Defined Benefit (Pension) · DOL Form 5500 · 2024
Allete, Inc. & Affiliated Companies Pension Plan
Data updated 2026-08-11
- $422M
- Total assets
- 160
- Participants
- 97th
- Percentile by assets
- $2.6M
- Avg per participant
Official DOL plan name: Allete & Affiliated Companies Retirement Plan C · Sponsored by Allete, Inc. & Affiliated Companies · Minnesota · Utilities
$422M in assets, 160 participants
Allete, Inc. & Affiliated Companies's Allete & Affiliated Companies Retirement Plan C reported $422M in total assets and 160 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 123,622 plans)
- #579 in Utilities (732 peers)
Coverage in Minnesota
Allete & Affiliated Companies Retirement Plan C covers 160 participants in Minnesota, about 14% of the average Minnesota filer (state average ~1,126 per filing). Assets: $422M.
- $422M
- total plan assets (2024 EOY)
- 160
- covered participants
- 97th
- percentile by assets (of 123,622 plans)
- $2.6M
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Allete & Affiliated Companies Retirement Plan C reported net income rose from -$3M in the plan year 2023 filing to $24M in the plan year 2024 filing.
- Allete & Affiliated Companies Retirement Plan C reported participants fell from 171 in the plan year 2023 filing to 160 in the plan year 2024 filing.
- Allete & Affiliated Companies Retirement Plan C end-of-year assets fell from $426M in the plan year 2023 filing to $422M in the plan year 2024 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Allete & Affiliated Companies Retirement Plan C reports 160 participants - about 14% of that state average ($422M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $426M |
|---|---|
| Net Assets (End of Year) | $422M |
| Net Income | $24M |
| Employer EIN | 410418150 |
| Plan Effective Date | 2016-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Allete, Inc. & Affiliated Companies)
| 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.
Allete & Affiliated Companies Retirement Plan C vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
- 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Allete & Affiliated Companies Retirement Plan C by total assets, not by location.
- California Teachers Association Employees Retirement Benefits Plan (CA) $422M · 483
- Sheet Metal Workers Local Union No. 80 Pension Fund (MI) $422M · 1,303
- Los Angeles Hotel-Restaurant Employer-Union Retirement Fund (CA) $422M · 14,440
- Sw Oh Regional Council of Carpenters Pension Plan (MI) $421M · 1,587
Frequently Asked Questions
How did Allete & Affiliated Companies Retirement Plan C assets move in 2024? ▼
How have Allete, Inc. & Affiliated Companies plan assets changed over time? ▼
Where does Allete & Affiliated Companies Retirement Plan C rank by assets among Form 5500 filers? ▼
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Next read for Allete & Affiliated Companies Retirement…
Filing takeaways
Ways to act on Allete & Affiliated Companies Retirement Plan C's numbers.
- By total assets, Allete & Affiliated Companies Retirement Plan C ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Minnesota. Compare plans
- Allete, Inc. & Affiliated Companies's sponsor-wide assets have grown 14.1% since 2022 across 3 plan years on file. More Utilities plans