Other · DOL Form 5500 · 2024
Mayo Clinic Retirement Plan
Data updated 2026-08-25
- $12.8B
- Total assets Mega-plan scale
- 85,933
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $148,943
- Avg per participant Above avg balance/head
Official DOL plan name: Mayo 403(b) Plan · Sponsored by Mayo Clinic · Minnesota · Healthcare & Social Assistance
$12.8B in assets, 85,933 participants
Mayo Clinic's Mayo 403(b) Plan reported $12.8B in total assets and 85,933 participants in its 2024 DOL Form 5500 filing, ranking in the 100th 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.
- #16,910 in Healthcare & Social Assistance (16,916 peers)
Coverage in Minnesota
Mayo 403(b) Plan covers 85,933 participants in Minnesota, 76x the typical Minnesota plan (state average ~1,126 per filing). Assets: $12.8B.
- #16,910
- in Healthcare & Social Assistance (16,916 peers)
- +14.2%
- assets growth YoY
- 128×
- vs typical plan assets (national mean)
Mayo 403(b) Plan's outsized position by total assets
Mayo 403(b) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$12,799,106,312 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Mayo 403(b) Plan's mega-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 403(b) Plan is a mega filing (85,933 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Mayo 403(b) Plan end-of-year assets rose from $11.2B in the plan year 2023 filing to $12.8B in the plan year 2024 filing.
- Mayo 403(b) Plan reported net income fell from $1.8B in the plan year 2023 filing to $1.6B in the plan year 2024 filing.
- Mayo 403(b) Plan reported participants rose from 84,098 in the plan year 2023 filing to 85,933 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 416011702 · Mayo Clinic PY 2024 · Other
Mayo 403(b) Plan · $12.8B · 85,933 · 100th
- TYPE $12.8B
- TYPE 85,933
- TYPE 100th
- TYPE Other
- TYPE near Stanford Contributory Retirement Plan
- TYPE ind #16910
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 403(b) Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $11.2B |
|---|---|
| Net Assets (End of Year) | $12.8B |
| Net Income | $1.6B |
| Employer EIN | 416011702 |
| Plan Effective Date | 1971-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Mayo Clinic)
Sponsor-wide plan assets over time
All Mayo Clinic plans reported in each filing year
- Latest sponsor-wide plan assets
- $24.6B 24.614502961338893% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 147,366 | $19.8B |
| 2023 | 2 | 153,253 | $22.2B |
| 2024 | 2 | 157,676 | $24.6B |
Nearby Other Plans in Minnesota
Peer Other plans, same state, same plan type, ranked by total assets.
- Childrens Hospitals and Clinics Matched Savings Plan $938M · 5,750
- Centracare Health System 403(b) Plan $867M · 8,227
- Carpenters & Joiners Defined Contribution Plan $811M · 22,289
- University of St. Thomas Retirement Plan $460M · 2,357
- Carleton College Defined Contribution Plan $397M · 906
Scale composition for Mayo 403(b) Plan
Mayo 403(b) Plan reports $12.8B in end-of-year assets across 85,933 participants (0.10% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.091% of 93,925,755 covered participants) - about $148,943 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2024 was $1.6B.
This plan identity (EIN 416011702, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $9.5B to $12.8B (+35.4%) while covered participants moved from 80,932 to 85,933 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 80,932 | $9.5B | Open filing |
| 2023 | 84,098 | $11.2B | Open filing |
| 2024 · index core | 85,933 | $12.8B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Mayo Pension Plan (Defined Benefit (Pension), $11.8B, 71,743 participants)
Mayo 403(b) Plan's out-of-state Other peers by assets and headcount
Outside Minnesota, the nearest Other by assets is Stanford Contributory Retirement Plan in CA ($12.6B); by covered participants it is Upmc 403(b) Retirement Savings Plan in PA (78,872 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($12.8B here).
- Stanford Contributory Retirement Plan (CA) $12.6B · 22,753
- The Duke University Faculty and Staff Retirement Plan (NC) $11.0B · 48,377
- Northwell Health 403(b) Plan (NY) $10.9B · 44,511
- The Mount Sinai Medical Center 403(b) Retirement Plan (NY) $9.5B · 46,826
Similar participant headcount
Nearest other-state filings by covered participants (85,933 participants); asset peers above are excluded.
- Upmc 403(b) Retirement Savings Plan (PA) 78,872 · 7,061 off
- Sutter Health 403(b) Savings Plan (CA) 54,954 · 30,979 off
- The Retirement Savings Plan (NY) 45,574 · 40,359 off
- Fca US LLC UAW Savings Plan (MI) 44,591 · 41,342 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.