401(k) · DOL Form 5500 · 2024

Mayo Clinic Health System - Mankato 401(k) Plan

Data updated 2026-08-25

$256M
Total assets Near avg plan size
2,460
Participants Above avg headcount
95th
Percentile by assets National rank
$104,106
Avg per participant Below avg balance/head
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Official DOL plan name: Mayo Clinic Health System 401(a) Plan · Sponsored by Mayo Clinic Health System - Mankato · Minnesota · Healthcare & Social Assistance

$256M in assets, 2,460 participants

Mayo Clinic Health System - Mankato's Mayo Clinic Health System 401(a) Plan reported $256M in total assets and 2,460 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

  • #16,179 in Healthcare & Social Assistance (16,916 peers)

Coverage in Minnesota

Mayo Clinic Health System 401(a) Plan covers 2,460 participants in Minnesota, 2.2x the typical Minnesota plan (state average ~1,126 per filing). Assets: $256M.

#16,179
in Healthcare & Social Assistance (16,916 peers)
+2.9%
assets growth YoY
2.6×
vs typical plan assets (national mean)

Mayo Clinic Health System 401(a) Plan's outsized position by total assets

Mayo Clinic Health System 401(a) Plan vs every filed plan by assets

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

$256,101,358 Top 5% higher than 95% 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

Mayo Clinic Health System 401(a) 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. Mayo Clinic Health System 401(a) Plan lands in the large band (2,460 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mayo Clinic Health System 401(a) Plan reported net income fell from $19M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Mayo Clinic Health System 401(a) Plan reported participants fell from 2,618 in the plan year 2023 filing to 2,460 in the plan year 2024 filing.
  • Mayo Clinic Health System 401(a) Plan end-of-year assets rose from $249M in the plan year 2023 filing to $256M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 411236756 · Mayo Clinic Health System - Mankato PY 2024 · 401(k)

Mayo Clinic Health System 401(a) Plan · $256M · 2,460 · 95th

  • TYPE $256M
  • NET 2,460
  • BOOK 95th
  • VS-ST 401(k)
  • BOY near Chugach 401(k) Plan
  • SCH ind #16179

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 →

Mayo Clinic Health System 401(a) Plan in the asset neighbourhood

Dak Americas LLC Savings and Investment PlanDak Americas LLC Savings and…$256MMayo Clinic Health System 401(a) PlanMayo Clinic Health System 40…$256MChugach 401(k) Plan$256MGreat Dane LLC Employee's Retirement Savings PlanGreat Dane LLC Employee's Re…$256MQuorum Health Retirement Savings PlanQuorum Health Retirement Sav…$256M
End-of-year total assets ($M) among Mayo Clinic Health System 401(a) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$249M
Net Assets (End of Year)$256M
Net Income$7M
Employer EIN411236756
Plan Effective Date1974-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mayo Clinic Health System - Mankato)

Sponsor-wide plan assets over time

All Mayo Clinic Health System - Mankato plans reported in each filing year

Latest sponsor-wide plan assets
$256M 11.332721512337757% vs 2022
2024 filing year
$220M$230M$240M$250M$260M 202220232024 $230M $256M ▲ +11.3%
Year Plans Participants Total Assets
2022 1 2,893 $230M
2023 1 2,618 $249M
2024 1 2,460 $256M

Nearby 401(k) Plans in Minnesota

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

Mayo Clinic Health System 401(a) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Mayo Clinic Health System 401(a) Plan, Total assets ($B): 0.256101358 · Participants: 2460Mayo Clinic Health System 401(a) 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
Mayo Clinic Health System 401(a) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Mayo Clinic Health System 401(a) Plan side-by-side with 3 peers →

Mayo Clinic Health System 401(a) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Chugach 401(k) Plan in AK ($256M); by covered participants it is Advance America, Cash Advance Centers, Inc. Retirement Savings 401(k) Plan in SC (2,460 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($256M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,460 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 Mayo Clinic Health System 401(a) Plan assets move in 2024? ▼
Mayo Clinic Health System 401(a) Plan edged up modestly - up 2.9% during 2024, from $249M to $256M. Reported net income was $7M.
How have Mayo Clinic Health System - Mankato plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mayo Clinic Health System - Mankato's sponsor-wide assets grew 11.3%, from $230M to $256M.
Where does Mayo Clinic Health System 401(a) Plan rank by assets among Form 5500 filers? ▼
Mayo Clinic Health System 401(a) Plan ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Mayo Clinic Health System 401(a) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Chugach 401(k) Plan in AK ($256M, 2,574 participants).
Which 401(k) plans cover a similar participant headcount to Mayo Clinic Health System 401(a) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Advance America, Cash Advance Centers, Inc. Retirement Savings 401(k) Plan in SC (2,460 participants, $40M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411236756.

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.