Money Purchase · DOL Form 5500 · 2023

Minnkota Power Cooperative, Inc. Money Purchase Plan

Data updated 2026-08-25

$80M
Total assets Below avg plan size
361
Participants Below avg headcount
90th
Percentile by assets National rank
$222,382
Avg per participant Above avg balance/head
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Official DOL plan name: Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B · Sponsored by Minnkota Power Cooperative, Inc. · North Dakota · Utilities

$80M in assets, 361 participants

Minnkota Power Cooperative, Inc.'s Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B reported $80M in total assets and 361 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #432 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B ranks #432 of 721 2023 filers by assets (669% of the sector average)-$80M for 361 participants.

#432
in Utilities (721 peers)
+14.6%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B's outsized position by total assets

Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B vs every filed plan by assets

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

$80,279,730 Top 10% higher than 90% 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

Minnkota Power Cooperative, Inc. Employees Pension Plan -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. Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B sits mid-pack in the medium band (361 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B reported net income rose from -$13M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B end-of-year assets rose from $70M in the plan year 2022 filing to $80M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 450166406 · Minnkota Power Cooperative, Inc. PY 2023 · Money Purchase

Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B · $80M · 361 · 90th

  • SCH $80M
  • SCH 361
  • SCH 90th
  • SCH Money Purchase
  • SCH near National Association of Realtors Pension Plan
  • SCH ind #432

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 North Dakota →

Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B in the asset neighbourhood

Wisconsin Glaziers & Glassworkers Money Purchase FundWisconsin Glaziers & Glasswo…$81MInsulators Local No. 37 Retirement PlanInsulators Local No. 37 Reti…$81MMinnkota Power Cooperative, Inc. Employees Pension Plan -Plan BMinnkota Power Cooperative, …$80MNational Association of Realtors Pension PlanNational Association of Real…$80MInternational Brotherhood of Electrical Workers Local Union 873 Retirement Plan and TrustInternational Brotherhood of…$80M
End-of-year total assets ($M) among Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$70M
Net Assets (End of Year)$80M
Net Income$10M
Employer EIN450166406
Plan Effective Date1961-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnkota Power Cooperative, Inc.)

Sponsor-wide plan assets over time

All Minnkota Power Cooperative, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$169M 37.39444569682429% vs 2022
2024 filing year
$100M$120M$140M$160M$180M 202220232024 $123M $169M ▲ +37.4%
Year Plans Participants Total Assets
2022 3 1,123 $123M
2023 3 1,055 $146M
2024 3 1,157 $169M

Nearby Money Purchase Plans in North Dakota

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B vs. nearby Money Purchase plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -505101520 Total assets ($B) Participants Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B, Total assets ($B): 0.08027973 · Participants: 361Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan BNational Electrical Annuity Plan, Total assets ($B): 15.807345093 · Participants: 84425National Electrical Annuity PlanThe Permanente Contribution Plan of the Permanente Medical Group, Inc., Total assets ($B): 6.965801295 · Participants: 18060The Permanente Contribution Plan of the Permanente Medical Group, Inc.Tiaa Retirement Plan, Total assets ($B): 5.254874957 · Participants: 12501Tiaa Retirement PlanKaiser Permanente Supplemental Savings and Retirement Plan, Total assets ($B): 5.097985049 · Participants: 36330Kaiser Permanente Supplemental Savings and Retirement PlanUniversity of Southern California Defined Contribution Retirement Plan, Total assets ($B): 4.426886727 · Participants: 20136University of Southern California Defined Contribution Retirement Plan
Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B vs. nearby Money Purchase plans in North Dakota, assets vs. participants
Compare Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B side-by-side with 3 peers →

Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B's out-of-state Money Purchase peers by assets and headcount

Outside North Dakota, the nearest Money Purchase by assets is National Association of Realtors Pension Plan in IL ($80M); by covered participants it is Local 553 Deferred Compensation Fund in NY (361 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (361 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 Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B assets move in 2023? ▼
Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B grew at a solid clip - up 14.6% during 2023, from $70M to $80M. Reported net income was $10M.
How have Minnkota Power Cooperative, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnkota Power Cooperative, Inc.'s sponsor-wide assets grew 37.4%, from $123M to $169M.
Where does Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B rank by assets among Form 5500 filers? ▼
Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B ranks in the 90th 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 Money Purchase plans are similar in size to Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B? ▼
Among Money Purchase plans in other states, the closest by assets is National Association of Realtors Pension Plan in IL ($80M, 401 participants).
Which Money Purchase plans cover a similar participant headcount to Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B? ▼
Among Money Purchase plans in other states, the closest by covered participants is Local 553 Deferred Compensation Fund in NY (361 participants, $46M 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 450166406.

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.