401(k) · DOL Form 5500 · 2023

Southern Minnesota Beet Sugar Cooperative 401(k) Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets
131
Participants Small participant base
73rd
Percentile by assets National rank
$157,542
Avg per participant Above avg balance/head
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Official DOL plan name: Southern Minnesota Beet Sugar Cooperative 401(k) Plan · Sponsored by Southern Minnesota Beet Sugar Cooperative · Minnesota · Manufacturing

$21M in assets, 131 participants

Southern Minnesota Beet Sugar Cooperative's Southern Minnesota Beet Sugar Cooperative 401(k) Plan reported $21M in total assets and 131 participants in its 2023 DOL Form 5500 filing, ranking in the 73rd 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.

  • #11,839 in Manufacturing (18,722 peers)

Coverage in Minnesota

Southern Minnesota Beet Sugar Cooperative 401(k) Plan covers 131 participants in Minnesota, about 12% of the average Minnesota filer (state average ~1,126 per filing). Assets: $21M.

#11,839
in Manufacturing (18,722 peers)
+21.1%
assets growth YoY

Southern Minnesota Beet Sugar Cooperative 401(k) Plan's outsized position by total assets

Southern Minnesota Beet Sugar Cooperative 401(k) Plan vs every filed plan by assets

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

$20,638,034 Top 27% higher than 73% 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

Southern Minnesota Beet Sugar Cooperative 401(k) 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. Southern Minnesota Beet Sugar Cooperative 401(k) Plan sits mid-pack in the medium band (131 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southern Minnesota Beet Sugar Cooperative 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Southern Minnesota Beet Sugar Cooperative 401(k) Plan reported participants fell from 279 in the plan year 2022 filing to 131 in the plan year 2023 filing.
  • Southern Minnesota Beet Sugar Cooperative 401(k) Plan end-of-year assets rose from $17M in the plan year 2022 filing to $21M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 410997475 · Southern Minnesota Beet Sugar Cooperative PY 2023 · 401(k)

Southern Minnesota Beet Sugar Cooperative 401(k) Plan · $21M · 131 · 73rd

  • ASSETS $21M
  • ASSETS 131
  • ASSETS 73rd
  • ASSETS 401(k)
  • ASSETS near General Logistics Systems US, Inc. 401(k) Plan
  • ASSETS ind #11839

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 Manufacturing retirement plans → · Plans in Minnesota →

Southern Minnesota Beet Sugar Cooperative 401(k) Plan in the asset neighbourhood

Southern Minnesota Beet Sugar Cooperative 401(k) PlanSouthern Minnesota Beet Suga…$21MGeneral Logistics Systems US, Inc. 401(k) PlanGeneral Logistics Systems US…$21MAvixa Savings & Salary Plan$21MCrown Poly, Inc. 401(k) Plan$21MCornell Dubilier Electronics, Inc. 401(k) PlanCornell Dubilier Electronics…$21M
End-of-year total assets ($M) among Southern Minnesota Beet Sugar Cooperative 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$21M
Net Income$3M
Employer EIN410997475
Plan Effective Date1984-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Minnesota Beet Sugar Cooperative)

Sponsor-wide plan assets over time

All Southern Minnesota Beet Sugar Cooperative plans reported in each filing year

Latest sponsor-wide plan assets
$50M 29.36919203426656% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $38.4M $49.7M ▲ +29.4%
Year Plans Participants Total Assets
2022 2 512 $38M
2023 2 339 $43M
2024 2 389 $50M

Nearby 401(k) Plans in Minnesota

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

Southern Minnesota Beet Sugar Cooperative 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Southern Minnesota Beet Sugar Cooperative 401(k) Plan, Total assets ($B): 0.020638034 · Participants: 131Southern Minnesota Beet Sugar Cooperative 401(k) 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
Southern Minnesota Beet Sugar Cooperative 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Southern Minnesota Beet Sugar Cooperative 401(k) Plan side-by-side with 3 peers →

Southern Minnesota Beet Sugar Cooperative 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is General Logistics Systems US, Inc. 401(k) Plan in CA ($21M); by covered participants it is Galen Healthcare Solutions, Inc. 401(k) Plan in IL (131 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($21M here).

Similar participant headcount

Nearest other-state filings by covered participants (131 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 Southern Minnesota Beet Sugar Cooperative 401(k) Plan assets move in 2023? ▼
Southern Minnesota Beet Sugar Cooperative 401(k) Plan grew sharply - up 21.1% during 2023, from $17M to $21M. Reported net income was $3M.
How have Southern Minnesota Beet Sugar Cooperative plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Minnesota Beet Sugar Cooperative's sponsor-wide assets grew 29.4%, from $38M to $50M.
Which 401(k) plans are similar in size to Southern Minnesota Beet Sugar Cooperative 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is General Logistics Systems US, Inc. 401(k) Plan in CA ($21M, 1,273 participants).
Which 401(k) plans cover a similar participant headcount to Southern Minnesota Beet Sugar Cooperative 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Galen Healthcare Solutions, Inc. 401(k) Plan in IL (131 participants, N/A 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 410997475.

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.