401(k) · DOL Form 5500 · 2023

Faegre Drinker Biddle & Reath LLP 401(k) Plan

Data updated 2026-08-25

$690M
Total assets Above avg plan size
1,396
Participants Near avg headcount
98th
Percentile by assets National rank
$494,195
Avg per participant High balance/head
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Official DOL plan name: Faegre Drinker Retirement Savings Plan 2 · Sponsored by Faegre Drinker Biddle & Reath LLP · Minnesota · Professional & Technical Services

$690M in assets, 1,396 participants

Faegre Drinker Biddle & Reath LLP's Faegre Drinker Retirement Savings Plan 2 reported $690M in total assets and 1,396 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #20,058 in Professional & Technical Services (20,321 peers)

Where Faegre Drinker Retirement Savings Plan 2 sits by assets

Faegre Drinker Retirement Savings Plan 2 sits in the top 5% of all filed plans by assets, $690M for 1,396 participants (~$494,195/participant), up 16.8% in 2023.

#20,058
in Professional & Technical Services (20,321 peers)
+16.8%
assets growth YoY
6.9×
vs typical plan assets (national mean)

Faegre Drinker Retirement Savings Plan 2's outsized position by total assets

Faegre Drinker Retirement Savings Plan 2 vs every filed plan by assets

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

$689,895,851 Top 2% higher than 98% 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

Faegre Drinker Retirement Savings Plan 2'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. Faegre Drinker Retirement Savings Plan 2 lands in the large band (1,396 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Faegre Drinker Retirement Savings Plan 2 reported net income rose from -$162M in the plan year 2022 filing to $99M in the plan year 2023 filing.
  • Faegre Drinker Retirement Savings Plan 2 end-of-year assets rose from $591M in the plan year 2022 filing to $690M in the plan year 2023 filing.
  • Faegre Drinker Retirement Savings Plan 2 reported participants fell from 1,444 in the plan year 2022 filing to 1,396 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410244008 · Faegre Drinker Biddle & Reath LLP PY 2023 · 401(k)

Faegre Drinker Retirement Savings Plan 2 · $690M · 1,396 · 98th

  • SCH $690M
  • EBSA 1,396
  • PART 98th
  • TYPE 401(k)
  • NET near Athenahealth, Inc. 401(k) Plan
  • BOOK ind #20058

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 Professional & Technical Services retirement plans → · Plans in Minnesota →

Faegre Drinker Retirement Savings Plan 2 in the asset neighbourhood

Sparrow Health System Associate Retirement Savings PlanSparrow Health System Associ…$692MDsm North America Defined Contribution PlanDsm North America Defined Co…$691MFaegre Drinker Retirement Savings Plan 2Faegre Drinker Retirement Sa…$690MAthenahealth, Inc. 401(k) PlanAthenahealth, Inc. 401(k) Pl…$689MWestat, Inc. Savings Plan$689M
End-of-year total assets ($M) among Faegre Drinker Retirement Savings Plan 2 and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$591M
Net Assets (End of Year)$690M
Net Income$99M
Employer EIN410244008
Plan Effective Date2021-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Faegre Drinker Biddle & Reath LLP)

Sponsor-wide plan assets over time

All Faegre Drinker Biddle & Reath LLP plans reported in each filing year

Latest sponsor-wide plan assets
$1.5B 26.964247118493027% vs 2022
2024 filing year
$1.1B$1.2B$1.3B$1.4B$1.5B$1.6B 202220232024 $1.21B $1.54B ▲ +27.3%
Year Plans Participants Total Assets
2022 2 2,885 $1.2B
2023 2 2,798 $1.4B
2024 2 2,697 $1.5B

Nearby 401(k) Plans in Minnesota

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

Faegre Drinker Retirement Savings Plan 2 vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Faegre Drinker Retirement Savings Plan 2, Total assets ($B): 0.689895851 · Participants: 1396Faegre Drinker Retirement Savings Plan 2Unitedhealth 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
Faegre Drinker Retirement Savings Plan 2 vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Faegre Drinker Retirement Savings Plan 2 side-by-side with 3 peers →

Faegre Drinker Retirement Savings Plan 2's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Athenahealth, Inc. 401(k) Plan in MA ($689M); by covered participants it is Abiomed Retirement Savings Plan in MA (1,396 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($690M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,396 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 Faegre Drinker Retirement Savings Plan 2 assets move in 2023? ▼
Faegre Drinker Retirement Savings Plan 2 grew sharply - up 16.8% during 2023, from $591M to $690M. Reported net income was $99M.
How have Faegre Drinker Biddle & Reath LLP plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Faegre Drinker Biddle & Reath LLP's sponsor-wide assets grew 27.0%, from $1.2B to $1.5B.
Where does Faegre Drinker Retirement Savings Plan 2 rank by assets among Form 5500 filers? ▼
Faegre Drinker Retirement Savings Plan 2 ranks in the 98th 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 Faegre Drinker Retirement Savings Plan 2? ▼
Among 401(k) plans in other states, the closest by assets is Athenahealth, Inc. 401(k) Plan in MA ($689M, 4,720 participants).
Which 401(k) plans cover a similar participant headcount to Faegre Drinker Retirement Savings Plan 2? ▼
Among 401(k) plans in other states, the closest by covered participants is Abiomed Retirement Savings Plan in MA (1,396 participants, $197M 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 410244008.

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.