401(k) · DOL Form 5500 · 2023

Mayo Clinic Health System - Mankato 401(k) Plan

Data updated 2026-08-25

$249M
Total assets Near avg plan size
2,618
Participants Above avg headcount
96th
Percentile by assets National rank
$95,109
Avg per participant Below avg balance/head
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Official DOL plan name: Mayo Clinic Health System 401(a) Plan · Sponsored by Mayo Clinic Health System - Mankato · Minnesota · Healthcare & Social Assistance

$249M in assets, 2,618 participants

Mayo Clinic Health System - Mankato's Mayo Clinic Health System 401(a) Plan reported $249M in total assets and 2,618 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #16,971 in Healthcare & Social Assistance (17,684 peers)

Coverage in Minnesota

Mayo Clinic Health System 401(a) Plan covers 2,618 participants in Minnesota, 2.3x the typical Minnesota plan (state average ~1,126 per filing). Assets: $249M.

#16,971
in Healthcare & Social Assistance (17,684 peers)
+8.2%
assets growth YoY
2.5×
vs typical plan assets (national mean)

Mayo Clinic Health System 401(a) Plan's outsized position by total assets

Mayo Clinic Health System 401(a) Plan vs every filed plan by assets

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

$248,995,276 Top 4% higher than 96% 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 Clinic Health System 401(a) 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 Clinic Health System 401(a) Plan lands in the large band (2,618 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mayo Clinic Health System 401(a) Plan reported net income rose from -$67M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • Mayo Clinic Health System 401(a) Plan reported participants fell from 2,893 in the plan year 2022 filing to 2,618 in the plan year 2023 filing.
  • Mayo Clinic Health System 401(a) Plan end-of-year assets rose from $230M in the plan year 2022 filing to $249M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 411236756 · Mayo Clinic Health System - Mankato PY 2023 · 401(k)

Mayo Clinic Health System 401(a) Plan · $249M · 2,618 · 96th

  • SCH $249M
  • EBSA 2,618
  • PART 96th
  • TYPE 401(k)
  • NET near Loews Hotels 401(k) Plan
  • BOOK ind #16971

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 Clinic Health System 401(a) Plan in the asset neighbourhood

Tailored Brands 401(k) Savings PlanTailored Brands 401(k) Savin…$249MRadiology Associates of North Texas, P.a. Savings and Investment PlanRadiology Associates of Nort…$249MMayo Clinic Health System 401(a) PlanMayo Clinic Health System 40…$249MLoews Hotels 401(k) Plan$249MFruit of the Loom 401(k) Retirement Savings PlanFruit of the Loom 401(k) Ret…$249M
End-of-year total assets ($M) among Mayo Clinic Health System 401(a) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$230M
Net Assets (End of Year)$249M
Net Income$19M
Employer EIN411236756
Plan Effective Date1974-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mayo Clinic Health System - Mankato)

Sponsor-wide plan assets over time

All Mayo Clinic Health System - Mankato plans reported in each filing year

Latest sponsor-wide plan assets
$256M 11.332721512337757% vs 2022
2024 filing year
$220M$230M$240M$250M$260M 202220232024 $230M $256M ▲ +11.3%
Year Plans Participants Total Assets
2022 1 2,893 $230M
2023 1 2,618 $249M
2024 1 2,460 $256M

Nearby 401(k) Plans in Minnesota

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

Mayo Clinic Health System 401(a) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Mayo Clinic Health System 401(a) Plan, Total assets ($B): 0.248995276 · Participants: 2618Mayo Clinic Health System 401(a) 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 Clinic Health System 401(a) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Mayo Clinic Health System 401(a) Plan side-by-side with 3 peers →

Mayo Clinic Health System 401(a) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Loews Hotels 401(k) Plan in NY ($249M); by covered participants it is Fellowship of Christian Athletes Retirement/401(k) Plan in MO (2,618 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($249M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,618 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 Clinic Health System 401(a) Plan assets move in 2023? ▼
Mayo Clinic Health System 401(a) Plan grew at a solid clip - up 8.2% during 2023, from $230M to $249M. Reported net income was $19M.
How have Mayo Clinic Health System - Mankato plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mayo Clinic Health System - Mankato's sponsor-wide assets grew 11.3%, from $230M to $256M.
Where does Mayo Clinic Health System 401(a) Plan rank by assets among Form 5500 filers? ▼
Mayo Clinic Health System 401(a) Plan ranks in the 96th 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 Clinic Health System 401(a) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Loews Hotels 401(k) Plan in NY ($249M, 10,029 participants).
Which 401(k) plans cover a similar participant headcount to Mayo Clinic Health System 401(a) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Fellowship of Christian Athletes Retirement/401(k) Plan in MO (2,618 participants, $99M 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 411236756.

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.