401(k) · DOL Form 5500 · 2024

University of Minnesota Physicians 401(k) Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
4,568
Participants Above avg headcount
99th
Percentile by assets National rank
$242,169
Avg per participant Above avg balance/head
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Official DOL plan name: University of Minnesota Physicians Retirement Savings and 401(k) Plan · Sponsored by University of Minnesota Physicians · Minnesota · Healthcare & Social Assistance

$1.1B in assets, 4,568 participants

University of Minnesota Physicians's University of Minnesota Physicians Retirement Savings and 401(k) Plan reported $1.1B in total assets and 4,568 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #16,697 in Healthcare & Social Assistance (16,916 peers)

Coverage in Minnesota

University of Minnesota Physicians Retirement Savings and 401(k) Plan covers 4,568 participants in Minnesota, 4.1x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.1B.

#16,697
in Healthcare & Social Assistance (16,916 peers)
+18.6%
assets growth YoY
11×
vs typical plan assets (national mean)

University of Minnesota Physicians Retirement Savings and 401(k) Plan's outsized position by total assets

University of Minnesota Physicians Retirement Savings and 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,106,225,726 Top 1% higher than 99% of 123,620 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 2024

University of Minnesota Physicians Retirement Savings and 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. University of Minnesota Physicians Retirement Savings and 401(k) Plan lands in the large band (4,568 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • University of Minnesota Physicians Retirement Savings and 401(k) Plan end-of-year assets rose from $933M in the plan year 2023 filing to $1.1B in the plan year 2024 filing.
  • University of Minnesota Physicians Retirement Savings and 401(k) Plan reported participants rose from 4,047 in the plan year 2023 filing to 4,568 in the plan year 2024 filing.
  • University of Minnesota Physicians Retirement Savings and 401(k) Plan reported net income fell from $193M in the plan year 2023 filing to $174M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 411843943 · University of Minnesota Physicians PY 2024 · 401(k)

University of Minnesota Physicians Retirement Savings and 401(k) Plan · $1.1B · 4,568 · 99th

  • TYPE $1.1B
  • TYPE 4,568
  • TYPE 99th
  • TYPE 401(k)
  • TYPE near Chick-Fil-a, Inc. 401(k) Plan
  • TYPE ind #16697

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 →

University of Minnesota Physicians Retirement Savings and 401(k) Plan in the asset neighbourhood

University of Minnesota Physicians Retirement Savings and 401(k) PlanUniversity of Minnesota Phys…$1.1BChick-Fil-a, Inc. 401(k) Plan$1.1BThe Lincoln Electric Company Employee Savings PlanThe Lincoln Electric Company…$1.1BThe Atlas Air, Inc. Retirement PlanThe Atlas Air, Inc. Retireme…$1.1BInfosys Limited Tax Savings 401(k) Safe Harbor PlanInfosys Limited Tax Savings …$1.1B
End-of-year total assets ($B) among University of Minnesota Physicians Retirement Savings and 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$933M
Net Assets (End of Year)$1.1B
Net Income$174M
Employer EIN411843943
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (University of Minnesota Physicians)

Sponsor-wide plan assets over time

All University of Minnesota Physicians plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 49.601820860924555% vs 2022
2024 filing year
$0.6B$0.8B$1B$1.2B 202220232024 $0.74B $1.11B ▲ +50.0%
Year Plans Participants Total Assets
2022 1 3,865 $739M
2023 1 4,047 $933M
2024 1 4,568 $1.1B

Nearby 401(k) Plans in Minnesota

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

University of Minnesota Physicians Retirement Savings and 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants University of Minnesota Physicians Retirement Savings and 401(k) Plan, Total assets ($B): 1.106225726 · Participants: 4568University of Minnesota Physicians Retirement Savings and 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Savings Plan
University of Minnesota Physicians Retirement Savings and 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

University of Minnesota Physicians Retirement Savings and 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Chick-Fil-a, Inc. 401(k) Plan in GA ($1.1B); by covered participants it is Sentry 401(k) Plan in WI (4,565 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (4,568 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did University of Minnesota Physicians Retirement Savings and 401(k) Plan assets move in 2024?
University of Minnesota Physicians Retirement Savings and 401(k) Plan grew sharply - up 18.6% during 2024, from $933M to $1.1B. Reported net income was $174M.
How have University of Minnesota Physicians plan assets changed over time?
Across 3 plan years on file (2022-2024), University of Minnesota Physicians's sponsor-wide assets grew 49.6%, from $739M to $1.1B.
Where does University of Minnesota Physicians Retirement Savings and 401(k) Plan rank by assets among Form 5500 filers?
University of Minnesota Physicians Retirement Savings and 401(k) Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to University of Minnesota Physicians Retirement Savings and 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Chick-Fil-a, Inc. 401(k) Plan in GA ($1.1B, 5,163 participants).
Which 401(k) plans cover a similar participant headcount to University of Minnesota Physicians Retirement Savings and 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Sentry 401(k) Plan in WI (4,565 participants, $1.9B in assets).