401(k) · DOL Form 5500 · 2023

Willmar Electric Service Corp. 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
167
Participants Small participant base
67th
Percentile by assets National rank
$87,472
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Willmar Electric 401(k) Plan · Sponsored by Willmar Electric Service Corp. · Minnesota · Construction

$15M in assets, 167 participants

Willmar Electric Service Corp.'s Willmar Electric 401(k) Plan reported $15M in total assets and 167 participants in its 2023 DOL Form 5500 filing, ranking in the 67th 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.

  • #5,898 in Construction (9,030 peers)

Coverage in Minnesota

Willmar Electric 401(k) Plan covers 167 participants in Minnesota, about 15% of the average Minnesota filer (state average ~1,126 per filing). Assets: $15M.

#5,898
in Construction (9,030 peers)
+25.8%
assets growth YoY

Willmar Electric 401(k) Plan's outsized position by total assets

Willmar Electric 401(k) Plan vs every filed plan by assets

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

$14,607,764 Top 33% higher than 67% 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

Willmar Electric 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Willmar Electric 401(k) Plan sits mid-pack in the medium band (167 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Willmar Electric 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Willmar Electric 401(k) Plan end-of-year assets rose from $12M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Willmar Electric 401(k) Plan reported participants fell from 191 in the plan year 2022 filing to 167 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 205963761 · Willmar Electric Service Corp. PY 2023 · 401(k)

Willmar Electric 401(k) Plan · $15M · 167 · 67th

  • BOY $15M
  • SCH 167
  • EBSA 67th
  • PART 401(k)
  • TYPE near Toptal Retirement Savings Plan
  • NET ind #5898

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 Construction retirement plans → · Plans in Minnesota →

Willmar Electric 401(k) Plan in the asset neighbourhood

Willmar Electric 401(k) Plan$15MToptal Retirement Savings PlanToptal Retirement Savings Pl…$15MHaynes Beffel & Wolfeld LLP Retirement Plan and TrustHaynes Beffel & Wolfeld LLP …$15MArvco Container Corp. 401(k) Retirement PlanArvco Container Corp. 401(k)…$15MUniversal Paragon Corporation 401(k) PlanUniversal Paragon Corporatio…$15M
End-of-year total assets ($M) among Willmar Electric 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$15M
Net Income$3M
Employer EIN205963761
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Willmar Electric Service Corp.)

Sponsor-wide plan assets over time

All Willmar Electric Service Corp. plans reported in each filing year

Latest sponsor-wide plan assets
$18M 51.53044614100324% vs 2022
2024 filing year
$10M$12M$14M$16M$18M$20M 202220232024 $11.6M $17.6M ▲ +51.6%
Year Plans Participants Total Assets
2022 1 191 $12M
2023 1 167 $15M
2024 1 163 $18M

Nearby 401(k) Plans in Minnesota

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

Willmar Electric 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Willmar Electric 401(k) Plan, Total assets ($B): 0.014607764 · Participants: 167Willmar Electric 401(k) 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
Willmar Electric 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Willmar Electric 401(k) Plan side-by-side with 3 peers →

Willmar Electric 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Toptal Retirement Savings Plan in DE ($15M); by covered participants it is Cleveland Hardware and Forging Co. Profit Sharing in WI (167 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (167 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 Willmar Electric 401(k) Plan assets move in 2023? ▼
Willmar Electric 401(k) Plan grew sharply - up 25.8% during 2023, from $12M to $15M. Reported net income was $3M.
How have Willmar Electric Service Corp. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Willmar Electric Service Corp.'s sponsor-wide assets grew 51.5%, from $12M to $18M.
Which 401(k) plans are similar in size to Willmar Electric 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Toptal Retirement Savings Plan in DE ($15M, 395 participants).
Which 401(k) plans cover a similar participant headcount to Willmar Electric 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Cleveland Hardware and Forging Co. Profit Sharing in WI (167 participants, $8M 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 205963761.

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.