401(k) · DOL Form 5500 · 2023

Trustees of South Central Minnesota Elec Workers Retirement and 401(k) 401(k) Plan

Data updated 2026-08-11

$307M
Total assets: 1,480
Participants: 96th
Percentile by assets: $207,132
Avg per participant

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.

96th percentile by assets (of 127,072 plans)
#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.

$307M
total plan assets (2023 EOY): 1,480
covered participants: 96th
percentile by assets (of 127,072 plans): $207,132
avg assets per participant

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.

See the national 2022→2023 release diff →

State

Minnesota

Industry

Construction

South Central Minnesota Electrical Workers Retirement and 401(k) Plan vs the 2023 asset distribution

By assets, South Central Minnesota Electrical Workers Retirement and 401(k) Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 3.1x the national average plan size of $100M (721 average participants).

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))

Total plan assets by year, all Trustees of South Central Minnesota Elec Workers Retirement and 401(k) plans on file

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.

South Central Minnesota Electrical Workers Retirement and 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

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

Compare South Central Minnesota Electrical Worke… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to South Central Minnesota Electrical Workers Retirement and 401(k) Plan by total assets, not by location.

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

Frequently Asked Questions

How did South Central Minnesota Electrical Workers Retirement and 401(k) Plan assets move in 2023? ▼

South Central Minnesota Electrical Workers Retirement and 401(k) Plan grew sharply - up 15.2% during 2023, from $266M to $307M. Reported net income was $40M.

How have Trustees of South Central Minnesota Elec Workers Retirement and 401(k) plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of South Central Minnesota Elec Workers Retirement and 401(k)'s sponsor-wide assets grew 26.3%, from $266M to $336M.

Where does South Central Minnesota Electrical Workers Retirement and 401(k) Plan rank by assets among Form 5500 filers? ▼

South Central Minnesota Electrical Workers Retirement and 401(k) Plan ranks in the 96th 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 South Central Minnesota Electrical Workers Retirement and 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Encova Insurance 401(k) Plan in OH ($307M, 1,160 participants).

Next read for South Central Minnesota Electrical Worke…

Scale reading

Ways to act on South Central Minnesota Electrical Workers Retirement and 401(k) Plan's numbers.

By total assets, South Central Minnesota Electrical Workers Retirement and 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Trustees of South Central Minnesota Elec Workers Retirement and 401(k)'s sponsor-wide assets have grown 26.3% since 2022 across 3 plan years on file. More Construction plans

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 411390063.