Defined Benefit (Pension) · DOL Form 5500 · 2023

Southern Minnesota Beet Sugar Cooperative Pension Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
208
Participants Below avg headcount
75th
Percentile by assets National rank
$109,534
Avg per participant Below avg balance/head
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Official DOL plan name: Southern Minnesota Beet Sugar Cooperative Retirement Plan B · Sponsored by Southern Minnesota Beet Sugar Cooperative · Minnesota · Agriculture, Forestry & Fishing

$23M in assets, 208 participants

Southern Minnesota Beet Sugar Cooperative's Southern Minnesota Beet Sugar Cooperative Retirement Plan B reported $23M in total assets and 208 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

  • #1,060 in Agriculture, Forestry & Fishing (1,288 peers)

Coverage in Minnesota

Southern Minnesota Beet Sugar Cooperative Retirement Plan B covers 208 participants in Minnesota, about 18% of the average Minnesota filer (state average ~1,126 per filing). Assets: $23M.

#1,060
in Agriculture, Forestry & Fishing (1,288 peers)
+6.4%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Southern Minnesota Beet Sugar Cooperative Retirement Plan B's outsized position by total assets

Southern Minnesota Beet Sugar Cooperative Retirement Plan B vs every filed plan by assets

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

$22,783,031 Top 25% higher than 75% 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

Southern Minnesota Beet Sugar Cooperative Retirement 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. Southern Minnesota Beet Sugar Cooperative Retirement Plan B sits mid-pack in the medium band (208 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southern Minnesota Beet Sugar Cooperative Retirement Plan B reported net income rose from -$4M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Southern Minnesota Beet Sugar Cooperative Retirement Plan B reported participants fell from 233 in the plan year 2022 filing to 208 in the plan year 2023 filing.
  • Southern Minnesota Beet Sugar Cooperative Retirement Plan B end-of-year assets rose from $21M in the plan year 2022 filing to $23M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 410997475 · Southern Minnesota Beet Sugar Cooperative PY 2023 · Defined Benefit (Pension)

Southern Minnesota Beet Sugar Cooperative Retirement Plan B · $23M · 208 · 75th

  • IND $23M
  • EOY 208
  • 5500 75th
  • ASSETS Defined Benefit (Pension)
  • PCT near Lakeside Bank Retirement Plan
  • EIN ind #1060

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 Agriculture, Forestry & Fishing retirement plans → · Plans in Minnesota →

Southern Minnesota Beet Sugar Cooperative Retirement Plan B in the asset neighbourhood

Southern Minnesota Beet Sugar Cooperative Retirement Plan BSouthern Minnesota Beet Suga…$23MLakeside Bank Retirement Plan$23MGroup Pension Plan for Salaried Ees of Keystone Powdered Metal CoGroup Pension Plan for Salar…$23MA O Smith Retirement Plan$23MLocal 840 I. B. of T. Pension FundLocal 840 I. B. of T. Pensio…$23M
End-of-year total assets ($M) among Southern Minnesota Beet Sugar Cooperative Retirement Plan B and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$23M
Net Income$1M
Employer EIN410997475
Plan Effective Date1978-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Minnesota Beet Sugar Cooperative)

Sponsor-wide plan assets over time

All Southern Minnesota Beet Sugar Cooperative plans reported in each filing year

Latest sponsor-wide plan assets
$50M 29.36919203426656% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $38.4M $49.7M ▲ +29.4%
Year Plans Participants Total Assets
2022 2 512 $38M
2023 2 339 $43M
2024 2 389 $50M

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Southern Minnesota Beet Sugar Cooperative Retirement Plan B vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Southern Minnesota Beet Sugar Cooperative Retirement Plan B, Total assets ($B): 0.022783031 · Participants: 208Southern Minnesota Beet Sugar Cooperative Retirement Plan B3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank Pension Plan
Southern Minnesota Beet Sugar Cooperative Retirement Plan B vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Southern Minnesota Beet Sugar Cooperative Retirement Plan B side-by-side with 3 peers →

Southern Minnesota Beet Sugar Cooperative Retirement Plan B's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Lakeside Bank Retirement Plan in IL ($23M); by covered participants it is Southwestern Energy Company Pension Plan in TX (208 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($23M here).

Similar participant headcount

Nearest other-state filings by covered participants (208 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 Southern Minnesota Beet Sugar Cooperative Retirement Plan B assets move in 2023? ▼
Southern Minnesota Beet Sugar Cooperative Retirement Plan B grew at a solid clip - up 6.4% during 2023, from $21M to $23M. Reported net income was $1M.
How have Southern Minnesota Beet Sugar Cooperative plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Minnesota Beet Sugar Cooperative's sponsor-wide assets grew 29.4%, from $38M to $50M.
Where does Southern Minnesota Beet Sugar Cooperative Retirement Plan B rank by assets among Form 5500 filers? ▼
Southern Minnesota Beet Sugar Cooperative Retirement Plan B ranks in the 75th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Southern Minnesota Beet Sugar Cooperative Retirement Plan B? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Lakeside Bank Retirement Plan in IL ($23M, 124 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Southern Minnesota Beet Sugar Cooperative Retirement Plan B? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Southwestern Energy Company Pension Plan in TX (208 participants, N/A 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 410997475.

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.