401(k) · DOL Form 5500 · 2023
Olmsted Medical Center 401(k) Plan
Data updated 2026-08-11
- $270M
- Total assets
- 1,340
- Participants
- 96th
- Percentile by assets
- $201,351
- Avg per participant
Official DOL plan name: Olmsted Medical Center Retirement Savings Plan · Sponsored by Olmsted Medical Center · Minnesota · Healthcare & Social Assistance
$270M in assets, 1,340 participants
Olmsted Medical Center's Olmsted Medical Center Retirement Savings Plan reported $270M in total assets and 1,340 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.
- 96th percentile by assets (of 127,072 plans)
- #17,014 in Healthcare & Social Assistance (17,684 peers)
Where Olmsted Medical Center Retirement Savings Plan sits by assets
Olmsted Medical Center Retirement Savings Plan sits in the top 5% of all filed plans by assets, $270M for 1,340 participants (~$201,351/participant), up 16.8% in 2023.
- $270M
- total plan assets (2023 EOY)
- 1,340
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $201,351
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Olmsted Medical Center Retirement Savings Plan reported net income rose from -$52M in the plan year 2022 filing to $39M in the plan year 2023 filing.
- Olmsted Medical Center Retirement Savings Plan end-of-year assets rose from $231M in the plan year 2022 filing to $270M in the plan year 2023 filing.
- Olmsted Medical Center Retirement Savings Plan reported participants rose from 1,286 in the plan year 2022 filing to 1,340 in the plan year 2023 filing.
Olmsted Medical Center Retirement Savings Plan vs the 2023 asset distribution
By assets, Olmsted Medical Center Retirement Savings Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.7x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $231M |
|---|---|
| Net Assets (End of Year) | $270M |
| Net Income | $39M |
| Employer EIN | 410855367 |
| Plan Effective Date | 1963-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Olmsted Medical Center)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,286 | $231M |
| 2023 | 1 | 1,340 | $270M |
| 2024 | 1 | 1,364 | $303M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Olmsted Medical Center Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Olmsted Medical Center Retirement Savings Plan by total assets, not by location.
- Brookhaven Memorial Hospital Medical Center Dba Long Island Community Hospital Retirement Savings Plan (NY) $270M · 1,457
- Boston Properties Retirement Savings Plan (MA) $270M · 688
- Apex Tool Group, LLC 401(k) Savings Plan (MD) $270M · 1,396
- The Wendy's Company 401(k) Retirement Plan (OH) $270M · 8,373
Frequently Asked Questions
How did Olmsted Medical Center Retirement Savings Plan assets move in 2023? ▼
How have Olmsted Medical Center plan assets changed over time? ▼
Where does Olmsted Medical Center Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Olmsted Medical Center Retirement Savings Plan? ▼
Next read for Olmsted Medical Center Retirement Saving…
Scale reading
Ways to act on Olmsted Medical Center Retirement Savings Plan's numbers.
- By total assets, Olmsted Medical Center Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Olmsted Medical Center's sponsor-wide assets have grown 31.4% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans