401(k) · DOL Form 5500 · 2023

Best & Flanagan LLP 401(k) Plan

Data updated 2026-08-11

$62M
Total assets
65
Participants
88th
Percentile by assets
$961,235
Avg per participant
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Official DOL plan name: Best & Flanagan LLP 401(k) Profit Sharing Plan · Sponsored by Best & Flanagan LLP · Minnesota · Professional & Technical Services

$62M in assets, 65 participants

Best & Flanagan LLP's Best & Flanagan LLP 401(k) Profit Sharing Plan reported $62M in total assets and 65 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.

  • 88th percentile by assets (of 127,072 plans)
  • #18,059 in Professional & Technical Services (20,321 peers)

Where Best & Flanagan LLP 401(k) Profit Sharing Plan sits by assets

Best & Flanagan LLP 401(k) Profit Sharing Plan sits in the top quartile of all filed plans by assets, $62M for 65 participants (~$961,235/participant), up 16.5% in 2023.

$62M
total plan assets (2023 EOY)
65
covered participants
88th
percentile by assets (of 127,072 plans)
$961,235
avg assets per participant

Where Best & Flanagan LLP 401(k) Profit Sharing Plan sits by total assets

Best & Flanagan LLP 401(k) Profit Sharing Plan vs every filed plan by assets

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

$62,480,257 Top 12% higher than 88% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Best & Flanagan LLP 401(k) Profit Sharing Plan reported net income rose from -$7M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Best & Flanagan LLP 401(k) Profit Sharing Plan end-of-year assets rose from $54M in the plan year 2022 filing to $62M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Minnesota
Industry
Professional & Technical Services

Best & Flanagan LLP 401(k) Profit Sharing Plan vs the 2023 asset distribution

By assets, Best & Flanagan LLP 401(k) Profit Sharing Plan outranks 88% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$54M
Net Assets (End of Year)$62M
Net Income$9M
Employer EIN410150277
Plan Effective Date1984-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Best & Flanagan LLP)

$50M$55M$60M$65M$70M$75M 202220232024 $53.6M $68.7M ▲ +28.1%
Total plan assets by year, all Best & Flanagan LLP plans on file
Year Plans Participants Total Assets
2022 1 65 $54M
2023 1 65 $62M
2024 1 82 $69M

Nearby 401(k) Plans in Minnesota

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

Best & Flanagan LLP 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Best & Flanagan LLP …, Total assets ($B): 0.062480257 · Participants: 65Best & Flanagan LLP …Unitedhealth Group 4…, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 4…Target Corporation 4…, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 4…Medtronic Savings an…, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings an…3M Voluntary Investm…, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investm…U.S. Bank 401(k) Sav…, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Sav…
Best & Flanagan LLP 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Best & Flanagan LLP 401(k) Profit Sharin… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Best & Flanagan LLP 401(k) Profit Sharing Plan by total assets, not by location.

Frequently Asked Questions

How did Best & Flanagan LLP 401(k) Profit Sharing Plan assets move in 2023? ▼
Best & Flanagan LLP 401(k) Profit Sharing Plan grew sharply - up 16.5% during 2023, from $54M to $62M. Reported net income was $9M.
How have Best & Flanagan LLP plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Best & Flanagan LLP's sponsor-wide assets grew 28.2%, from $54M to $69M.
Where does Best & Flanagan LLP 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Best & Flanagan LLP 401(k) Profit Sharing 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 Best & Flanagan LLP 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ncta 401(k) Plan in DC ($62M, 81 participants).

Next read for Best & Flanagan LLP 401(k) Profit Sharin…

Scale reading

Ways to act on Best & Flanagan LLP 401(k) Profit Sharing Plan's numbers.

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 410150277.

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.