401(k) · DOL Form 5500 · 2023

Minnkota Power Cooperative, Inc. 401(k) Plan

Data updated 2026-08-25

$62M
Total assets Below avg plan size
405
Participants Below avg headcount
88th
Percentile by assets National rank
$151,908
Avg per participant Above avg balance/head
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Official DOL plan name: Minnkota Power Cooperative, Inc. Employees 401(k) Plan · Sponsored by Minnkota Power Cooperative, Inc. · North Dakota · Utilities

$62M in assets, 405 participants

Minnkota Power Cooperative, Inc.'s Minnkota Power Cooperative, Inc. Employees 401(k) Plan reported $62M in total assets and 405 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.

  • #402 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Minnkota Power Cooperative, Inc. Employees 401(k) Plan ranks #402 of 721 2023 filers by assets (873% of the sector average)-$62M for 405 participants.

#402
in Utilities (721 peers)
+25.4%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Minnkota Power Cooperative, Inc. Employees 401(k) Plan's outsized position by total assets

Minnkota Power Cooperative, Inc. Employees 401(k) Plan vs every filed plan by assets

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

$61,522,625 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

Minnkota Power Cooperative, Inc. Employees 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. Minnkota Power Cooperative, Inc. Employees 401(k) Plan sits mid-pack in the medium band (405 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Minnkota Power Cooperative, Inc. Employees 401(k) Plan reported net income rose from -$12M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Minnkota Power Cooperative, Inc. Employees 401(k) Plan end-of-year assets rose from $49M in the plan year 2022 filing to $62M in the plan year 2023 filing.
  • Minnkota Power Cooperative, Inc. Employees 401(k) Plan reported participants rose from 399 in the plan year 2022 filing to 405 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 450166406 · Minnkota Power Cooperative, Inc. PY 2023 · 401(k)

Minnkota Power Cooperative, Inc. Employees 401(k) Plan · $62M · 405 · 88th

  • SCH $62M
  • SCH 405
  • SCH 88th
  • SCH 401(k)
  • SCH near Central City Concern Retirement Plan
  • SCH ind #402

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 North Dakota →

Minnkota Power Cooperative, Inc. Employees 401(k) Plan in the asset neighbourhood

Minnkota Power Cooperative, Inc. Employees 401(k) PlanMinnkota Power Cooperative, …$62MCentral City Concern Retirement PlanCentral City Concern Retirem…$62MProfit Sharing Retirement Plan for Employees of Res and KondexProfit Sharing Retirement Pl…$62MUniversity of Wisconsin Foundation Retirement and 401(k) Savings PlanUniversity of Wisconsin Foun…$62MConcord Hospitality Enterprises Company, LLC 401(k) PlanConcord Hospitality Enterpri…$62M
End-of-year total assets ($M) among Minnkota Power Cooperative, Inc. Employees 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$49M
Net Assets (End of Year)$62M
Net Income$12M
Employer EIN450166406
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnkota Power Cooperative, Inc.)

Sponsor-wide plan assets over time

All Minnkota Power Cooperative, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$169M 37.39444569682429% vs 2022
2024 filing year
$100M$120M$140M$160M$180M 202220232024 $123M $169M ▲ +37.4%
Year Plans Participants Total Assets
2022 3 1,123 $123M
2023 3 1,055 $146M
2024 3 1,157 $169M

Nearby 401(k) Plans in North Dakota

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

Minnkota Power Cooperative, Inc. Employees 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Minnkota Power Cooperative, Inc. Employees 401(k) Plan, Total assets ($B): 0.061522625 · Participants: 405Minnkota Power Cooperative, Inc. Employees 401(k) PlanSanford Retirement Savings Plan, Total assets ($B): 3.110361496 · Participants: 30495Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.829880488 · Participants: 8551Mdu Resources Group, Inc. 401(k) Retirement PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.7412361 · Participants: 5269Knife River Corporation 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.521170291 · Participants: 3853Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.512524705 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing Plan
Minnkota Power Cooperative, Inc. Employees 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Minnkota Power Cooperative, Inc. Employees 401(k) Plan side-by-side with 3 peers →

Minnkota Power Cooperative, Inc. Employees 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Central City Concern Retirement Plan in OR ($62M); by covered participants it is Children's Specialty Group, PLLC 401(k) Profit Sharing Plan in VA (405 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (405 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 Minnkota Power Cooperative, Inc. Employees 401(k) Plan assets move in 2023? ▼
Minnkota Power Cooperative, Inc. Employees 401(k) Plan grew sharply - up 25.4% during 2023, from $49M to $62M. Reported net income was $12M.
How have Minnkota Power Cooperative, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnkota Power Cooperative, Inc.'s sponsor-wide assets grew 37.4%, from $123M to $169M.
Where does Minnkota Power Cooperative, Inc. Employees 401(k) Plan rank by assets among Form 5500 filers? ▼
Minnkota Power Cooperative, Inc. Employees 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 Minnkota Power Cooperative, Inc. Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Central City Concern Retirement Plan in OR ($62M, 1,121 participants).
Which 401(k) plans cover a similar participant headcount to Minnkota Power Cooperative, Inc. Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Children's Specialty Group, PLLC 401(k) Profit Sharing Plan in VA (405 participants, $197M 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 450166406.

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.