% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.090% of 93,925,755 covered participants) - about $133,253 per participant (96% of the national average assets-per-participant) . Net income for plan year 2023 was $1.8B.
This plan identity (EIN 416011702, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $9.5B to $12.8B (+35.4%) while covered participants moved from 80,932 to 85,933 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 80,932 | $9.5B | Open filing |
| 2023 | 84,098 | $11.2B | This page |
| 2024 · index core | 85,933 | $12.8B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Mayo 403(b) Plan (Other, $12.8B, 85,933 participants)
- Mayo Pension Plan (Defined Benefit (Pension), $11.8B, 71,743 participants)
Similar-Sized Other Plans Nationally
Other plans in other states closest to Mayo 403(b) Plan by total assets, not by location.
- Stanford Contributory Retirement Plan (CA) $11.0B · 21,674
- Northwell Health 403(b) Plan (NY) $9.9B · 48,676
- The Duke University Faculty and Staff Retirement Plan (NC) $9.0B · 44,809
- The Mount Sinai Medical Center 403(b) Retirement Plan (NY) $8.5B · 30,241
Frequently Asked Questions
How did Mayo 403(b) Plan assets move in 2023? ▼
How have Mayo Clinic plan assets changed over time? ▼
Where does Mayo 403(b) Plan rank by assets among Form 5500 filers? ▼
Which Other plans are similar in size to Mayo 403(b) Plan? ▼
Next read for Mayo 403(b) Plan
Filing takeaways
Ways to act on Mayo 403(b) Plan's numbers.
- By total assets, Mayo 403(b) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Other plans in Minnesota. Compare plans
- Mayo Clinic's sponsor-wide assets have grown 24.6% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans