401(k) · DOL Form 5500 · 2023

Mayo Employees Federal Credit Union 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
112
Participants Small participant base
43rd
Percentile by assets National rank
$40,718
Avg per participant Low balance/head
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Official DOL plan name: Mayo Employees Federal Credit Union 401(k) Plan · Sponsored by Mayo Employees Federal Credit Union · Minnesota · Finance & Insurance

$5M in assets, 112 participants

Mayo Employees Federal Credit Union's Mayo Employees Federal Credit Union 401(k) Plan reported $5M in total assets and 112 participants in its 2023 DOL Form 5500 filing, ranking in the 43rd 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.

  • #2,655 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Mayo Employees Federal Credit Union 401(k) Plan covers 112 participants in Minnesota, about 10% of the average Minnesota filer (state average ~1,126 per filing). Assets: $5M.

#2,655
in Finance & Insurance (8,869 peers)
+44.5%
assets growth YoY

Mayo Employees Federal Credit Union 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

Mayo Employees Federal Credit Union 401(k) Plan vs every filed plan by assets

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

$4,560,382 43rd percentile higher than 43% 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

Mayo Employees Federal Credit Union 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. Mayo Employees Federal Credit Union 401(k) Plan sits mid-pack in the medium band (112 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mayo Employees Federal Credit Union 401(k) Plan reported net income rose from $9K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Mayo Employees Federal Credit Union 401(k) Plan end-of-year assets rose from $3M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Mayo Employees Federal Credit Union 401(k) Plan reported participants fell from 120 in the plan year 2022 filing to 112 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 410400045 · Mayo Employees Federal Credit Union PY 2023 · 401(k)

Mayo Employees Federal Credit Union 401(k) Plan · $5M · 112 · 43rd

  • PCT $5M
  • EIN 112
  • RANK 43rd
  • PHOTO 401(k)
  • IND near Vintage Stock Safe Harbor 401(k)Plan
  • EOY ind #2655

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 →

Mayo Employees Federal Credit Union 401(k) Plan in the asset neighbourhood

Mayo Employees Federal Credit Union 401(k) PlanMayo Employees Federal Credi…$5MVintage Stock Safe Harbor 401(k)PlanVintage Stock Safe Harbor 40…$5MTransparently 401(k) Plan$5MInnovative Gateway Talent, LLC Dba Tularay 401(k) PlanInnovative Gateway Talent, L…$5MJ.a. Marketing, Inc. 401(k) Profit Sharing PlanJ.a. Marketing, Inc. 401(k) …$5M
End-of-year total assets ($M) among Mayo Employees Federal Credit Union 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$5M
Net Income$1M
Employer EIN410400045
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mayo Employees Federal Credit Union)

Sponsor-wide plan assets over time

All Mayo Employees Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$6M 86.42931316016545% vs 2022
2024 filing year
$2M$3M$4M$5M$6M$7M 202220232024 $3.16M $5.88M ▲ +86.1%
Year Plans Participants Total Assets
2022 1 120 $3M
2023 1 112 $5M
2024 1 126 $6M

Nearby 401(k) Plans in Minnesota

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

Mayo Employees Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Mayo Employees Federal Credit Union 401(k) Plan, Total assets ($B): 0.004560382 · Participants: 112Mayo Employees Federal Credit Union 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
Mayo Employees Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Mayo Employees Federal Credit Union 401(k) Plan side-by-side with 3 peers →

Mayo Employees Federal Credit Union 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Vintage Stock Safe Harbor 401(k)Plan in MO ($5M); by covered participants it is A&a Transfer, LLC 401(k) Plan in VA (112 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (112 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 Mayo Employees Federal Credit Union 401(k) Plan assets move in 2023? ▼
Mayo Employees Federal Credit Union 401(k) Plan surged - up 44.5% during 2023, from $3M to $5M. Reported net income was $1M.
How have Mayo Employees Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mayo Employees Federal Credit Union's sponsor-wide assets grew 86.4%, from $3M to $6M.
Which 401(k) plans are similar in size to Mayo Employees Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Vintage Stock Safe Harbor 401(k)Plan in MO ($5M, 439 participants).
Which 401(k) plans cover a similar participant headcount to Mayo Employees Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is A&a Transfer, LLC 401(k) Plan in VA (112 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 410400045.

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.