401(k) · DOL Form 5500 · 2023

Granite Equity Partners 401(k) Plan

Data updated 2026-08-25

$239M
Total assets Near avg plan size
2,627
Participants Above avg headcount
95th
Percentile by assets National rank
$91,000
Avg per participant Below avg balance/head
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Official DOL plan name: Granite Retirement Savings Plan · Sponsored by Granite Equity Partners · Minnesota · Management of Enterprises

$239M in assets, 2,627 participants

Granite Equity Partners's Granite Retirement Savings Plan reported $239M in total assets and 2,627 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #962 in Management of Enterprises (1,137 peers)

Coverage in Minnesota

Granite Retirement Savings Plan covers 2,627 participants in Minnesota, 2.3x the typical Minnesota plan (state average ~1,126 per filing). Assets: $239M.

#962
in Management of Enterprises (1,137 peers)
+24.5%
assets growth YoY
2.4×
vs typical plan assets (national mean)

Granite Retirement Savings Plan's outsized position by total assets

Granite Retirement Savings Plan vs every filed plan by assets

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

$239,056,528 Top 5% higher than 95% 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

Granite Retirement Savings 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. Granite Retirement Savings Plan lands in the large band (2,627 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Granite Retirement Savings Plan reported net income rose from -$19M in the plan year 2022 filing to $47M in the plan year 2023 filing.
  • Granite Retirement Savings Plan end-of-year assets rose from $192M in the plan year 2022 filing to $239M in the plan year 2023 filing.
  • Granite Retirement Savings Plan reported participants rose from 2,262 in the plan year 2022 filing to 2,627 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 061643578 · Granite Equity Partners PY 2023 · 401(k)

Granite Retirement Savings Plan · $239M · 2,627 · 95th

  • IND $239M
  • EOY 2,627
  • 5500 95th
  • ASSETS 401(k)
  • PCT near Alzheimer's Association Retirement and Savings Plan
  • EIN ind #962

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 Management of Enterprises retirement plans → · Plans in Minnesota →

Granite Retirement Savings Plan in the asset neighbourhood

Dak Americas LLC Savings and Investment PlanDak Americas LLC Savings and…$239MRetirement Savings Plan for Hourly Ees of Alcoa USA CorpRetirement Savings Plan for …$239MAlzheimer's Association Retirement and Savings PlanAlzheimer's Association Reti…$239MGranite Retirement Savings PlanGranite Retirement Savings P…$239MAvid Technology, Inc. 401(k) PlanAvid Technology, Inc. 401(k)…$239M
End-of-year total assets ($M) among Granite Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$192M
Net Assets (End of Year)$239M
Net Income$47M
Employer EIN061643578
Plan Effective Date2017-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Granite Equity Partners)

Sponsor-wide plan assets over time

All Granite Equity Partners plans reported in each filing year

Latest sponsor-wide plan assets
$283M 47.55736218505855% vs 2022
2024 filing year
$150M$200M$250M$300M 202220232024 $192M $283M ▲ +47.6%
Year Plans Participants Total Assets
2022 1 2,262 $192M
2023 1 2,627 $239M
2024 1 2,661 $283M

Nearby 401(k) Plans in Minnesota

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

Granite Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Granite Retirement Savings Plan, Total assets ($B): 0.239056528 · Participants: 2627Granite Retirement Savings PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Granite Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Granite Retirement Savings Plan side-by-side with 3 peers →

Granite Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Alzheimer's Association Retirement and Savings Plan in IL ($239M); by covered participants it is Progress Residential 401(k) Plan in AZ (2,627 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,627 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 Granite Retirement Savings Plan assets move in 2023? ▼
Granite Retirement Savings Plan grew sharply - up 24.5% during 2023, from $192M to $239M. Reported net income was $47M.
How have Granite Equity Partners plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Granite Equity Partners's sponsor-wide assets grew 47.6%, from $192M to $283M.
Where does Granite Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Granite Retirement Savings Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Granite Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Alzheimer's Association Retirement and Savings Plan in IL ($239M, 1,912 participants).
Which 401(k) plans cover a similar participant headcount to Granite Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Progress Residential 401(k) Plan in AZ (2,627 participants, $47M 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 061643578.

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.