Defined Benefit (Pension) · DOL Form 5500 · 2023
Mayo Clinic Pension Plan
Data updated 2026-08-25
- $11.0B
- Total assets Mega-plan scale
- 69,155
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $159,539
- Avg per participant Above avg balance/head
Official DOL plan name: Mayo Pension Plan · Sponsored by Mayo Clinic · Minnesota · Healthcare & Social Assistance
$11.0B in assets, 69,155 participants
Mayo Clinic's Mayo Pension Plan reported $11.0B in total assets and 69,155 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.
- #17,677 in Healthcare & Social Assistance (17,684 peers)
Coverage in Minnesota
Mayo Pension Plan covers 69,155 participants in Minnesota, 61x the typical Minnesota plan (state average ~1,126 per filing). Assets: $11.0B.
- #17,677
- in Healthcare & Social Assistance (17,684 peers)
- +7.1%
- assets growth YoY
- 111×
- vs typical plan assets (national mean)
Mayo Pension Plan's outsized position by total assets
Mayo Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$11,032,936,702 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Mayo Pension Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mayo Pension Plan is a mega filing (69,155 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Mayo Pension Plan reported net income rose from -$2.1B in the plan year 2022 filing to $790M in the plan year 2023 filing.
- Mayo Pension Plan end-of-year assets rose from $10.3B in the plan year 2022 filing to $11.0B in the plan year 2023 filing.
- Mayo Pension Plan reported participants rose from 66,434 in the plan year 2022 filing to 69,155 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 416011702 · Mayo Clinic PY 2023 · Defined Benefit (Pension)
Mayo Pension Plan · $11.0B · 69,155 · 100th
- RANK $11.0B
- RANK 69,155
- RANK 100th
- RANK Defined Benefit (Pension)
- RANK near Pfizer Consolidated Pension Plan
- RANK ind #17677
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 Healthcare & Social Assistance retirement plans → · Plans in Minnesota →
Mayo Pension Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $10.3B |
|---|---|
| Net Assets (End of Year) | $10.9B |
| Net Income | $790M |
| Employer EIN | 416011702 |
| Plan Effective Date | 1969-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Mayo Clinic)
Sponsor-wide plan assets over time
All Mayo Clinic plans reported in each filing year
- Latest sponsor-wide plan assets
- $24.6B 24.614502961338893% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 147,366 | $19.8B |
| 2023 | 2 | 153,253 | $22.2B |
| 2024 | 2 | 157,676 | $24.6B |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- 3M Employee Retirement Income Plan $14.3B · 10,638
- The Travelers Pension Plan $4.2B · 24,884
- General Mills Pension Plan I $4.0B · 383
- U.S. Bank Pension Plan $4.0B · 56,287
- Target Corporation Pension Plan $3.5B · 45,724
Scale composition for Mayo Pension Plan
Mayo Pension Plan reports $11.0B in end-of-year assets across 69,155 participants (0.090% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.074% of 93,925,755 covered participants) - about $159,539 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2023 was $790M.
This plan identity (EIN 416011702, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $10.3B to $11.8B (+14.7%) while covered participants moved from 66,434 to 71,743 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 66,434 | $10.3B | Open filing |
| 2023 | 69,155 | $11.0B | This page |
| 2024 · index core | 71,743 | $11.8B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Mayo 403(b) Plan (Other, $12.8B, 85,933 participants)
- Mayo Pension Plan (Defined Benefit (Pension), $11.8B, 71,743 participants)
Mayo Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Pfizer Consolidated Pension Plan in NY ($11.0B); by covered participants it is UPS/Ibt Full-Time Employee Pension Plan in GA (70,241 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($11.0B here).
- Pfizer Consolidated Pension Plan (NY) $11.0B · 9,616
- Verizon Pension Plan for Associates (NJ) $10.9B · 23,778
- Fca US LLC UAW Pension Agreement (MI) $11.2B · 13,635
- National Elevator Industry Pension Plan (PA) $11.2B · 27,434
Similar participant headcount
Nearest other-state filings by covered participants (69,155 participants); asset peers above are excluded.
- UPS/Ibt Full-Time Employee Pension Plan (GA) 70,241 · 1,086 off
- Motion Picture Industry Pension Plan (CA) 68,019 · 1,136 off
- Upmc Basic Retirement Plan (PA) 70,746 · 1,591 off
- Sound Variable Annuity Pension Trust (WA) 66,669 · 2,486 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.