Defined Benefit (Pension) · DOL Form 5500 · 2023

Thrivent Financial for Lutherans Pension Plan

Data updated 2026-08-11

$1.2B
Total assets: 4,384
Participants: 99th
Percentile by assets: $284,276
Avg per participant

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.

99th percentile by assets (of 127,072 plans)
#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.

$1.2B
total plan assets (2023 EOY): 4,384
covered participants: 99th
percentile by assets (of 127,072 plans): $284,276
avg assets per participant

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 →

State

Minnesota

Industry

Finance & Insurance

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Thrivent Individual Pension Account Plan reports 4,384 participants - 3.9x that state average ($1.2B EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$1.2B
Net Assets (End of Year)	$1.2B
Net Income	$90M
Employer EIN	390123480
Plan Effective Date	1955-01-01
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 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

3M Employee Retirement Income Plan $14.3B · 10,638
Mayo Pension Plan $11.0B · 69,155
The Travelers Pension Plan $4.2B · 24,884
General Mills Pension Plan I $4.0B · 383
U.S. Bank Pension Plan $4.0B · 56,287

Compare Thrivent Individual Pension Account Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Thrivent Individual Pension Account Plan by total assets, not by location.

Greater Pennsylvania Carpenters' Pension Fund (PA) $1.2B · 8,460
Nysa-Ila Pension Trust Fund & Plan (NJ) $1.2B · 4,139
Umass Memorial Health Care Pension Plan (MA) $1.2B · 8,379
Puget Sound Electrical Workers Pension Plan (WA) $1.3B · 5,292

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).

Next read for Thrivent Individual Pension Account Plan

Filing takeaways

Ways to act on Thrivent Individual Pension Account Plan's numbers.

By total assets, Thrivent Individual Pension Account Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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.