401(k) · DOL Form 5500 · 2023

Dakota Electric Association 401(k) Plan

Data updated 2026-08-25

$66M
Total assets Below avg plan size
177
Participants Small participant base
88th
Percentile by assets National rank
$374,623
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Dakota Electric Association Employee 401(k) Plan · Sponsored by Dakota Electric Association · Minnesota · Utilities

$66M in assets, 177 participants

Dakota Electric Association's Dakota Electric Association Employee 401(k) Plan reported $66M in total assets and 177 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #414 in Utilities (721 peers)

Coverage in Minnesota

Dakota Electric Association Employee 401(k) Plan covers 177 participants in Minnesota, about 16% of the average Minnesota filer (state average ~1,126 per filing). Assets: $66M.

#414
in Utilities (721 peers)
+5.6%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Dakota Electric Association Employee 401(k) Plan's outsized position by total assets

Dakota Electric Association Employee 401(k) Plan vs every filed plan by assets

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

$66,308,256 Top 12% higher than 88% 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

Dakota Electric Association Employee 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. Dakota Electric Association Employee 401(k) Plan sits mid-pack in the medium band (177 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Dakota Electric Association Employee 401(k) Plan reported net income rose from -$21M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Dakota Electric Association Employee 401(k) Plan end-of-year assets rose from $63M in the plan year 2022 filing to $66M in the plan year 2023 filing.
  • Dakota Electric Association Employee 401(k) Plan reported participants fell from 180 in the plan year 2022 filing to 177 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 410212180 · Dakota Electric Association PY 2023 · 401(k)

Dakota Electric Association Employee 401(k) Plan · $66M · 177 · 88th

  • 5500 $66M
  • ASSETS 177
  • PCT 88th
  • EIN 401(k)
  • RANK near Wachter Employees' 401(k) Profit Sharing Plan
  • PHOTO ind #414

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 Utilities retirement plans → · Plans in Minnesota →

Dakota Electric Association Employee 401(k) Plan in the asset neighbourhood

Schmidbauer Lumber Sawmills 401(k) PlanSchmidbauer Lumber Sawmills …$66MDakota Electric Association Employee 401(k) PlanDakota Electric Association …$66MWachter Employees' 401(k) Profit Sharing PlanWachter Employees' 401(k) Pr…$66MNutreco USA 401(k) Plan$66MRemington Products Company 401(k) Plan and TrustRemington Products Company 4…$66M
End-of-year total assets ($M) among Dakota Electric Association Employee 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$63M
Net Assets (End of Year)$66M
Net Income$4M
Employer EIN410212180
Plan Effective Date1978-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Dakota Electric Association)

Sponsor-wide plan assets over time

All Dakota Electric Association plans reported in each filing year

Latest sponsor-wide plan assets
$75M 20.136999502122237% vs 2022
2024 filing year
$60M$65M$70M$75M$80M 202220232024 $62.8M $75.5M ▲ +20.1%
Year Plans Participants Total Assets
2022 1 180 $63M
2023 1 177 $66M
2024 1 189 $75M

Nearby 401(k) Plans in Minnesota

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

Dakota Electric Association Employee 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Dakota Electric Association Employee 401(k) Plan, Total assets ($B): 0.066308256 · Participants: 177Dakota Electric Association Employee 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
Dakota Electric Association Employee 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Dakota Electric Association Employee 401(k) Plan side-by-side with 3 peers →

Dakota Electric Association Employee 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Wachter Employees' 401(k) Profit Sharing Plan in KS ($66M); by covered participants it is Purolite 401(k) Plan in PA (177 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($66M here).

Similar participant headcount

Nearest other-state filings by covered participants (177 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 Dakota Electric Association Employee 401(k) Plan assets move in 2023? ▼
Dakota Electric Association Employee 401(k) Plan grew at a solid clip - up 5.6% during 2023, from $63M to $66M. Reported net income was $4M.
How have Dakota Electric Association plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Dakota Electric Association's sponsor-wide assets grew 20.1%, from $63M to $75M.
Where does Dakota Electric Association Employee 401(k) Plan rank by assets among Form 5500 filers? ▼
Dakota Electric Association Employee 401(k) Plan ranks in the 88th 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 Dakota Electric Association Employee 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wachter Employees' 401(k) Profit Sharing Plan in KS ($66M, 1,300 participants).
Which 401(k) plans cover a similar participant headcount to Dakota Electric Association Employee 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Purolite 401(k) Plan in PA (177 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 410212180.

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.