Defined Benefit (Pension) · DOL Form 5500 · 2023

Allete, Inc. & Affiliated Companies Pension Plan

Data updated 2026-08-25

$176M
Total assets Near avg plan size
319
Participants Below avg headcount
94th
Percentile by assets National rank
$551,305
Avg per participant High balance/head
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Official DOL plan name: Allete and Affiliated Companies Retirement Plan B · Sponsored by Allete, Inc. & Affiliated Companies · Minnesota · Utilities

$176M in assets, 319 participants

Allete, Inc. & Affiliated Companies's Allete and Affiliated Companies Retirement Plan B reported $176M in total assets and 319 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #498 in Utilities (721 peers)

Coverage in Minnesota

Allete and Affiliated Companies Retirement Plan B covers 319 participants in Minnesota, about 28% of the average Minnesota filer (state average ~1,126 per filing). Assets: $176M.

#498
in Utilities (721 peers)
+14.0%
assets growth YoY
1.8×
vs typical plan assets (national mean)

Allete and Affiliated Companies Retirement Plan B's outsized position by total assets

Allete and Affiliated Companies Retirement Plan B vs every filed plan by assets

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

$175,866,212 Top 6% higher than 94% 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

Allete and Affiliated Companies Retirement Plan B 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. Allete and Affiliated Companies Retirement Plan B sits mid-pack in the medium band (319 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Allete and Affiliated Companies Retirement Plan B reported net income rose from -$30M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • Allete and Affiliated Companies Retirement Plan B end-of-year assets rose from $154M in the plan year 2022 filing to $176M in the plan year 2023 filing.
  • Allete and Affiliated Companies Retirement Plan B reported participants fell from 338 in the plan year 2022 filing to 319 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410418150 · Allete, Inc. & Affiliated Companies PY 2023 · Defined Benefit (Pension)

Allete and Affiliated Companies Retirement Plan B · $176M · 319 · 94th

  • TYPE $176M
  • NET 319
  • BOOK 94th
  • VS-ST Defined Benefit (Pension)
  • BOY near Ineos USA Pension Plan
  • SCH ind #498

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 Utilities retirement plans → · Plans in Minnesota →

Allete and Affiliated Companies Retirement Plan B in the asset neighbourhood

Monongalia Health System, Inc. Retirement PlanMonongalia Health System, In…$176MIneos USA Pension Plan$176MAllete and Affiliated Companies Retirement Plan BAllete and Affiliated Compan…$176MRetirement Plan for Office and Salaried Employees of Green Bay Packaging Inc.Retirement Plan for Office a…$175MPerkins Coie Cash Balance PlanPerkins Coie Cash Balance Pl…$175M
End-of-year total assets ($M) among Allete and Affiliated Companies Retirement Plan B and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$154M
Net Assets (End of Year)$176M
Net Income$17M
Employer EIN410418150
Plan Effective Date1952-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Allete, Inc. & Affiliated Companies)

Sponsor-wide plan assets over time

All Allete, Inc. & Affiliated Companies plans reported in each filing year

Latest sponsor-wide plan assets
$1.2B 14.134002992784422% vs 2022
2024 filing year
$1.05B$1.1B$1.15B$1.2B$1.25B 202220232024 $1.07B $1.22B ▲ +14.0%
Year Plans Participants Total Assets
2022 3 1,910 $1.1B
2023 3 1,923 $1.1B
2024 3 2,021 $1.2B

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Allete and Affiliated Companies Retirement Plan B vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Allete and Affiliated Companies Retirement Plan B, Total assets ($B): 0.175866212 · Participants: 319Allete and Affiliated Companies Retirement Plan B3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank Pension Plan
Allete and Affiliated Companies Retirement Plan B vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Allete and Affiliated Companies Retirement Plan B side-by-side with 3 peers →

Allete and Affiliated Companies Retirement Plan B's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Ineos USA Pension Plan in TX ($176M); by covered participants it is Retirement Income Plan in MA (319 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (319 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 Allete and Affiliated Companies Retirement Plan B assets move in 2023? ▼
Allete and Affiliated Companies Retirement Plan B grew at a solid clip - up 14.0% during 2023, from $154M to $176M. Reported net income was $17M.
How have Allete, Inc. & Affiliated Companies plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Allete, Inc. & Affiliated Companies's sponsor-wide assets grew 14.1%, from $1.1B to $1.2B.
Where does Allete and Affiliated Companies Retirement Plan B rank by assets among Form 5500 filers? ▼
Allete and Affiliated Companies Retirement Plan B ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Allete and Affiliated Companies Retirement Plan B? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Ineos USA Pension Plan in TX ($176M, 511 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Allete and Affiliated Companies Retirement Plan B? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Income Plan in MA (319 participants, $271M 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 410418150.

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.