Other · DOL Form 5500 · 2023

Groves Academy Retirement Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
133
Participants Small participant base
61st
Percentile by assets National rank
$83,852
Avg per participant Below avg balance/head
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Official DOL plan name: Groves Academy Defined Contribution Retirement Plan · Sponsored by Groves Academy · Minnesota · Educational Services

$11M in assets, 133 participants

Groves Academy's Groves Academy Defined Contribution Retirement Plan reported $11M in total assets and 133 participants in its 2023 DOL Form 5500 filing, ranking in the 61st 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.

  • #1,647 in Educational Services (3,735 peers)

Coverage in Minnesota

Groves Academy Defined Contribution Retirement Plan covers 133 participants in Minnesota, about 12% of the average Minnesota filer (state average ~1,126 per filing). Assets: $11M.

#1,647
in Educational Services (3,735 peers)
+9.8%
assets growth YoY

Groves Academy Defined Contribution Retirement Plan's mid-pack asset rank among Educational Services and all filers

Groves Academy Defined Contribution Retirement Plan vs every filed plan by assets

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

$11,152,359 Top 39% higher than 61% 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

Groves Academy Defined Contribution Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Groves Academy Defined Contribution Retirement Plan sits mid-pack in the medium band (133 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Groves Academy Defined Contribution Retirement Plan reported net income rose from -$2M in the plan year 2022 filing to $992K in the plan year 2023 filing.
  • Groves Academy Defined Contribution Retirement Plan end-of-year assets rose from $10M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Groves Academy Defined Contribution Retirement Plan reported participants fell from 136 in the plan year 2022 filing to 133 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 410979871 · Groves Academy PY 2023 · Other

Groves Academy Defined Contribution Retirement Plan · $11M · 133 · 61st

  • ASSETS $11M
  • ASSETS 133
  • ASSETS 61st
  • ASSETS Other
  • ASSETS near Ashe Memorial Hospital 403(b) Plan
  • ASSETS ind #1647

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 Educational Services retirement plans → · Plans in Minnesota →

Groves Academy Defined Contribution Retirement Plan in the asset neighbourhood

Groves Academy Defined Contribution Retirement PlanGroves Academy Defined Contr…$11MAshe Memorial Hospital 403(b) PlanAshe Memorial Hospital 403(b…$11MGirls Preparatory School 403(b) DC PlanGirls Preparatory School 403…$11MNetcare Corporation Tax Deferred Annuity PlanNetcare Corporation Tax Defe…$11MOregon Health & Science University Foundation 403(b) PlanOregon Health & Science Univ…$11M
End-of-year total assets ($M) among Groves Academy Defined Contribution Retirement Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$11M
Net Income$992K
Employer EIN410979871
Plan Effective Date1974-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Groves Academy)

Sponsor-wide plan assets over time

All Groves Academy plans reported in each filing year

Latest sponsor-wide plan assets
$12M 16.203121007748976% vs 2022
2024 filing year
$9.5M$10M$10.5M$11M$11.5M$12M 202220232024 $10.2M $11.8M ▲ +16.2%
Year Plans Participants Total Assets
2022 1 136 $10M
2023 1 133 $11M
2024 1 140 $12M

Nearby Other Plans in Minnesota

Peer Other plans, same state, same plan type, ranked by total assets.

Groves Academy Defined Contribution Retirement Plan vs. nearby Other plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants Groves Academy Defined Contribution Retirement Plan, Total assets ($B): 0.011152359 · Participants: 133Groves Academy Defined Contribution Retirement PlanMayo 403(b) Plan, Total assets ($B): 11.206302019 · Participants: 84098Mayo 403(b) PlanCentracare Health System 403(b) Plan, Total assets ($B): 0.826746245 · Participants: 9437Centracare Health System 403(b) PlanChildrens Hospitals and Clinics Matched Savings Plan, Total assets ($B): 0.820036853 · Participants: 5331Childrens Hospitals and Clinics Matched Savings PlanCarpenters & Joiners Defined Contribution Plan, Total assets ($B): 0.718854174 · Participants: 21043Carpenters & Joiners Defined Contribution PlanUniversity of St. Thomas Retirement Plan, Total assets ($B): 0.4224871 · Participants: 2481University of St. Thomas Retirement Plan
Groves Academy Defined Contribution Retirement Plan vs. nearby Other plans in Minnesota, assets vs. participants
Compare Groves Academy Defined Contribution Retirement Plan side-by-side with 3 peers →

Groves Academy Defined Contribution Retirement Plan's out-of-state Other peers by assets and headcount

Outside Minnesota, the nearest Other by assets is Ashe Memorial Hospital 403(b) Plan in NC ($11M); by covered participants it is University of Western States 403(b) Plan in OR (133 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (133 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 Groves Academy Defined Contribution Retirement Plan assets move in 2023? ▼
Groves Academy Defined Contribution Retirement Plan grew at a solid clip - up 9.8% during 2023, from $10M to $11M. Reported net income was $992K.
How have Groves Academy plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Groves Academy's sponsor-wide assets grew 16.2%, from $10M to $12M.
Which Other plans are similar in size to Groves Academy Defined Contribution Retirement Plan? ▼
Among Other plans in other states, the closest by assets is Ashe Memorial Hospital 403(b) Plan in NC ($11M, 336 participants).
Which Other plans cover a similar participant headcount to Groves Academy Defined Contribution Retirement Plan? ▼
Among Other plans in other states, the closest by covered participants is University of Western States 403(b) Plan in OR (133 participants, $38M 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 410979871.

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.