401(k) · DOL Form 5500 · 2023

Mayo Holding Company 401(k) Plan

Data updated 2026-08-25

$743M
Total assets Above avg plan size
4,149
Participants Above avg headcount
98th
Percentile by assets National rank
$179,128
Avg per participant Above avg balance/head
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Official DOL plan name: Mayo Retirement Savings Plan · Sponsored by Mayo Holding Company · Minnesota · Healthcare & Social Assistance

$743M in assets, 4,149 participants

Mayo Holding Company's Mayo Retirement Savings Plan reported $743M in total assets and 4,149 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #17,396 in Healthcare & Social Assistance (17,684 peers)

Coverage in Minnesota

Mayo Retirement Savings Plan covers 4,149 participants in Minnesota, 3.7x the typical Minnesota plan (state average ~1,126 per filing). Assets: $743M.

#17,396
in Healthcare & Social Assistance (17,684 peers)
+4.6%
assets growth YoY
7.5×
vs typical plan assets (national mean)

Mayo Retirement Savings Plan's outsized position by total assets

Mayo Retirement Savings Plan vs every filed plan by assets

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

$743,201,814 Top 2% higher than 98% 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

Mayo Retirement Savings Plan's large-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 Retirement Savings Plan lands in the large band (4,149 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mayo Retirement Savings Plan reported net income rose from -$195M in the plan year 2022 filing to $33M in the plan year 2023 filing.
  • Mayo Retirement Savings Plan reported participants fell from 4,637 in the plan year 2022 filing to 4,149 in the plan year 2023 filing.
  • Mayo Retirement Savings Plan end-of-year assets rose from $711M in the plan year 2022 filing to $743M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 411578020 · Mayo Holding Company PY 2023 · 401(k)

Mayo Retirement Savings Plan · $743M · 4,149 · 98th

  • ASSETS $743M
  • ASSETS 4,149
  • ASSETS 98th
  • ASSETS 401(k)
  • ASSETS near Estes Express Lines 401(k) Retirement Plan
  • ASSETS ind #17396

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 Retirement Savings Plan in the asset neighbourhood

Mayo Retirement Savings Plan$743MEstes Express Lines 401(k) Retirement PlanEstes Express Lines 401(k) R…$743MBlackstone 401(k) Savings PlanBlackstone 401(k) Savings Pl…$742MEssilorluxottica Retirement Savings Plan 2Essilorluxottica Retirement …$742MFox Rothschild LLP Retirement Savings PlanFox Rothschild LLP Retiremen…$742M
End-of-year total assets ($M) among Mayo Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$711M
Net Assets (End of Year)$743M
Net Income$33M
Employer EIN411578020
Plan Effective Date1987-08-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Mayo Holding Company)

Sponsor-wide plan assets over time

All Mayo Holding Company plans reported in each filing year

Latest sponsor-wide plan assets
$762M 7.24376125276547% vs 2022
2024 filing year
$700M$720M$740M$760M$780M 202220232024 $711M $762M ▲ +7.2%
Year Plans Participants Total Assets
2022 1 4,637 $711M
2023 1 4,149 $743M
2024 1 3,813 $762M

Nearby 401(k) Plans in Minnesota

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

Mayo Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Mayo Retirement Savings Plan, Total assets ($B): 0.743201814 · Participants: 4149Mayo Retirement Savings 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
Mayo Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Mayo Retirement Savings Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Estes Express Lines 401(k) Retirement Plan in VA ($743M); by covered participants it is Insperity Corporate 401(k) Plan in TX (4,147 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($743M here).

Similar participant headcount

Nearest other-state filings by covered participants (4,149 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 Mayo Retirement Savings Plan assets move in 2023? ▼
Mayo Retirement Savings Plan edged up modestly - up 4.6% during 2023, from $711M to $743M. Reported net income was $33M.
How have Mayo Holding Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mayo Holding Company's sponsor-wide assets grew 7.2%, from $711M to $762M.
Where does Mayo Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Mayo Retirement Savings Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Mayo Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Estes Express Lines 401(k) Retirement Plan in VA ($743M, 18,563 participants).
Which 401(k) plans cover a similar participant headcount to Mayo Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Insperity Corporate 401(k) Plan in TX (4,147 participants, $549M 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 411578020.

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.