401(k) · DOL Form 5500 · 2024

Thrivent Financial for Lutherans 401(k) Plan

Data updated 2026-08-25

$1.7B
Total assets Very large vs avg
6,573
Participants Above avg headcount
99th
Percentile by assets National rank
$262,120
Avg per participant Above avg balance/head
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Official DOL plan name: Thrivent 401(k) Plan · Sponsored by Thrivent Financial for Lutherans · Minnesota · Finance & Insurance

$1.7B in assets, 6,573 participants

Thrivent Financial for Lutherans's Thrivent 401(k) Plan reported $1.7B in total assets and 6,573 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #8,395 in Finance & Insurance (8,549 peers)

Coverage in Minnesota

Thrivent 401(k) Plan covers 6,573 participants in Minnesota, 5.8x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.7B.

#8,395
in Finance & Insurance (8,549 peers)
+13.6%
assets growth YoY
17×
vs typical plan assets (national mean)

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

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

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

$1,722,913,459 Top 1% higher than 99% 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

Thrivent 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. Thrivent 401(k) Plan lands in the large band (6,573 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Thrivent 401(k) Plan end-of-year assets rose from $1.5B in the plan year 2023 filing to $1.7B in the plan year 2024 filing.
  • Thrivent 401(k) Plan reported participants rose from 6,125 in the plan year 2023 filing to 6,573 in the plan year 2024 filing.
  • Thrivent 401(k) Plan reported net income fell from $218M in the plan year 2023 filing to $206M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 390123480 · Thrivent Financial for Lutherans PY 2024 · 401(k)

Thrivent 401(k) Plan · $1.7B · 6,573 · 99th

  • PART $1.7B
  • TYPE 6,573
  • NET 99th
  • BOOK 401(k)
  • VS-ST near Encompass Health Corporation 401(k) Retirement Plan
  • BOY ind #8395

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 Finance & Insurance retirement plans → · Plans in Minnesota →

Thrivent 401(k) Plan in the asset neighbourhood

Builders Firstsource 401(k) Savings PlanBuilders Firstsource 401(k) …$1.7BSyensqo USA 401(k)Plan$1.7BThrivent 401(k) Plan$1.7BEncompass Health Corporation 401(k) Retirement PlanEncompass Health Corporation…$1.7BZf North America, Inc. 401(k) Savings PlanZf North America, Inc. 401(k…$1.7B
End-of-year total assets ($B) among Thrivent 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$1.5B
Net Assets (End of Year)$1.7B
Net Income$206M
Employer EIN390123480
Plan Effective Date1985-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Thrivent Financial for Lutherans)

Sponsor-wide plan assets over time

All Thrivent Financial for Lutherans plans reported in each filing year

Latest sponsor-wide plan assets
$3.5B 23.52013686654526% vs 2022
2024 filing year
$2.5B$3B$3.5B$4B 202220232024 $2.84B $3.51B ▲ +23.6%
Year Plans Participants Total Assets
2022 3 12,041 $2.8B
2023 3 12,405 $3.2B
2024 3 12,856 $3.5B

Nearby 401(k) Plans in Minnesota

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

Thrivent 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Thrivent 401(k) Plan, Total assets ($B): 1.722913459 · Participants: 6573Thrivent 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
Thrivent 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Thrivent 401(k) Plan side-by-side with 3 peers →

Scale composition for Thrivent 401(k) Plan

Thrivent 401(k) Plan reports $1.7B in end-of-year assets across 6,573 participants (0.014% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $262,120 per participant (1.9x the national average assets-per-participant) . Net income for plan year 2024 was $206M.

This plan identity (EIN 390123480, plan #007) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.7B (+32.6%) while covered participants moved from 6,177 to 6,573 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 6,177 $1.3B Open filing
2023 6,125 $1.5B Open filing
2024 · index core 6,573 $1.7B This page

The same sponsor also keeps 2 other index-core plans on PlainRetire:

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

Outside Minnesota, the nearest 401(k) by assets is Encompass Health Corporation 401(k) Retirement Plan in AL ($1.7B); by covered participants it is Molex Retirement and Savings Plan in IL (6,575 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.7B here).

Similar participant headcount

Nearest other-state filings by covered participants (6,573 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 Thrivent 401(k) Plan assets move in 2024? ▼
Thrivent 401(k) Plan grew at a solid clip - up 13.6% during 2024, from $1.5B to $1.7B. Reported net income was $206M.
How have Thrivent Financial for Lutherans plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Thrivent Financial for Lutherans's sponsor-wide assets grew 23.5%, from $2.8B to $3.5B.
Where does Thrivent 401(k) Plan rank by assets among Form 5500 filers? ▼
Thrivent 401(k) Plan ranks in the 99th 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 401(k) plans are similar in size to Thrivent 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Encompass Health Corporation 401(k) Retirement Plan in AL ($1.7B, 29,454 participants).
Which 401(k) plans cover a similar participant headcount to Thrivent 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Molex Retirement and Savings Plan in IL (6,575 participants, $1.3B 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 390123480.

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.