401(k) · DOL Form 5500 · 2023

Convergeone Holdings, Inc. 401(k) Plan

Data updated 2026-08-25

$334M
Total assets Above avg plan size
2,665
Participants Above avg headcount
96th
Percentile by assets National rank
$125,249
Avg per participant Near avg balance/head
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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.

  • #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.

#6,152
in Wholesale Trade (6,309 peers)
+10.7%
assets growth YoY
3.3×
vs typical plan assets (national mean)

Convergeone 401(k) Plan's outsized position 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

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

Convergeone 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Convergeone 401(k) Plan lands in the large band (2,665 participants).

What changed between DOL Form 5500 filings

plan year 2022 → 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 →

EBSA filing schedule strip

Filing strip 814619427 · Convergeone Holdings, Inc. PY 2023 · 401(k)

Convergeone 401(k) Plan · $334M · 2,665 · 96th

  • NET $334M
  • BOOK 2,665
  • VS-ST 96th
  • BOY 401(k)
  • SCH near Global Infrastructure Savings Plan
  • EBSA ind #6152

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 Wholesale Trade retirement plans → · Plans in Minnesota →

Convergeone 401(k) Plan in the asset neighbourhood

Fisher & Phillips LLP Savings and Profit Sharing PlanFisher & Phillips LLP Saving…$334MOasis 401(k) Plan$334MConvergeone 401(k) Plan$334MGlobal Infrastructure Savings PlanGlobal Infrastructure Saving…$334MBig Lots Savings Plan$334M
End-of-year total assets ($M) among Convergeone 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$301M
Net Assets (End of Year)$334M
Net Income$32M
Employer EIN814619427
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Convergeone Holdings, Inc.)

Sponsor-wide plan assets over time

All Convergeone Holdings, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$348M 15.485645343412985% vs 2022
2024 filing year
$280M$300M$320M$340M$360M 202220232024 $301M $348M ▲ +15.5%
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 Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Convergeone 401(k) Plan, Total assets ($B): 0.333789215 · Participants: 2665Convergeone 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
Convergeone 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Convergeone 401(k) Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Global Infrastructure Savings Plan in CA ($334M); by covered participants it is Safe Harbor Marinas 401(k) Retirement Savings Plan in TX (2,663 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($334M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,665 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 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).
Which 401(k) plans cover a similar participant headcount to Convergeone 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Safe Harbor Marinas 401(k) Retirement Savings Plan in TX (2,663 participants, $103M 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 814619427.

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.