401(k) · DOL Form 5500 · 2024
Allete, Inc. 401(k) Plan
Data updated 2026-08-25
- $606M
- Total assets Above avg plan size
- 1,569
- Participants Near avg headcount
- 98th
- Percentile by assets National rank
- $386,024
- Avg per participant High balance/head
Official DOL plan name: Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan · Sponsored by Allete, Inc. · Minnesota · Utilities
$606M in assets, 1,569 participants
Allete, Inc.'s Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan reported $606M in total assets and 1,569 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.
- #604 in Utilities (732 peers)
Where Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan sits by assets
Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan sits in the top 5% of all filed plans by assets, $606M for 1,569 participants (~$386,024/participant), up 10.9% in 2024.
- #604
- in Utilities (732 peers)
- +10.9%
- assets growth YoY
- 6.1×
- vs typical plan assets (national mean)
Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan's outsized position by total assets
Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$605,672,357 Top 2% higher than 98% 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
Allete and Affiliated Companies Retirement Savings and Stock Ownership 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. Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan lands in the large band (1,569 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan end-of-year assets rose from $546M in the plan year 2023 filing to $606M in the plan year 2024 filing.
- Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan reported participants rose from 1,433 in the plan year 2023 filing to 1,569 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 410418150 · Allete, Inc. PY 2024 · 401(k)
Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan · $606M · 1,569 · 98th
- RANK $606M
- PHOTO 1,569
- IND 98th
- EOY 401(k)
- 5500 near Fortrea 401(k) Plan
- ASSETS ind #604
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 Utilities retirement plans → · Plans in Minnesota →
Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $546M |
|---|---|
| Net Assets (End of Year) | $606M |
| Net Income | $60M |
| Employer EIN | 410418150 |
| Plan Effective Date | 1970-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Allete, Inc.)
Sponsor-wide plan assets over time
All Allete, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.2B 14.134002992784422% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 1,910 | $1.1B |
| 2023 | 3 | 1,923 | $1.1B |
| 2024 | 3 | 2,021 | $1.2B |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Fortrea 401(k) Plan in NC ($606M); by covered participants it is Alter Domus 401(k) Plan in IL (1,569 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($606M here).
- Fortrea 401(k) Plan (NC) $606M · 4,771
- Plexus Corp. 401(k) Retirement Plan (WI) $606M · 3,233
- Electric Power Research Institute, Inc. 401(k) Plan (CA) $605M · 1,263
- Veradigm LLC. Retirement Savings Plan (NC) $605M · 1,690
Similar participant headcount
Nearest other-state filings by covered participants (1,569 participants); asset peers above are excluded.
- Alter Domus 401(k) Plan (IL) 1,569 · 0 off
- Personal Healthcare Management, LLC 401(k) Plan (NY) 1,569 · 0 off
- Empire Today, LLC 401(k) Profit Sharing Plan (IL) 1,569 · 0 off
- Endeavor Air Pilot Savings Plan (GA) 1,569 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.