401(k) · DOL Form 5500 · 2023

Thrivent Financial for Lutherans 401(k) Plan

Data updated 2026-08-11

$1.5B
Total assets: 6,125
Participants: 99th
Percentile by assets: $247,723
Avg per participant

Official DOL plan name: Thrivent 401(k) Plan · Sponsored by Thrivent Financial for Lutherans · Minnesota · Finance & Insurance

$1.5B in assets, 6,125 participants

Thrivent Financial for Lutherans's Thrivent 401(k) Plan reported $1.5B in total assets and 6,125 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 127,072 plans)
#8,711 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Thrivent 401(k) Plan covers 6,125 participants in Minnesota, 5.4x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.5B.

$1.5B
total plan assets (2023 EOY): 6,125
covered participants: 99th
percentile by assets (of 127,072 plans): $247,723
avg assets per participant

Thrivent 401(k) Plan reported net income rose from -$278M in the plan year 2022 filing to $218M in the plan year 2023 filing.
Thrivent 401(k) Plan end-of-year assets rose from $1.3B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
Thrivent 401(k) Plan reported participants fell from 6,177 in the plan year 2022 filing to 6,125 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Minnesota

Industry

Finance & Insurance

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Thrivent 401(k) Plan reports 6,125 participants - 5.4x that state average ($1.5B EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$1.3B
Net Assets (End of Year)	$1.5B
Net Income	$218M
Employer EIN	390123480
Plan Effective Date	1985-04-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Thrivent Financial for Lutherans)

Total plan assets by year, all Thrivent Financial for Lutherans plans on file

Year	Plans	Participants	Total Assets
2022	3	12,041	$2.8B
2023	3	12,405	$3.2B
2024	3	12,856	$3.5B

Nearby 401(k) Plans in Minnesota

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

Thrivent 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
Target Corporation 401(k) Plan $13.0B · 432,617
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

Compare Thrivent 401(k) Plan side-by-side with 3 peers →

Scale composition for Thrivent 401(k) Plan

Thrivent 401(k) Plan reports $1.5B in end-of-year assets across 6,125 participants (0.012% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $247,723 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2023 was $218M.

This plan identity (EIN 390123480, plan #007) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.7B (+32.6%) while covered participants moved from 6,177 to 6,573 . Single-year sparse filers cannot show that trail.

Plan year	Participants	EOY assets	Filing
2022	6,177	$1.3B	Open filing
2023	6,125	$1.5B	This page
2024 · index core	6,573	$1.7B	Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

Thrivent 401(k) Plan (401(k), $1.7B, 6,573 participants)
Thrivent Individual Pension Account Plan (Defined Benefit (Pension), $1.3B, 4,467 participants)
Thrivent Capital Accumulation Plan (Money Purchase, $461M, 1,816 participants)

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Thrivent 401(k) Plan by total assets, not by location.

Grant Thornton LLP 401(k) Savings Plan (IL) $1.5B · 7,676
City National Bank Profit Sharing Plan (CA) $1.5B · 6,098
Global Medical Response, Inc. 401(k) Plan (CO) $1.5B · 35,149
Vistra Thrift Plan (TX) $1.5B · 4,868

Frequently Asked Questions

How did Thrivent 401(k) Plan assets move in 2023? ▼

Thrivent 401(k) Plan grew sharply - up 16.7% during 2023, from $1.3B to $1.5B. Reported net income was $218M.

How have Thrivent Financial for Lutherans plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Thrivent Financial for Lutherans's sponsor-wide assets grew 23.5%, from $2.8B to $3.5B.

Where does Thrivent 401(k) Plan rank by assets among Form 5500 filers? ▼

Thrivent 401(k) Plan ranks in the 99th 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 401(k) plans are similar in size to Thrivent 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Grant Thornton LLP 401(k) Savings Plan in IL ($1.5B, 7,676 participants).

Next read for Thrivent 401(k) Plan

Filing takeaways

Ways to act on Thrivent 401(k) Plan's numbers.

By total assets, Thrivent 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Thrivent Financial for Lutherans's sponsor-wide assets have grown 23.5% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 390123480.