Defined Benefit (Pension) · DOL Form 5500 · 2024

Mayo Clinic Pension Plan

Data updated 2026-08-25

$11.8B
Total assets Mega-plan scale
71,743
Participants Very large workforce
100th
Percentile by assets National rank
$164,702
Avg per participant Above avg balance/head
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Official DOL plan name: Mayo Pension Plan · Sponsored by Mayo Clinic · Minnesota · Healthcare & Social Assistance

$11.8B in assets, 71,743 participants

Mayo Clinic's Mayo Pension Plan reported $11.8B in total assets and 71,743 participants in its 2024 DOL Form 5500 filing, ranking in the 100th 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.

  • #16,909 in Healthcare & Social Assistance (16,916 peers)

Coverage in Minnesota

Mayo Pension Plan covers 71,743 participants in Minnesota, 64x the typical Minnesota plan (state average ~1,126 per filing). Assets: $11.8B.

#16,909
in Healthcare & Social Assistance (16,916 peers)
+7.1%
assets growth YoY
119×
vs typical plan assets (national mean)

Mayo Pension Plan's outsized position by total assets

Mayo Pension Plan vs every filed plan by assets

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

$11,816,211,651 Highest reported value at or above every one 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

Mayo Pension Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mayo Pension Plan is a mega filing (71,743 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mayo Pension Plan end-of-year assets rose from $11.0B in the plan year 2023 filing to $11.8B in the plan year 2024 filing.
  • Mayo Pension Plan reported participants rose from 69,155 in the plan year 2023 filing to 71,743 in the plan year 2024 filing.
  • Mayo Pension Plan reported net income rose from $790M in the plan year 2023 filing to $813M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 416011702 · Mayo Clinic PY 2024 · Defined Benefit (Pension)

Mayo Pension Plan · $11.8B · 71,743 · 100th

  • PHOTO $11.8B
  • PHOTO 71,743
  • PHOTO 100th
  • PHOTO Defined Benefit (Pension)
  • PHOTO near The Lilly Retirement Plan
  • PHOTO ind #16909

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 Healthcare & Social Assistance retirement plans → · Plans in Minnesota →

Mayo Pension Plan in the asset neighbourhood

Exxonmobil Pension Plan$12.1BThe Prudential Merged Retirement PlanThe Prudential Merged Retire…$12.0BMayo Pension Plan$11.8BThe Lilly Retirement Plan$11.8BConsolidated Cash Balance Program of Mass General Brigham and Member OrganizationsConsolidated Cash Balance Pr…$11.6B
End-of-year total assets ($B) among Mayo Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$11.0B
Net Assets (End of Year)$11.7B
Net Income$813M
Employer EIN416011702
Plan Effective Date1969-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mayo Clinic)

Sponsor-wide plan assets over time

All Mayo Clinic plans reported in each filing year

Latest sponsor-wide plan assets
$24.6B 24.614502961338893% vs 2022
2024 filing year
$18B$20B$22B$24B$26B 202220232024 $19.8B $24.6B ▲ +24.7%
Year Plans Participants Total Assets
2022 2 147,366 $19.8B
2023 2 153,253 $22.2B
2024 2 157,676 $24.6B

Nearby Defined Benefit (Pension) Plans in Minnesota

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

Mayo Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 2468101214 Total assets ($B) Participants Mayo Pension Plan, Total assets ($B): 11.816211651 · Participants: 71743Mayo Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 8.87866493 · Participants: 91323M Employee Retirement Income PlanWells Fargo & Company Cash Balance Plan, Total assets ($B): 8.278776602 · Participants: 46875Wells Fargo & Company Cash Balance PlanU.S. Bank Pension Plan, Total assets ($B): 4.38225088 · Participants: 62822U.S. Bank Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.23694343 · Participants: 27237The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.7072478 · Participants: 2007General Mills Pension Plan I
Mayo Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Mayo Pension Plan side-by-side with 3 peers →

Scale composition for Mayo Pension Plan

Mayo Pension Plan reports $11.8B in end-of-year assets across 71,743 participants (0.096% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.076% of 93,925,755 covered participants) - about $164,702 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2024 was $813M.

This plan identity (EIN 416011702, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $10.3B to $11.8B (+14.7%) while covered participants moved from 66,434 to 71,743 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 66,434 $10.3B Open filing
2023 69,155 $11.0B Open filing
2024 · index core 71,743 $11.8B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Mayo Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is The Lilly Retirement Plan in IN ($11.8B); by covered participants it is Western Unite Here and Employers Pension Fund in CA (71,253 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($11.8B here).

Similar participant headcount

Nearest other-state filings by covered participants (71,743 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 Mayo Pension Plan assets move in 2024? ▼
Mayo Pension Plan grew at a solid clip - up 7.1% during 2024, from $11.0B to $11.8B. Reported net income was $813M.
How have Mayo Clinic plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mayo Clinic's sponsor-wide assets grew 24.6%, from $19.8B to $24.6B.
Where does Mayo Pension Plan rank by assets among Form 5500 filers? ▼
Mayo Pension Plan ranks in the 100th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Mayo Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Lilly Retirement Plan in IN ($11.8B, 19,897 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Mayo Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Western Unite Here and Employers Pension Fund in CA (71,253 participants, $3.7B 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 416011702.

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.