Defined Benefit (Pension) · DOL Form 5500 · 2023

Thrivent Financial for Lutherans Pension Plan

Data updated 2026-08-25

$1.2B
Total assets Very large vs avg
4,384
Participants Above avg headcount
99th
Percentile by assets National rank
$284,276
Avg per participant High balance/head
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Official DOL plan name: Thrivent Individual Pension Account Plan · Sponsored by Thrivent Financial for Lutherans · Minnesota · Finance & Insurance

$1.2B in assets, 4,384 participants

Thrivent Financial for Lutherans's Thrivent Individual Pension Account Plan reported $1.2B in total assets and 4,384 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.

  • #8,681 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Thrivent Individual Pension Account Plan covers 4,384 participants in Minnesota, 3.9x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.2B.

#8,681
in Finance & Insurance (8,869 peers)
+6.2%
assets growth YoY
13×
vs typical plan assets (national mean)

Thrivent Individual Pension Account Plan's outsized position by total assets

Thrivent Individual Pension Account Plan vs every filed plan by assets

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

$1,246,266,502 Top 1% higher than 99% 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

Thrivent Individual Pension Account Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Thrivent Individual Pension Account Plan lands in the large band (4,384 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Thrivent Individual Pension Account Plan reported net income rose from -$231M in the plan year 2022 filing to $90M in the plan year 2023 filing.
  • Thrivent Individual Pension Account Plan reported participants rose from 3,974 in the plan year 2022 filing to 4,384 in the plan year 2023 filing.
  • Thrivent Individual Pension Account Plan end-of-year assets rose from $1.2B in the plan year 2022 filing to $1.2B in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 390123480 · Thrivent Financial for Lutherans PY 2023 · Defined Benefit (Pension)

Thrivent Individual Pension Account Plan · $1.2B · 4,384 · 99th

  • RANK $1.2B
  • RANK 4,384
  • RANK 99th
  • RANK Defined Benefit (Pension)
  • RANK near Greater Pennsylvania Carpenters' Pension Fund
  • RANK ind #8681

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 →

Thrivent Individual Pension Account Plan in the asset neighbourhood

Puget Sound Electrical Workers Pension PlanPuget Sound Electrical Worke…$1.3BThrivent Individual Pension Account PlanThrivent Individual Pension …$1.2BGreater Pennsylvania Carpenters' Pension FundGreater Pennsylvania Carpent…$1.2BNysa-Ila Pension Trust Fund & PlanNysa-Ila Pension Trust Fund …$1.2BUmass Memorial Health Care Pension PlanUmass Memorial Health Care P…$1.2B
End-of-year total assets ($B) among Thrivent Individual Pension Account Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$1.2B
Net Assets (End of Year)$1.2B
Net Income$90M
Employer EIN390123480
Plan Effective Date1955-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Thrivent Financial for Lutherans)

Sponsor-wide plan assets over time

All Thrivent Financial for Lutherans plans reported in each filing year

Latest sponsor-wide plan assets
$3.5B 23.52013686654526% vs 2022
2024 filing year
$2.5B$3B$3.5B$4B 202220232024 $2.84B $3.51B ▲ +23.6%
Year Plans Participants Total Assets
2022 3 12,041 $2.8B
2023 3 12,405 $3.2B
2024 3 12,856 $3.5B

Nearby Defined Benefit (Pension) Plans in Minnesota

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

Thrivent Individual Pension Account Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants Thrivent Individual Pension Account Plan, Total assets ($B): 1.246266502 · Participants: 4384Thrivent Individual Pension Account 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
Thrivent Individual Pension Account Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Thrivent Individual Pension Account Plan side-by-side with 3 peers →

Thrivent Individual Pension Account Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Greater Pennsylvania Carpenters' Pension Fund in PA ($1.2B); by covered participants it is Pension Plan for Pactiv Evergreen in IL (4,379 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.2B here).

Similar participant headcount

Nearest other-state filings by covered participants (4,384 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 Thrivent Individual Pension Account Plan assets move in 2023? ▼
Thrivent Individual Pension Account Plan grew at a solid clip - up 6.2% during 2023, from $1.2B to $1.2B. Reported net income was $90M.
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 Individual Pension Account Plan rank by assets among Form 5500 filers? ▼
Thrivent Individual Pension Account 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 Defined Benefit (Pension) plans are similar in size to Thrivent Individual Pension Account Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Greater Pennsylvania Carpenters' Pension Fund in PA ($1.2B, 8,460 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Thrivent Individual Pension Account Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan for Pactiv Evergreen in IL (4,379 participants, $989M 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 390123480.

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.