Defined Benefit (Pension) · DOL Form 5500 · 2024
Allete, Inc. & Affiliated Companies Pension Plan
Data updated 2026-08-25
- $188M
- Total assets Near avg plan size
- 292
- Participants Below avg headcount
- 94th
- Percentile by assets National rank
- $643,999
- Avg per participant High balance/head
Official DOL plan name: Allete and Affiliated Companies Retirement Plan B · Sponsored by Allete, Inc. & Affiliated Companies · Minnesota · Utilities
$188M in assets, 292 participants
Allete, Inc. & Affiliated Companies's Allete and Affiliated Companies Retirement Plan B reported $188M in total assets and 292 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.
- #506 in Utilities (732 peers)
Coverage in Minnesota
Allete and Affiliated Companies Retirement Plan B covers 292 participants in Minnesota, about 26% of the average Minnesota filer (state average ~1,126 per filing). Assets: $188M.
- #506
- in Utilities (732 peers)
- +6.9%
- assets growth YoY
- 1.9×
- vs typical plan assets (national mean)
The plan reported a net loss of $24M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Allete and Affiliated Companies Retirement Plan B's outsized position by total assets
Allete and Affiliated Companies Retirement Plan B vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$188,047,846 Top 6% higher than 94% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Allete and Affiliated Companies Retirement Plan B among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Allete and Affiliated Companies Retirement Plan B sits mid-pack in the medium band (292 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Allete and Affiliated Companies Retirement Plan B reported net income fell from $17M in the plan year 2023 filing to -$24M in the plan year 2024 filing.
- Allete and Affiliated Companies Retirement Plan B reported participants fell from 319 in the plan year 2023 filing to 292 in the plan year 2024 filing.
- Allete and Affiliated Companies Retirement Plan B end-of-year assets rose from $176M in the plan year 2023 filing to $188M in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 410418150 · Allete, Inc. & Affiliated Companies PY 2024 · Defined Benefit (Pension)
Allete and Affiliated Companies Retirement Plan B · $188M · 292 · 94th
- ASSETS $188M
- ASSETS 292
- ASSETS 94th
- ASSETS Defined Benefit (Pension)
- ASSETS near Southern Ironworkers Pension Fund
- ASSETS ind #506
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 Utilities retirement plans → · Plans in Minnesota →
Allete and Affiliated Companies Retirement Plan B in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $176M |
|---|---|
| Net Assets (End of Year) | $188M |
| Net Income | -$24M |
| Employer EIN | 410418150 |
| Plan Effective Date | 1952-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Allete, Inc. & Affiliated Companies)
Sponsor-wide plan assets over time
All Allete, Inc. & Affiliated Companies plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.2B 14.134002992784422% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 1,910 | $1.1B |
| 2023 | 3 | 1,923 | $1.1B |
| 2024 | 3 | 2,021 | $1.2B |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Mayo Pension Plan $11.8B · 71,743
- 3M Employee Retirement Income Plan $8.9B · 9,132
- Wells Fargo & Company Cash Balance Plan $8.3B · 46,875
- U.S. Bank Pension Plan $4.4B · 62,822
- The Travelers Pension Plan $4.2B · 27,237
Allete and Affiliated Companies Retirement Plan B's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Southern Ironworkers Pension Fund in PA ($188M); by covered participants it is Ti Group Automotive Systems Retirement Plan in MI (292 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($188M here).
- Southern Ironworkers Pension Fund (PA) $188M · 874
- Pension Plan for Employees of Mount Nittany Medical Center (PA) $188M · 1,104
- Amerihealth Caritas Pension Plan (PA) $188M · 1,335
- B.a.C. Local No. 3 Pension Plan (CA) $188M · 847
Similar participant headcount
Nearest other-state filings by covered participants (292 participants); asset peers above are excluded.
- Ti Group Automotive Systems Retirement Plan (MI) 292 · 0 off
- Sidley Austin LLP Ret Plan for Secretarial Staff (IL) 292 · 0 off
- Bracco Retirement Income Plan (NJ) 292 · 0 off
- Georgia Farm Bureau Mutual Insurance Company Retirement Plan (GA) 292 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.