Defined Benefit (Pension) · DOL Form 5500 · 2024
Knife River Corporation Salaried Employees' Pension Plan
Data updated 2026-05-15
- $25M
- Total assets
- 24
- Participants
- 74th
- Percentile by assets
- $1.0M
- Avg per participant
Sponsored by Knife River Corporation · North Dakota · Construction
What the 2024 filing shows
Knife River Corporation Salaried Employees' Pension Plan holds $25M for 24 participants - about $1.0M per participant, above the median plan by assets, down 6.3% over the 2024 plan year.
- $25M
- total plan assets (2024 EOY)
- 24
- covered participants
- 74th
- percentile by assets (of 116,472 plans)
- $1.0M
- avg assets per participant
The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Defined Benefit (Pension) · DOL Form 5500 · 2024
What the Filing Says About Knife River Corporation Salaried Employees' Pension Plan
Knife River Corporation Salaried Employees' Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by Knife River Corporation, headquartered in North Dakota. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $25M in total end-of-year assets and covers 24 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 921008893, and the plan has been effective since 1979-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets pulled back noticeably from $27M at the beginning of 2024 to $25M at year-end - down 6.3%. Net assets (after liabilities) closed the year at $25M, with reported net income of -$2M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.
Across the 2 plan years Knife River Corporation has on file with PlainRetire (2023-2024), sponsor-wide plan assets have moved from $768M to $881M, a gain of 14.8%, while reported participants moved from 5,300 to 5,351 (+1.0%). Year-by-year, sponsor-wide filings show: 2023 - $768M in assets across 2 plans covering 5,300 participants; 2024 - $881M in assets across 2 plans covering 5,351 participants.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank Knife River Corporation Salaried Employees' Pension Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.
Financial Summary (2024)
| Total Assets (Beginning of Year) | $27M |
|---|---|
| Total Assets (End of Year) | $25M |
| Net Assets (End of Year) | $25M |
| Net Income | -$2M |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 921008893 |
| Plan Effective Date | 1979-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Knife River Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2023 | 2 | 5,300 | $768M |
| 2024 | 2 | 5,351 | $881M |
Nearby Defined Benefit (Pension) Plans in North Dakota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Clark Equipment Company Retirement Plan (Plan 50) $101M · 125
- Mdu Resources Group, Inc. Pension Plan for Non-Bargaining Unit Employees $90M · 118
- Altru Health System Cash Balance Plan $84M · 1,282
- Doosan Pension Plan Number One $55M · 410
- Mdu Resources Group, Inc. Pension Plan for Collective Bargaining Unit Employees $52M · 111
Frequently Asked Questions
How much money is in the Knife River Corporation Salaried Employees' Pension Plan? ▼
What type of plan is Knife River Corporation Salaried Employees' Pension Plan? ▼
Who sponsors the Knife River Corporation Salaried Employees' Pension Plan? ▼
How did Knife River Corporation Salaried Employees' Pension Plan perform in 2024? ▼
What this filing means
Ways to act on Knife River Corporation Salaried Employees' Pension Plan's numbers.
- By total assets, Knife River Corporation Salaried Employees' Pension Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in North Dakota. Compare plans
- Knife River Corporation's sponsor-wide assets have grown 14.8% since 2023 across 2 plan years on file. More Construction plans
- A Defined Benefit (Pension) plan works differently from other retirement plan types, understand the structural differences before comparing. Compare plan types
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 921008893.
Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainRetire is rendered directly from the Department of Labor's Form 5500 annual return filings, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.