401(k) · DOL Form 5500 · 2023
Target Corporation 401(k) Plan
Data updated 2026-08-25
- $13.0B
- Total assets Mega-plan scale
- 432,617
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $30,069
- Avg per participant Low balance/head
Official DOL plan name: Target Corporation 401(k) Plan · Sponsored by Target Corporation · Minnesota · Retail Trade
$13.0B in assets, 432,617 participants
Target Corporation's Target Corporation 401(k) Plan reported $13.0B in total assets and 432,617 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.
- #8,410 in Retail Trade (8,414 peers)
Coverage in Minnesota
Target Corporation 401(k) Plan covers 432,617 participants in Minnesota, 384x the typical Minnesota plan (state average ~1,126 per filing). Assets: $13.0B.
- #8,410
- in Retail Trade (8,414 peers)
- +16.0%
- assets growth YoY
- 131×
- vs typical plan assets (national mean)
Target Corporation 401(k) Plan's outsized position by total assets
Target Corporation 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$13,008,265,857 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Target Corporation 401(k) 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 401(k) Plan is a mega filing (432,617 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Target Corporation 401(k) Plan reported net income rose from -$2.7B in the plan year 2022 filing to $1.8B in the plan year 2023 filing.
- Target Corporation 401(k) Plan end-of-year assets rose from $11.2B in the plan year 2022 filing to $13.0B in the plan year 2023 filing.
- Target Corporation 401(k) Plan reported participants rose from 400,422 in the plan year 2022 filing to 432,617 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 410215170 · Target Corporation PY 2023 · 401(k)
Target Corporation 401(k) Plan · $13.0B · 432,617 · 100th
- SCH $13.0B
- SCH 432,617
- SCH 100th
- SCH 401(k)
- SCH near Cigna 401(k) Plan
- SCH ind #8410
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 401(k) Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $11.2B |
|---|---|
| Net Assets (End of Year) | $13.0B |
| Net Income | $1.8B |
| Employer EIN | 410215170 |
| Plan Effective Date | 1967-02-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 450,937 | $14.6B |
| 2023 | 3 | 478,341 | $16.6B |
| 2024 | 3 | 451,375 | $17.7B |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
- The Travelers 401(k) Savings Plan $9.2B · 29,650
Scale composition for Target Corporation 401(k) Plan
Target Corporation 401(k) Plan reports $13.0B in end-of-year assets across 432,617 participants (0.11% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.46% of 93,925,755 covered participants) - about $30,069 per participant (22% of the national average assets-per-participant) . Net income for plan year 2023 was $1.8B.
This plan identity (EIN 410215170, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $11.2B to $14.4B (+28.6%) while covered participants moved from 400,422 to 409,649 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 400,422 | $11.2B | Open filing |
| 2023 | 432,617 | $13.0B | This page |
| 2024 · index core | 409,649 | $14.4B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Target Corporation 401(k) Plan (401(k), $14.4B, 409,649 participants)
- Target Corporation Pension Plan (Defined Benefit (Pension), $3.3B, 41,726 participants)
Target Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Cigna 401(k) Plan in PA ($13.0B); by covered participants it is Paychex Pooled Employer 401(k) Plan in NY (485,003 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($13.0B here).
- Cigna 401(k) Plan (PA) $13.0B · 66,760
- UPS 401(k) Savings Plan (GA) $13.1B · 102,231
- U.S. Roche 401(k) Savings Plan (CA) $12.9B · 23,512
- Merck US Savings Plan (NJ) $13.4B · 26,850
Similar participant headcount
Nearest other-state filings by covered participants (432,617 participants); asset peers above are excluded.
- Paychex Pooled Employer 401(k) Plan (NY) 485,003 · 52,386 off
- The Teamster - UPS National 401(k) Tax Deferred Savings Plan (GA) 510,511 · 77,894 off
- Express Employment Professionals 401(k) Retirement Savings Plan (OK) 548,852 · 116,235 off
- Adp Totalsource Retirement Savings Plan (FL) 308,867 · 123,750 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.