Defined Benefit (Pension) · DOL Form 5500 · 2023

Target Corporation Pension Plan

Data updated 2026-08-25

$3.5B
Total assets Very large vs avg
45,724
Participants Very large workforce
100th
Percentile by assets National rank
$77,639
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Target Corporation Pension Plan · Sponsored by Target Corporation · Minnesota · Retail Trade

$3.5B in assets, 45,724 participants

Target Corporation's Target Corporation Pension Plan reported $3.5B in total assets and 45,724 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

  • #8,392 in Retail Trade (8,414 peers)

Coverage in Minnesota

Target Corporation Pension Plan covers 45,724 participants in Minnesota, 41x the typical Minnesota plan (state average ~1,126 per filing). Assets: $3.5B.

#8,392
in Retail Trade (8,414 peers)
+6.0%
assets growth YoY
36×
vs typical plan assets (national mean)

Target Corporation Pension Plan's outsized position by total assets

Target Corporation Pension Plan vs every filed plan by assets

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

$3,549,954,347 Highest reported value at or above every one 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

Target Corporation Pension Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Target Corporation Pension Plan is a mega filing (45,724 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Target Corporation Pension Plan reported net income rose from -$1.3B in the plan year 2022 filing to $192M in the plan year 2023 filing.
  • Target Corporation Pension Plan reported participants fell from 50,515 in the plan year 2022 filing to 45,724 in the plan year 2023 filing.
  • Target Corporation Pension Plan end-of-year assets rose from $3.3B in the plan year 2022 filing to $3.5B in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410215170 · Target Corporation PY 2023 · Defined Benefit (Pension)

Target Corporation Pension Plan · $3.5B · 45,724 · 100th

  • RANK $3.5B
  • RANK 45,724
  • RANK 100th
  • RANK Defined Benefit (Pension)
  • RANK near The Hartford Retirement Plan for U.S. Employees
  • RANK ind #8392

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 Retail Trade retirement plans → · Plans in Minnesota →

Target Corporation Pension Plan in the asset neighbourhood

Hsbc - North America (U.S.) Pension PlanHsbc - North America (U.S.) …$3.6BOhio Operating Engineers Pension PlanOhio Operating Engineers Pen…$3.6BThe Hartford Retirement Plan for U.S. EmployeesThe Hartford Retirement Plan…$3.6BTarget Corporation Pension PlanTarget Corporation Pension P…$3.5BUnited Mine Workers of America 1974 Pension PlanUnited Mine Workers of Ameri…$3.5B
End-of-year total assets ($B) among Target Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$3.3B
Net Assets (End of Year)$3.5B
Net Income$192M
Employer EIN410215170
Plan Effective Date1944-01-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Target Corporation)

Sponsor-wide plan assets over time

All Target Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$17.7B 21.771231214917268% vs 2022
2024 filing year
$14B$15B$16B$17B$18B$19B 202220232024 $14.6B $17.7B ▲ +21.8%
Year Plans Participants Total Assets
2022 3 450,937 $14.6B
2023 3 478,341 $16.6B
2024 3 451,375 $17.7B

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Target Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants Target Corporation Pension Plan, Total assets ($B): 3.549954347 · Participants: 45724Target Corporation Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank Pension Plan
Target Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Target Corporation Pension Plan side-by-side with 3 peers →

Scale composition for Target Corporation Pension Plan

Target Corporation Pension Plan reports $3.5B in end-of-year assets across 45,724 participants (0.029% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.049% of 93,925,755 covered participants) - about $77,639 per participant (56% of the national average assets-per-participant) . Net income for plan year 2023 was $192M.

This plan identity (EIN 410215170, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.3B to $3.3B (-0.9%) while covered participants moved from 50,515 to 41,726 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 50,515 $3.3B Open filing
2023 45,724 $3.5B This page
2024 · index core 41,726 $3.3B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Target Corporation Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is The Hartford Retirement Plan for U.S. Employees in CT ($3.6B); by covered participants it is Truist Financial Corporation Pension Plan in NC (45,818 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (45,724 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 Target Corporation Pension Plan assets move in 2023? ▼
Target Corporation Pension Plan grew at a solid clip - up 6.0% during 2023, from $3.3B to $3.5B. Reported net income was $192M.
How have Target Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Target Corporation's sponsor-wide assets grew 21.8%, from $14.6B to $17.7B.
Where does Target Corporation Pension Plan rank by assets among Form 5500 filers? ▼
Target Corporation Pension Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Target Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Hartford Retirement Plan for U.S. Employees in CT ($3.6B, 7,529 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Target Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Truist Financial Corporation Pension Plan in NC (45,818 participants, $14.6B 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 410215170.

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.