401(k) · DOL Form 5500 · 2023

Convergeone Holdings, Inc. 401(k) Plan

Data updated 2026-08-11

$334M
Total assets: 2,665
Participants: 96th
Percentile by assets: $125,249
Avg per participant

Official DOL plan name: Convergeone 401(k) Plan · Sponsored by Convergeone Holdings, Inc. · Minnesota · Wholesale Trade

$334M in assets, 2,665 participants

Convergeone Holdings, Inc.'s Convergeone 401(k) Plan reported $334M in total assets and 2,665 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 127,072 plans)
#6,152 in Wholesale Trade (6,309 peers)

Coverage in Minnesota

Convergeone 401(k) Plan covers 2,665 participants in Minnesota, 2.4x the typical Minnesota plan (state average ~1,126 per filing). Assets: $334M.

$334M
total plan assets (2023 EOY): 2,665
covered participants: 96th
percentile by assets (of 127,072 plans): $125,249
avg assets per participant

Where Convergeone 401(k) Plan sits by total assets

Convergeone 401(k) Plan vs every filed plan by assets

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

$333,789,215 Top 4% higher than 96% 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

Convergeone 401(k) Plan reported net income rose from -$40M in the plan year 2022 filing to $32M in the plan year 2023 filing.
Convergeone 401(k) Plan end-of-year assets rose from $301M in the plan year 2022 filing to $334M in the plan year 2023 filing.
Convergeone 401(k) Plan reported participants fell from 2,981 in the plan year 2022 filing to 2,665 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Minnesota

Industry

Wholesale Trade

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Convergeone 401(k) Plan reports 2,665 participants - 2.4x that state average ($334M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$301M
Net Assets (End of Year)	$334M
Net Income	$32M
Employer EIN	814619427
Plan Effective Date	1996-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Convergeone Holdings, Inc.)

Total plan assets by year, all Convergeone Holdings, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	2,981	$301M
2023	1	2,665	$334M
2024	1	2,155	$348M

Nearby 401(k) Plans in Minnesota

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

Convergeone 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
Target Corporation 401(k) Plan $13.0B · 432,617
Medtronic Savings and Investment Plan $12.9B · 44,342
3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
U.S. Bank 401(k) Savings Plan $10.3B · 75,272

Compare Convergeone 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Convergeone 401(k) Plan by total assets, not by location.

Global Infrastructure Savings Plan (CA) $334M · 959
Big Lots Savings Plan (OH) $334M · 23,821
Oasis 401(k) Plan (MA) $334M · 1,934
Fisher & Phillips LLP Savings and Profit Sharing Plan (GA) $334M · 1,050

Frequently Asked Questions

How did Convergeone 401(k) Plan assets move in 2023? ▼

Convergeone 401(k) Plan grew at a solid clip - up 10.7% during 2023, from $301M to $334M. Reported net income was $32M.

How have Convergeone Holdings, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Convergeone Holdings, Inc.'s sponsor-wide assets grew 15.5%, from $301M to $348M.

Where does Convergeone 401(k) Plan rank by assets among Form 5500 filers? ▼

Convergeone 401(k) Plan ranks in the 96th 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 Convergeone 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Global Infrastructure Savings Plan in CA ($334M, 959 participants).

Next read for Convergeone 401(k) Plan

Filing takeaways

Ways to act on Convergeone 401(k) Plan's numbers.

By total assets, Convergeone 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Convergeone Holdings, Inc.'s sponsor-wide assets have grown 15.5% since 2022 across 3 plan years on file. More Wholesale Trade plans

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 814619427.