401(k) · DOL Form 5500 · 2023

North Memorial Health 401(k) Plan

Data updated 2026-08-11

$691M
Total assets
6,291
Participants
98th
Percentile by assets
$109,918
Avg per participant
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Official DOL plan name: North Memorial Health Care 401(k) Plan · Sponsored by North Memorial Health · Minnesota · Healthcare & Social Assistance

$691M in assets, 6,291 participants

North Memorial Health's North Memorial Health Care 401(k) Plan reported $691M in total assets and 6,291 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • 98th percentile by assets (of 127,072 plans)
  • #17,370 in Healthcare & Social Assistance (17,684 peers)

Coverage in Minnesota

North Memorial Health Care 401(k) Plan covers 6,291 participants in Minnesota, 5.6x the typical Minnesota plan (state average ~1,126 per filing). Assets: $691M.

$691M
total plan assets (2023 EOY)
6,291
covered participants
98th
percentile by assets (of 127,072 plans)
$109,918
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • North Memorial Health Care 401(k) Plan reported net income rose from -$101M in the plan year 2022 filing to $91M in the plan year 2023 filing.
  • North Memorial Health Care 401(k) Plan reported participants rose from 4,295 in the plan year 2022 filing to 6,291 in the plan year 2023 filing.
  • North Memorial Health Care 401(k) Plan end-of-year assets rose from $482M in the plan year 2022 filing to $691M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Minnesota
Industry
Healthcare & Social Assistance

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. North Memorial Health Care 401(k) Plan reports 6,291 participants - 5.6x that state average ($691M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)$482M
Net Assets (End of Year)$574M
Net Income$91M
Employer EIN410729979
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (North Memorial Health)

$400M$500M$600M$700M$800M$900M 202220232024 $523M $778M ▲ +48.9%
Total plan assets by year, all North Memorial Health plans on file
Year Plans Participants Total Assets
2022 2 4,484 $523M
2023 2 6,450 $696M
2024 1 6,766 $778M

Nearby 401(k) Plans in Minnesota

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

North Memorial Health Care 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

North Memorial Health Care 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 North Memorial Healt…Unitedhealth Group 4…Target Corporation 4…Medtronic Savings an…3M Voluntary Investm…U.S. Bank 401(k) Sav…
North Memorial Health Care 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare North Memorial Health Care 401(k) Plan side-by-side with 3 peers →

Scale composition for North Memorial Health Care 401(k) Plan

North Memorial Health Care 401(k) Plan reports $691M in end-of-year assets across 6,291 participants (0.006% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $109,918 per participant (80% of the national average assets-per-participant) . Net income for plan year 2023 was $91M.

This plan identity (EIN 410729979, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $482M to $778M (+61.4%) while covered participants moved from 4,295 to 6,766 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 4,295 $482M Open filing
2023 6,291 $691M This page
2024 · index core 6,766 $778M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to North Memorial Health Care 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did North Memorial Health Care 401(k) Plan assets move in 2023? ▼
North Memorial Health Care 401(k) Plan surged - up 43.4% during 2023, from $482M to $691M. Reported net income was $91M.
How have North Memorial Health plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North Memorial Health's sponsor-wide assets grew 48.9%, from $523M to $778M.
Where does North Memorial Health Care 401(k) Plan rank by assets among Form 5500 filers? ▼
North Memorial Health Care 401(k) Plan ranks in the 98th 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 North Memorial Health Care 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sparrow Health System Associate Retirement Savings Plan in MI ($692M, 3,647 participants).

Next read for North Memorial Health Care 401(k) Plan

Filing takeaways

Ways to act on North Memorial Health Care 401(k) Plan's numbers.

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 410729979.

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.