401(k) · DOL Form 5500 · 2023

Minnesota Life Insurance Company 401(k) Plan

Data updated 2026-08-25

$43M
Total assets Below avg plan size
917
Participants Near avg headcount
84th
Percentile by assets National rank
$46,609
Avg per participant Low balance/head
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Official DOL plan name: Advisor 401(k) Retirement Plan · Sponsored by Minnesota Life Insurance Company · Minnesota · Finance & Insurance

$43M in assets, 917 participants

Minnesota Life Insurance Company's Advisor 401(k) Retirement Plan reported $43M in total assets and 917 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,667 in Finance & Insurance (8,869 peers)

Where Advisor 401(k) Retirement Plan sits by assets

Advisor 401(k) Retirement Plan sits in the top quartile of all filed plans by assets, $43M for 917 participants (~$46,609/participant), down 66.9% in 2023.

#6,667
in Finance & Insurance (8,869 peers)
-66.9%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $86M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Advisor 401(k) Retirement Plan's outsized position by total assets

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

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

$42,740,757 Top 16% higher than 84% 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

Advisor 401(k) 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. Advisor 401(k) Retirement Plan sits mid-pack in the medium band (917 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Advisor 401(k) Retirement Plan reported net income fell from -$30M in the plan year 2022 filing to -$86M in the plan year 2023 filing.
  • Advisor 401(k) Retirement Plan end-of-year assets fell from $129M in the plan year 2022 filing to $43M in the plan year 2023 filing.
  • Advisor 401(k) Retirement Plan reported participants fell from 987 in the plan year 2022 filing to 917 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410417830 · Minnesota Life Insurance Company PY 2023 · 401(k)

Advisor 401(k) Retirement Plan · $43M · 917 · 84th

  • EBSA $43M
  • EBSA 917
  • EBSA 84th
  • EBSA 401(k)
  • EBSA near Pacific Companies 401(k) Plan
  • EBSA ind #6667

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 Finance & Insurance retirement plans → · Plans in Minnesota →

Advisor 401(k) Retirement Plan in the asset neighbourhood

Pacific Companies 401(k) Plan$43MAdvisor 401(k) Retirement PlanAdvisor 401(k) Retirement Pl…$43MGreene, Tweed & Co. , Inc. Union Employees 401(k) Savings PlanGreene, Tweed & Co. , Inc. U…$43MThe Ridgeview Industries Retirement Savings PlanThe Ridgeview Industries Ret…$43MJmac, Inc. 401(k) Plan$43M
End-of-year total assets ($M) among Advisor 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$129M
Net Assets (End of Year)$43M
Net Income-$86M
Employer EIN410417830
Plan Effective Date1988-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnesota Life Insurance Company)

Sponsor-wide plan assets over time

All Minnesota Life Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$43M 66.86682733102509% vs 2022
2023 filing year
$0M$50M$100M$150M 20222023 $129M $42.7M ▼ -66.9%
Year Plans Participants Total Assets
2022 2 1,267 $129M
2023 2 1,300 $43M

Nearby 401(k) Plans in Minnesota

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

Advisor 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Advisor 401(k) Retirement Plan, Total assets ($B): 0.042740757 · Participants: 917Advisor 401(k) Retirement 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
Advisor 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Advisor 401(k) Retirement Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Pacific Companies 401(k) Plan in AZ ($43M); by covered participants it is Wendpartners 401(k) Plan in NY (917 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($43M here).

Similar participant headcount

Nearest other-state filings by covered participants (917 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 Advisor 401(k) Retirement Plan assets move in 2023? ▼
Advisor 401(k) Retirement Plan contracted severely - down 66.9% during 2023, from $129M to $43M. Reported net income was -$86M.
How have Minnesota Life Insurance Company plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Minnesota Life Insurance Company's sponsor-wide assets declined 66.9%, from $129M to $43M.
Where does Advisor 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Advisor 401(k) Retirement Plan ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Advisor 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Pacific Companies 401(k) Plan in AZ ($43M, 67 participants).
Which 401(k) plans cover a similar participant headcount to Advisor 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Wendpartners 401(k) Plan in NY (917 participants, $12M 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 410417830.

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.