401(k) · DOL Form 5500 · 2024
Convergeone Holdings, Inc. 401(k) Plan
Data updated 2026-08-11
- $348M
- Total assets
- 2,155
- Participants
- 96th
- Percentile by assets
- $161,539
- Avg per participant
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.
- 96th percentile by assets (of 123,622 plans)
- #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.
- $348M
- total plan assets (2024 EOY)
- 2,155
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $161,539
- avg assets per participant
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.
C1 401(k) Plan vs the 2024 asset distribution
By assets, C1 401(k) Plan outranks 96% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $334M |
|---|---|
| Net Assets (End of Year) | $348M |
| Net Income | $14M |
| Employer EIN | 814619427 |
| Plan Effective Date | 1996-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Convergeone Holdings, Inc.)
| 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
- 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
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to C1 401(k) Plan by total assets, not by location.
- Eversana 401(k) Plan (KS) $348M · 3,405
- Summit Medical Group, PLLC 401(k) Profit Sharing Plan (TN) $348M · 1,601
- Utica Mutual Insurance Company Employee Profit Sharing and Investment Plan (NY) $348M · 1,407
- Chamberlain 401(k) Plan (IL) $348M · 1,362
Frequently Asked Questions
How did C1 401(k) Plan assets move in 2024? ▼
How have Convergeone Holdings, Inc. plan assets changed over time? ▼
Where does C1 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to C1 401(k) Plan? ▼
Next read for C1 401(k) Plan
Scale reading
Ways to act on C1 401(k) Plan's numbers.
- By total assets, C1 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Convergeone Holdings, Inc.'s sponsor-wide assets have grown 15.5% since 2022 across 3 plan years on file. More Wholesale Trade plans