Defined Benefit (Pension) · DOL Form 5500 · 2023

Allete, Inc. & Affiliated Companies Pension Plan

Data updated 2026-08-25

$426M
Total assets Above avg plan size
171
Participants Small participant base
97th
Percentile by assets National rank
$2.5M
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Allete & Affiliated Companies Retirement Plan C · Sponsored by Allete, Inc. & Affiliated Companies · Minnesota · Utilities

$426M in assets, 171 participants

Allete, Inc. & Affiliated Companies's Allete & Affiliated Companies Retirement Plan C reported $426M in total assets and 171 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #583 in Utilities (721 peers)

Coverage in Minnesota

Allete & Affiliated Companies Retirement Plan C covers 171 participants in Minnesota, about 15% of the average Minnesota filer (state average ~1,126 per filing). Assets: $426M.

#583
in Utilities (721 peers)
-0.1%
assets change YoY
4.3×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Allete & Affiliated Companies Retirement Plan C's outsized position by total assets

Allete & Affiliated Companies Retirement Plan C vs every filed plan by assets

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

$426,259,731 Top 3% higher than 97% 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 & Affiliated Companies Retirement Plan C 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 & Affiliated Companies Retirement Plan C sits mid-pack in the medium band (171 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Allete & Affiliated Companies Retirement Plan C reported net income rose from -$145M in the plan year 2022 filing to -$3M in the plan year 2023 filing.
  • Allete & Affiliated Companies Retirement Plan C reported participants fell from 187 in the plan year 2022 filing to 171 in the plan year 2023 filing.
  • Allete & Affiliated Companies Retirement Plan C end-of-year assets fell from $427M in the plan year 2022 filing to $426M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

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

Allete & Affiliated Companies Retirement Plan C · $426M · 171 · 97th

  • EOY $426M
  • 5500 171
  • ASSETS 97th
  • PCT Defined Benefit (Pension)
  • EIN near Westlake Defined Benefit Plan
  • RANK ind #583

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 & Affiliated Companies Retirement Plan C in the asset neighbourhood

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated EmployersPension Plan for Hourly Empl…$427MI.B.E.W. Local 38 Pension PlanI.B.E.W. Local 38 Pension Pl…$427MWestlake Defined Benefit Plan$427MAllete & Affiliated Companies Retirement Plan CAllete & Affiliated Companie…$426MSwiss Re Group U.S. Employee's Pension PlanSwiss Re Group U.S. Employee…$425M
End-of-year total assets ($M) among Allete & Affiliated Companies Retirement Plan C and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$427M
Net Assets (End of Year)$426M
Net Income-$3M
Employer EIN410418150
Plan Effective Date2016-01-01
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 & Affiliated Companies Retirement Plan C vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Allete & Affiliated Companies Retirement Plan C, Total assets ($B): 0.426259731 · Participants: 171Allete & Affiliated Companies Retirement Plan C3M 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 & Affiliated Companies Retirement Plan C vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Allete & Affiliated Companies Retirement Plan C side-by-side with 3 peers →

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

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Westlake Defined Benefit Plan in TX ($427M); by covered participants it is Toledo Roofers Local No 134 Pension Plan in OH (171 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (171 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 & Affiliated Companies Retirement Plan C assets move in 2023? ▼
Allete & Affiliated Companies Retirement Plan C held essentially flat - down 0.1% during 2023, from $427M to $426M. Reported net income was -$3M.
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 & Affiliated Companies Retirement Plan C rank by assets among Form 5500 filers? ▼
Allete & Affiliated Companies Retirement Plan C ranks in the 97th 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 Defined Benefit (Pension) plans are similar in size to Allete & Affiliated Companies Retirement Plan C? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Westlake Defined Benefit Plan in TX ($427M, 1,076 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Allete & Affiliated Companies Retirement Plan C? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Toledo Roofers Local No 134 Pension Plan in OH (171 participants, $33M 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.