401(k) · DOL Form 5500 · 2024

Minnkota Power Cooperative, Inc. 401(k) Plan

Data updated 2026-08-25

$75M
Total assets Below avg plan size
417
Participants Below avg headcount
88th
Percentile by assets National rank
$179,774
Avg per participant Above avg balance/head
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Official DOL plan name: Minnkota Power Cooperative, Inc. Employees 401(k) Plan · Sponsored by Minnkota Power Cooperative, Inc. · North Dakota · Utilities

$75M in assets, 417 participants

Minnkota Power Cooperative, Inc.'s Minnkota Power Cooperative, Inc. Employees 401(k) Plan reported $75M in total assets and 417 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.

  • #418 in Utilities (732 peers)

Utilities sector rank

Within Utilities, Minnkota Power Cooperative, Inc. Employees 401(k) Plan ranks #418 of 732 2024 filers by assets (716% of the sector average)-$75M for 417 participants.

#418
in Utilities (732 peers)
+21.9%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Minnkota Power Cooperative, Inc. Employees 401(k) Plan's outsized position by total assets

Minnkota Power Cooperative, Inc. Employees 401(k) Plan vs every filed plan by assets

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

$74,965,898 Top 12% higher than 88% 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

Minnkota Power Cooperative, Inc. Employees 401(k) Plan 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. Minnkota Power Cooperative, Inc. Employees 401(k) Plan sits mid-pack in the medium band (417 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Minnkota Power Cooperative, Inc. Employees 401(k) Plan end-of-year assets rose from $62M in the plan year 2023 filing to $75M in the plan year 2024 filing.
  • Minnkota Power Cooperative, Inc. Employees 401(k) Plan reported net income rose from $12M in the plan year 2023 filing to $13M in the plan year 2024 filing.
  • Minnkota Power Cooperative, Inc. Employees 401(k) Plan reported participants rose from 405 in the plan year 2023 filing to 417 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 450166406 · Minnkota Power Cooperative, Inc. PY 2024 · 401(k)

Minnkota Power Cooperative, Inc. Employees 401(k) Plan · $75M · 417 · 88th

  • BOY $75M
  • BOY 417
  • BOY 88th
  • BOY 401(k)
  • BOY near Trump Payroll Corp. 401(k) / Profit Sharing Plan
  • BOY ind #418

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 North Dakota →

Minnkota Power Cooperative, Inc. Employees 401(k) Plan in the asset neighbourhood

Cytel Inc. Retirement Plan$75MEscal Institute 401(K )Plan$75MTrump Payroll Corp. 401(k) / Profit Sharing PlanTrump Payroll Corp. 401(k) /…$75MMinnkota Power Cooperative, Inc. Employees 401(k) PlanMinnkota Power Cooperative, …$75MRigaku Americas Holding, Inc 401(k) PlanRigaku Americas Holding, Inc…$75M
End-of-year total assets ($M) among Minnkota Power Cooperative, Inc. Employees 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Utilities filing particulars

Total Assets (Beginning of Year)$62M
Net Assets (End of Year)$75M
Net Income$13M
Employer EIN450166406
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnkota Power Cooperative, Inc.)

Sponsor-wide plan assets over time

All Minnkota Power Cooperative, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$169M 37.39444569682429% vs 2022
2024 filing year
$100M$120M$140M$160M$180M 202220232024 $123M $169M ▲ +37.4%
Year Plans Participants Total Assets
2022 3 1,123 $123M
2023 3 1,055 $146M
2024 3 1,157 $169M

Nearby 401(k) Plans in North Dakota

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

Minnkota Power Cooperative, Inc. Employees 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Minnkota Power Cooperative, Inc. Employees 401(k) Plan, Total assets ($B): 0.074965898 · Participants: 417Minnkota Power Cooperative, Inc. Employees 401(k) PlanSanford Retirement Savings Plan, Total assets ($B): 3.602462001 · Participants: 31958Sanford Retirement Savings PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.856387415 · Participants: 5327Knife River Corporation 401(k) Retirement PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.775551136 · Participants: 3465Mdu Resources Group, Inc. 401(k) Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.615317303 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing PlanOffutt Companies 401(k) Savings Plan, Total assets ($B): 0.591992052 · Participants: 5199Offutt Companies 401(k) Savings Plan
Minnkota Power Cooperative, Inc. Employees 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Minnkota Power Cooperative, Inc. Employees 401(k) Plan side-by-side with 3 peers →

Minnkota Power Cooperative, Inc. Employees 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Trump Payroll Corp. 401(k) / Profit Sharing Plan in NY ($75M); by covered participants it is Miller's, Inc. Employees' Profit Sharing Plan in KS (417 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($75M here).

Similar participant headcount

Nearest other-state filings by covered participants (417 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 Minnkota Power Cooperative, Inc. Employees 401(k) Plan assets move in 2024? ▼
Minnkota Power Cooperative, Inc. Employees 401(k) Plan grew sharply - up 21.9% during 2024, from $62M to $75M. Reported net income was $13M.
How have Minnkota Power Cooperative, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnkota Power Cooperative, Inc.'s sponsor-wide assets grew 37.4%, from $123M to $169M.
Where does Minnkota Power Cooperative, Inc. Employees 401(k) Plan rank by assets among Form 5500 filers? ▼
Minnkota Power Cooperative, Inc. Employees 401(k) Plan ranks in the 88th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Minnkota Power Cooperative, Inc. Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Trump Payroll Corp. 401(k) / Profit Sharing Plan in NY ($75M, 1,425 participants).
Which 401(k) plans cover a similar participant headcount to Minnkota Power Cooperative, Inc. Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Miller's, Inc. Employees' Profit Sharing Plan in KS (417 participants, $58M 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 450166406.

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.