401(k) · DOL Form 5500 · 2024

Convergeone Holdings, Inc. 401(k) Plan

Data updated 2026-08-25

$348M
Total assets Above avg plan size
2,155
Participants Near avg headcount
96th
Percentile by assets National rank
$161,539
Avg per participant Above avg balance/head
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Official DOL plan name: C1 401(k) Plan · Sponsored by Convergeone Holdings, Inc. · Minnesota · Wholesale Trade

$348M in assets, 2,155 participants

Convergeone Holdings, Inc.'s C1 401(k) Plan reported $348M in total assets and 2,155 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

  • #5,921 in Wholesale Trade (6,080 peers)

Where C1 401(k) Plan sits by assets

C1 401(k) Plan sits in the top 5% of all filed plans by assets, $348M for 2,155 participants (~$161,539/participant), up 4.3% in 2024.

#5,921
in Wholesale Trade (6,080 peers)
+4.3%
assets growth YoY
3.5×
vs typical plan assets (national mean)

C1 401(k) Plan's outsized position by total assets

C1 401(k) Plan vs every filed plan by assets

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

$348,115,691 Top 4% higher than 96% 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

C1 401(k) 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. C1 401(k) Plan lands in the large band (2,155 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • C1 401(k) Plan reported net income fell from $32M in the plan year 2023 filing to $14M in the plan year 2024 filing.
  • C1 401(k) Plan reported participants fell from 2,665 in the plan year 2023 filing to 2,155 in the plan year 2024 filing.
  • C1 401(k) Plan end-of-year assets rose from $334M in the plan year 2023 filing to $348M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 814619427 · Convergeone Holdings, Inc. PY 2024 · 401(k)

C1 401(k) Plan · $348M · 2,155 · 96th

  • IND $348M
  • EOY 2,155
  • 5500 96th
  • ASSETS 401(k)
  • PCT near Eversana 401(k) Plan
  • EIN ind #5921

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 Wholesale Trade retirement plans → · Plans in Minnesota →

C1 401(k) Plan in the asset neighbourhood

Chamberlain 401(k) Plan$348MC1 401(k) Plan$348MEversana 401(k) Plan$348MSummit Medical Group, PLLC 401(k) Profit Sharing PlanSummit Medical Group, PLLC 4…$348MUtica Mutual Insurance Company Employee Profit Sharing and Investment PlanUtica Mutual Insurance Compa…$348M
End-of-year total assets ($M) among C1 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$334M
Net Assets (End of Year)$348M
Net Income$14M
Employer EIN814619427
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Convergeone Holdings, Inc.)

Sponsor-wide plan assets over time

All Convergeone Holdings, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$348M 15.485645343412985% vs 2022
2024 filing year
$280M$300M$320M$340M$360M 202220232024 $301M $348M ▲ +15.5%
Year Plans Participants Total Assets
2022 1 2,981 $301M
2023 1 2,665 $334M
2024 1 2,155 $348M

Nearby 401(k) Plans in Minnesota

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

C1 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants C1 401(k) Plan, Total assets ($B): 0.348115691 · Participants: 2155C1 401(k) 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
C1 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare C1 401(k) Plan side-by-side with 3 peers →

C1 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Eversana 401(k) Plan in KS ($348M); by covered participants it is Bering Straits Native Corporation 401(k) Plan in AK (2,155 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($348M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,155 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 C1 401(k) Plan assets move in 2024? ▼
C1 401(k) Plan edged up modestly - up 4.3% during 2024, from $334M to $348M. Reported net income was $14M.
How have Convergeone Holdings, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Convergeone Holdings, Inc.'s sponsor-wide assets grew 15.5%, from $301M to $348M.
Where does C1 401(k) Plan rank by assets among Form 5500 filers? ▼
C1 401(k) Plan ranks in the 96th 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 C1 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Eversana 401(k) Plan in KS ($348M, 3,405 participants).
Which 401(k) plans cover a similar participant headcount to C1 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bering Straits Native Corporation 401(k) Plan in AK (2,155 participants, $109M 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 814619427.

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.