401(k) · DOL Form 5500 · 2023

Ucare Minnesota 401(k) Plan

Data updated 2026-08-11

$123M
Total assets
1,326
Participants
92nd
Percentile by assets
$92,494
Avg per participant
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Official DOL plan name: Ucare 401(k) Retirement Savings Plan · Sponsored by Ucare Minnesota · Minnesota · Finance & Insurance

$123M in assets, 1,326 participants

Ucare Minnesota's Ucare 401(k) Retirement Savings Plan reported $123M in total assets and 1,326 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

  • 92nd percentile by assets (of 127,072 plans)
  • #7,844 in Finance & Insurance (8,869 peers)

Where Ucare 401(k) Retirement Savings Plan sits by assets

Ucare 401(k) Retirement Savings Plan sits in the top 10% of all filed plans by assets, $123M for 1,326 participants (~$92,494/participant), up 28.5% in 2023.

$123M
total plan assets (2023 EOY)
1,326
covered participants
92nd
percentile by assets (of 127,072 plans)
$92,494
avg assets per participant

Where Ucare 401(k) Retirement Savings Plan sits by total assets

Ucare 401(k) Retirement Savings Plan vs every filed plan by assets

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

$122,647,234 Top 8% higher than 92% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ucare 401(k) Retirement Savings Plan reported net income rose from -$10M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • Ucare 401(k) Retirement Savings Plan end-of-year assets rose from $95M in the plan year 2022 filing to $123M in the plan year 2023 filing.
  • Ucare 401(k) Retirement Savings Plan reported participants rose from 1,090 in the plan year 2022 filing to 1,326 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Minnesota
Industry
Finance & Insurance

Ucare 401(k) Retirement Savings Plan vs the 2023 asset distribution

By assets, Ucare 401(k) Retirement Savings Plan outranks 92% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.2x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$95M
Net Assets (End of Year)$123M
Net Income$27M
Employer EIN363573805
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ucare Minnesota)

$80M$100M$120M$140M$160M 202220232024 $95.4M $150M ▲ +57.5%
Total plan assets by year, all Ucare Minnesota plans on file
Year Plans Participants Total Assets
2022 1 1,090 $95M
2023 1 1,326 $123M
2024 1 1,614 $150M

Nearby 401(k) Plans in Minnesota

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

Ucare 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Ucare 401(k) Retirem…, Total assets ($B): 0.122647234 · Participants: 1326Ucare 401(k) Retirem…Unitedhealth Group 4…, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 4…Target Corporation 4…, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 4…Medtronic Savings an…, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings an…3M Voluntary Investm…, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investm…U.S. Bank 401(k) Sav…, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Sav…
Ucare 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Ucare 401(k) Retirement Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Ucare 401(k) Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Ucare 401(k) Retirement Savings Plan assets move in 2023? ▼
Ucare 401(k) Retirement Savings Plan grew sharply - up 28.5% during 2023, from $95M to $123M. Reported net income was $27M.
How have Ucare Minnesota plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ucare Minnesota's sponsor-wide assets grew 57.5%, from $95M to $150M.
Where does Ucare 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Ucare 401(k) Retirement Savings Plan ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Ucare 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is First Community Bancshares, Inc.Employees' Profit Sharing Plan in TX ($123M, 2,101 participants).

Next read for Ucare 401(k) Retirement Savings Plan

Scale reading

Ways to act on Ucare 401(k) Retirement Savings Plan's numbers.

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 363573805.

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.