401(k) · DOL Form 5500 · 2023

Stearns Financial Services, Inc. 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
469
Participants Below avg headcount
79th
Percentile by assets National rank
$62,036
Avg per participant Low balance/head
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Official DOL plan name: Stearns Financial Services, Inc. 401(k) Plan and Trust · Sponsored by Stearns Financial Services, Inc. · Minnesota · Finance & Insurance

$29M in assets, 469 participants

Stearns Financial Services, Inc.'s Stearns Financial Services, Inc. 401(k) Plan and Trust reported $29M in total assets and 469 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #5,985 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Stearns Financial Services, Inc. 401(k) Plan and Trust covers 469 participants in Minnesota, about 42% of the average Minnesota filer (state average ~1,126 per filing). Assets: $29M.

#5,985
in Finance & Insurance (8,869 peers)
+31.3%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Stearns Financial Services, Inc. 401(k) Plan and Trust's outsized position by total assets

Stearns Financial Services, Inc. 401(k) Plan and Trust vs every filed plan by assets

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

$29,095,104 Top 21% higher than 79% 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

Stearns Financial Services, Inc. 401(k) Plan and Trust 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. Stearns Financial Services, Inc. 401(k) Plan and Trust sits mid-pack in the medium band (469 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Stearns Financial Services, Inc. 401(k) Plan and Trust reported net income rose from -$4M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Stearns Financial Services, Inc. 401(k) Plan and Trust end-of-year assets rose from $22M in the plan year 2022 filing to $29M in the plan year 2023 filing.
  • Stearns Financial Services, Inc. 401(k) Plan and Trust reported participants rose from 461 in the plan year 2022 filing to 469 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 411655119 · Stearns Financial Services, Inc. PY 2023 · 401(k)

Stearns Financial Services, Inc. 401(k) Plan and Trust · $29M · 469 · 79th

  • EBSA $29M
  • PART 469
  • TYPE 79th
  • NET 401(k)
  • BOOK near U.S. Battery Manufacturing 401(k) Savings Plan
  • VS-ST ind #5985

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 →

Stearns Financial Services, Inc. 401(k) Plan and Trust in the asset neighbourhood

Stearns Financial Services, Inc. 401(k) Plan and TrustStearns Financial Services, …$29MOrthopaedic Centers of Wisconsin, S.C. 401(k) PlanOrthopaedic Centers of Wisco…$29MAffinitiv 401(k) Plan$29MHome Market Foods, Inc. 401(k) PlanHome Market Foods, Inc. 401(…$29MU.S. Battery Manufacturing 401(k) Savings PlanU.S. Battery Manufacturing 4…$29M
End-of-year total assets ($M) among Stearns Financial Services, Inc. 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$29M
Net Income$7M
Employer EIN411655119
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Stearns Financial Services, Inc.)

Sponsor-wide plan assets over time

All Stearns Financial Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$181M 9.238791178114727% vs 2022
2024 filing year
$150M$160M$170M$180M$190M 202220232024 $165M $181M ▲ +9.2%
Year Plans Participants Total Assets
2022 2 972 $165M
2023 2 963 $161M
2024 2 1,001 $181M

Nearby 401(k) Plans in Minnesota

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

Stearns Financial Services, Inc. 401(k) Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Stearns Financial Services, Inc. 401(k) Plan and Trust, Total assets ($B): 0.029095104 · Participants: 469Stearns Financial Services, Inc. 401(k) Plan and TrustUnitedhealth 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
Stearns Financial Services, Inc. 401(k) Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Stearns Financial Services, Inc. 401(k) Plan and Trust side-by-side with 3 peers →

Stearns Financial Services, Inc. 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is U.S. Battery Manufacturing 401(k) Savings Plan in CA ($29M); by covered participants it is Mgs Employee 401(k) Plan in WI (469 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($29M here).

Similar participant headcount

Nearest other-state filings by covered participants (469 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 Stearns Financial Services, Inc. 401(k) Plan and Trust assets move in 2023? ▼
Stearns Financial Services, Inc. 401(k) Plan and Trust surged - up 31.3% during 2023, from $22M to $29M. Reported net income was $7M.
How have Stearns Financial Services, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Stearns Financial Services, Inc.'s sponsor-wide assets grew 9.2%, from $165M to $181M.
Where does Stearns Financial Services, Inc. 401(k) Plan and Trust rank by assets among Form 5500 filers? ▼
Stearns Financial Services, Inc. 401(k) Plan and Trust ranks in the 79th 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 Stearns Financial Services, Inc. 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is U.S. Battery Manufacturing 401(k) Savings Plan in CA ($29M, 345 participants).
Which 401(k) plans cover a similar participant headcount to Stearns Financial Services, Inc. 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Mgs Employee 401(k) Plan in WI (469 participants, $54M 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 411655119.

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.