401(k) · DOL Form 5500 · 2023

North Memorial Health 401(k) Plan

Data updated 2026-08-25

$691M
Total assets Above avg plan size
6,291
Participants Above avg headcount
98th
Percentile by assets National rank
$109,918
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#17,370
in Healthcare & Social Assistance (17,684 peers)
+43.4%
assets growth YoY
6.9×
vs typical plan assets (national mean)

North Memorial Health Care 401(k) Plan's outsized position by total assets

North Memorial Health Care 401(k) Plan vs every filed plan by assets

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

$691,495,723 Top 2% higher than 98% 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

North Memorial Health Care 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. North Memorial Health Care 401(k) Plan lands in the large band (6,291 participants).

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 →

Plan-year Form 5500 strip

Filing strip 410729979 · North Memorial Health PY 2023 · 401(k)

North Memorial Health Care 401(k) Plan · $691M · 6,291 · 98th

  • PART $691M
  • PART 6,291
  • PART 98th
  • PART 401(k)
  • PART near Sparrow Health System Associate Retirement Savings Plan
  • PART ind #17370

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 Healthcare & Social Assistance retirement plans → · Plans in Minnesota →

North Memorial Health Care 401(k) Plan in the asset neighbourhood

Amwins Group, Inc. 401(k) PlanAmwins Group, Inc. 401(k) Pl…$693MAvis Budget Group, Inc. Employee Savings PlanAvis Budget Group, Inc. Empl…$692MSparrow Health System Associate Retirement Savings PlanSparrow Health System Associ…$692MNorth Memorial Health Care 401(k) PlanNorth Memorial Health Care 4…$691MDsm North America Defined Contribution PlanDsm North America Defined Co…$691M
End-of-year total assets ($M) among North Memorial Health Care 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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)

Sponsor-wide plan assets over time

All North Memorial Health plans reported in each filing year

Latest sponsor-wide plan assets
$778M 48.93227847399774% vs 2022
2024 filing year
$400M$500M$600M$700M$800M$900M 202220232024 $523M $778M ▲ +48.9%
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 Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants North Memorial Health Care 401(k) Plan, Total assets ($B): 0.691495723 · Participants: 6291North Memorial Health Care 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
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:

North Memorial Health Care 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Sparrow Health System Associate Retirement Savings Plan in MI ($692M); by covered participants it is T. Rowe Price U.S. Retirement Program in MD (6,292 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($691M here).

Similar participant headcount

Nearest other-state filings by covered participants (6,291 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 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).
Which 401(k) plans cover a similar participant headcount to North Memorial Health Care 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is T. Rowe Price U.S. Retirement Program in MD (6,292 participants, $4.4B 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 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.