401(k) · DOL Form 5500 · 2023

Faegre Drinker Biddle & Reath LLP 401(k) Plan

Data updated 2026-08-11

$690M
Total assets
1,396
Participants
98th
Percentile by assets
$494,195
Avg per participant
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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.

  • 98th percentile by assets (of 127,072 plans)
  • #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.

$690M
total plan assets (2023 EOY)
1,396
covered participants
98th
percentile by assets (of 127,072 plans)
$494,195
avg assets per participant

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 →

State
Minnesota
Industry
Professional & Technical Services

Faegre Drinker Retirement Savings Plan 2 vs the 2023 asset distribution

By assets, Faegre Drinker Retirement Savings Plan 2 outranks 98% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 6.9x the national average plan size of $100M (721 average participants).

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)

$1.1B$1.2B$1.3B$1.4B$1.5B$1.6B 202220232024 $1.21B $1.54B ▲ +27.3%
Total plan assets by year, all Faegre Drinker Biddle & Reath LLP plans on file
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

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 Retir…Unitedhealth Group 4…Target Corporation 4…Medtronic Savings an…3M Voluntary Investm…U.S. Bank 401(k) Sav…
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 →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Faegre Drinker Retirement Savings Plan 2 by total assets, not by location.

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).

Next read for Faegre Drinker Retirement Savings Plan 2

Scale reading

Ways to act on Faegre Drinker Retirement Savings Plan 2'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 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.