401(k) · DOL Form 5500 · 2023
Trustees of South Central Minnesota Elec Workers Retirement and 401(k) 401(k) Plan
Data updated 2026-08-25
- $307M
- Total assets Above avg plan size
- 1,480
- Participants Near avg headcount
- 96th
- Percentile by assets National rank
- $207,132
- Avg per participant Above avg balance/head
Official DOL plan name: South Central Minnesota Electrical Workers Retirement and 401(k) Plan · Sponsored by Trustees of South Central Minnesota Elec Workers Retirement and 401(k) · Minnesota · Construction
$307M in assets, 1,480 participants
Trustees of South Central Minnesota Elec Workers Retirement and 401(k)'s South Central Minnesota Electrical Workers Retirement and 401(k) Plan reported $307M in total assets and 1,480 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.
- #8,625 in Construction (9,030 peers)
Where South Central Minnesota Electrical Workers Retirement and 401(k) Plan sits by assets
South Central Minnesota Electrical Workers Retirement and 401(k) Plan sits in the top 5% of all filed plans by assets, $307M for 1,480 participants (~$207,132/participant), up 15.2% in 2023.
- #8,625
- in Construction (9,030 peers)
- +15.2%
- assets growth YoY
- 3.1×
- vs typical plan assets (national mean)
South Central Minnesota Electrical Workers Retirement and 401(k) Plan's outsized position by total assets
South Central Minnesota Electrical Workers Retirement and 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$306,555,098 Top 4% higher than 96% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
South Central Minnesota Electrical Workers Retirement and 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. South Central Minnesota Electrical Workers Retirement and 401(k) Plan lands in the large band (1,480 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- South Central Minnesota Electrical Workers Retirement and 401(k) Plan reported net income rose from $32M in the plan year 2022 filing to $40M in the plan year 2023 filing.
- South Central Minnesota Electrical Workers Retirement and 401(k) Plan end-of-year assets rose from $266M in the plan year 2022 filing to $307M in the plan year 2023 filing.
- South Central Minnesota Electrical Workers Retirement and 401(k) Plan reported participants fell from 1,514 in the plan year 2022 filing to 1,480 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 411390063 · Trustees of South Central Minnesota Elec Workers Retirement and 401(k) PY 2023 · 401(k)
South Central Minnesota Electrical Workers Retirement and 401(k) Plan · $307M · 1,480 · 96th
- BOOK $307M
- BOOK 1,480
- BOOK 96th
- BOOK 401(k)
- BOOK near Encova Insurance 401(k) Plan
- BOOK ind #8625
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 Construction retirement plans → · Plans in Minnesota →
South Central Minnesota Electrical Workers Retirement and 401(k) Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $266M |
|---|---|
| Net Assets (End of Year) | $306M |
| Net Income | $40M |
| Employer EIN | 411390063 |
| Plan Effective Date | 1995-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of South Central Minnesota Elec Workers Retirement and 401(k))
Sponsor-wide plan assets over time
All Trustees of South Central Minnesota Elec Workers Retirement and 401(k) plans reported in each filing year
- Latest sponsor-wide plan assets
- $336M 26.325700144300352% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,514 | $266M |
| 2023 | 1 | 1,480 | $307M |
| 2024 | 1 | 1,577 | $336M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
South Central Minnesota Electrical Workers Retirement and 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Encova Insurance 401(k) Plan in OH ($307M); by covered participants it is Con Am 401(k) Retirement Plan in CA (1,480 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($307M here).
- Encova Insurance 401(k) Plan (OH) $307M · 1,160
- Digital Insurance, LLC 401(k) Plan (GA) $307M · 3,169
- Musco Profit Sharing and Employee Savings Plan (IA) $307M · 1,325
- Iuoe Local 399 Participating Employers Deferred Compensation Employee Savings Plan (IL) $306M · 7,215
Similar participant headcount
Nearest other-state filings by covered participants (1,480 participants); asset peers above are excluded.
- Con Am 401(k) Retirement Plan (CA) 1,480 · 0 off
- Davis Wright Tremaine LLP 401(k) Profit Sharing Plan (WA) 1,480 · 0 off
- Elite Casino Resorts 401(k) Plan (IA) 1,480 · 0 off
- Tirehub 401(k) Plan (GA) 1,480 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.