Defined Benefit (Pension) · DOL Form 5500 · 2023

Red Wing Shoe Company Pension Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
130
Participants Small participant base
80th
Percentile by assets National rank
$247,523
Avg per participant Above avg balance/head
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Official DOL plan name: Red Wing Shoe Company Retirement Plan · Sponsored by Red Wing Shoe Company · Minnesota · Manufacturing

$32M in assets, 130 participants

Red Wing Shoe Company's Red Wing Shoe Company Retirement Plan reported $32M in total assets and 130 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #13,531 in Manufacturing (18,722 peers)

Coverage in Minnesota

Red Wing Shoe Company Retirement Plan covers 130 participants in Minnesota, about 12% of the average Minnesota filer (state average ~1,126 per filing). Assets: $32M.

#13,531
in Manufacturing (18,722 peers)
-66.6%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $64M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Red Wing Shoe Company Retirement Plan's outsized position by total assets

Red Wing Shoe Company Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$32,177,998 Top 20% higher than 80% of 127,068 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 2023

Red Wing Shoe Company Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Red Wing Shoe Company Retirement Plan sits mid-pack in the medium band (130 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Red Wing Shoe Company Retirement Plan reported net income fell from -$2M in the plan year 2022 filing to -$64M in the plan year 2023 filing.
  • Red Wing Shoe Company Retirement Plan end-of-year assets fell from $96M in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • Red Wing Shoe Company Retirement Plan reported participants fell from 141 in the plan year 2022 filing to 130 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 410498220 · Red Wing Shoe Company PY 2023 · Defined Benefit (Pension)

Red Wing Shoe Company Retirement Plan · $32M · 130 · 80th

  • BOOK $32M
  • BOOK 130
  • BOOK 80th
  • BOOK Defined Benefit (Pension)
  • BOOK near Sheet Metal Workers Local #44 Retirement Income Plan
  • BOOK ind #13531

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 Manufacturing retirement plans → · Plans in Minnesota →

Red Wing Shoe Company Retirement Plan in the asset neighbourhood

Retirement Plan for Employees of Knouse Foods Cooperative, Inc.Retirement Plan for Employee…$32MSheet Metal Workers Local #44 Retirement Income PlanSheet Metal Workers Local #4…$32MRed Wing Shoe Company Retirement PlanRed Wing Shoe Company Retire…$32MGreater Lafayette Health Services, Inc. Pension Security PlanGreater Lafayette Health Ser…$32MQualstar Credit Union Defined Benefit PlanQualstar Credit Union Define…$32M
End-of-year total assets ($M) among Red Wing Shoe Company Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$96M
Net Assets (End of Year)$32M
Net Income-$64M
Employer EIN410498220
Plan Effective Date1954-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Red Wing Shoe Company)

Sponsor-wide plan assets over time

All Red Wing Shoe Company plans reported in each filing year

Latest sponsor-wide plan assets
$191M 25.188596736497892% vs 2022
2024 filing year
$180M$200M$220M$240M$260M$280M 202220232024 $255M $191M ▼ -25.2%
Year Plans Participants Total Assets
2022 2 2,104 $255M
2023 2 2,177 $217M
2024 1 2,011 $191M

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Red Wing Shoe Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Red Wing Shoe Company Retirement Plan, Total assets ($B): 0.032177998 · Participants: 130Red Wing Shoe Company Retirement Plan3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank Pension Plan
Red Wing Shoe Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Red Wing Shoe Company Retirement Plan side-by-side with 3 peers →

Red Wing Shoe Company Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Sheet Metal Workers Local #44 Retirement Income Plan in PA ($32M); by covered participants it is IBEW Local 840 Pension Fund in NY (130 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (130 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Red Wing Shoe Company Retirement Plan assets move in 2023? ▼
Red Wing Shoe Company Retirement Plan contracted severely - down 66.6% during 2023, from $96M to $32M. Reported net income was -$64M.
How have Red Wing Shoe Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Red Wing Shoe Company's sponsor-wide assets declined 25.2%, from $255M to $191M.
Where does Red Wing Shoe Company Retirement Plan rank by assets among Form 5500 filers? ▼
Red Wing Shoe Company Retirement Plan ranks in the 80th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Red Wing Shoe Company Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sheet Metal Workers Local #44 Retirement Income Plan in PA ($32M, 195 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Red Wing Shoe Company Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is IBEW Local 840 Pension Fund in NY (130 participants, $29M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410498220.

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.