Other · DOL Form 5500 · 2023
Mayo Clinic Retirement Plan
Data updated 2026-08-25
- $11.2B
- Total assets Mega-plan scale
- 84,098
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $133,253
- Avg per participant Near avg balance/head
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.
- #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.
- #17,678
- in Healthcare & Social Assistance (17,684 peers)
- +18.5%
- assets growth YoY
- 112×
- vs typical plan assets (national mean)
Mayo 403(b) Plan's outsized position by total assets
Mayo 403(b) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$11,206,302,019 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Mayo 403(b) Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mayo 403(b) Plan is a mega filing (84,098 participants), the rightmost band on the breakdown.
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.
DOL schedule card
Filing strip 416011702 · Mayo Clinic PY 2023 · Other
Mayo 403(b) Plan · $11.2B · 84,098 · 100th
- BOY $11.2B
- BOY 84,098
- BOY 100th
- BOY Other
- BOY near Stanford Contributory Retirement Plan
- BOY ind #17678
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 Healthcare & Social Assistance retirement plans → · Plans in Minnesota →
Mayo 403(b) Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Mayo Clinic plans reported in each filing year
- Latest sponsor-wide plan assets
- $24.6B 24.614502961338893% vs 2022
- 2024 filing year
| 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.
- 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)
Mayo 403(b) Plan's out-of-state Other peers by assets and headcount
Outside Minnesota, the nearest Other by assets is Stanford Contributory Retirement Plan in CA ($11.0B); by covered participants it is Upmc 403(b) Retirement Savings Plan in PA (78,261 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($11.2B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (84,098 participants); asset peers above are excluded.
- Upmc 403(b) Retirement Savings Plan (PA) 78,261 · 5,837 off
- Sutter Health 403(b) Savings Plan (CA) 50,273 · 33,825 off
- Fca US LLC UAW Savings Plan (MI) 49,473 · 34,625 off
- The University of Pennsylvania Health System 403(b) Retirement Savings Plan (PA) 41,942 · 42,156 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.