Defined Benefit (Pension) · DOL Form 5500 · 2024
Allete, Inc. & Affiliated Companies Pension Plan
Data updated 2026-08-25
- $422M
- Total assets Above avg plan size
- 160
- Participants Small participant base
- 97th
- Percentile by assets National rank
- $2.6M
- Avg per participant High balance/head
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.
- #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.
- #579
- in Utilities (732 peers)
- -1.0%
- assets change YoY
- 4.2×
- vs typical plan assets (national mean)
Allete & Affiliated Companies Retirement Plan C's outsized position by total assets
Allete & Affiliated Companies Retirement Plan C vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$421,878,088 Top 3% higher than 97% 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 & Affiliated Companies Retirement Plan C 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 & Affiliated Companies Retirement Plan C sits mid-pack in the medium band (160 participants).
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.
EBSA filing schedule strip
Filing strip 410418150 · Allete, Inc. & Affiliated Companies PY 2024 · Defined Benefit (Pension)
Allete & Affiliated Companies Retirement Plan C · $422M · 160 · 97th
- 5500 $422M
- 5500 160
- 5500 97th
- 5500 Defined Benefit (Pension)
- 5500 near California Teachers Association Employees Retirement Benefits Plan
- 5500 ind #579
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 & Affiliated Companies Retirement Plan C in the asset neighbourhood
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)
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 & Affiliated Companies Retirement Plan C's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is California Teachers Association Employees Retirement Benefits Plan in CA ($422M); by covered participants it is Orthopedic & Sports Medicine Specialists of Green Bay Sc Cash Balance Plan in WI (160 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($422M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (160 participants); asset peers above are excluded.
- Orthopedic & Sports Medicine Specialists of Green Bay Sc Cash Balance Plan (WI) 160 · 0 off
- Simpson Thacher& Bartlett LLP Cash Balance Plan II (NY) 160 · 0 off
- Sunkist Retirement Plan - a (CA) 160 · 0 off
- Pension Plan for Hourly Employees Employed by the Hapco Division of Kearney-National, Inc. (NY) 160 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.