401(k) · DOL Form 5500 · 2024

Mayo Employees Federal Credit Union 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
126
Participants Small participant base
45th
Percentile by assets National rank
$46,692
Avg per participant Low balance/head
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Official DOL plan name: Mayo Employees Federal Credit Union 401(k) Plan · Sponsored by Mayo Employees Federal Credit Union · Minnesota · Finance & Insurance

$6M in assets, 126 participants

Mayo Employees Federal Credit Union's Mayo Employees Federal Credit Union 401(k) Plan reported $6M in total assets and 126 participants in its 2024 DOL Form 5500 filing, ranking in the 45th 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.

  • #2,614 in Finance & Insurance (8,549 peers)

Coverage in Minnesota

Mayo Employees Federal Credit Union 401(k) Plan covers 126 participants in Minnesota, about 11% of the average Minnesota filer (state average ~1,126 per filing). Assets: $6M.

#2,614
in Finance & Insurance (8,549 peers)
+29.0%
assets growth YoY

Mayo Employees Federal Credit Union 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

Mayo Employees Federal Credit Union 401(k) Plan vs every filed plan by assets

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

$5,883,230 45th percentile higher than 45% 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

Mayo Employees Federal Credit Union 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. Mayo Employees Federal Credit Union 401(k) Plan sits mid-pack in the medium band (126 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mayo Employees Federal Credit Union 401(k) Plan end-of-year assets rose from $5M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Mayo Employees Federal Credit Union 401(k) Plan reported participants rose from 112 in the plan year 2023 filing to 126 in the plan year 2024 filing.
  • Mayo Employees Federal Credit Union 401(k) Plan reported net income fell from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 410400045 · Mayo Employees Federal Credit Union PY 2024 · 401(k)

Mayo Employees Federal Credit Union 401(k) Plan · $6M · 126 · 45th

  • RANK $6M
  • RANK 126
  • RANK 45th
  • RANK 401(k)
  • RANK near United Way of New York City 401(k) Plan
  • RANK ind #2614

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 →

Mayo Employees Federal Credit Union 401(k) Plan in the asset neighbourhood

Mayo Employees Federal Credit Union 401(k) PlanMayo Employees Federal Credi…$6MUnited Way of New York City 401(k) PlanUnited Way of New York City …$6MCoast Mortgage Corporation 401(k) Plan and TrustCoast Mortgage Corporation 4…$6MNational Arbitration & Mediation LLC 401(k) PlanNational Arbitration & Media…$6MJ.M. Fahey Construction Company 401(k) PlanJ.M. Fahey Construction Comp…$6M
End-of-year total assets ($M) among Mayo Employees Federal Credit Union 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$6M
Net Income$1M
Employer EIN410400045
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mayo Employees Federal Credit Union)

Sponsor-wide plan assets over time

All Mayo Employees Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$6M 86.42931316016545% vs 2022
2024 filing year
$2M$3M$4M$5M$6M$7M 202220232024 $3.16M $5.88M ▲ +86.1%
Year Plans Participants Total Assets
2022 1 120 $3M
2023 1 112 $5M
2024 1 126 $6M

Nearby 401(k) Plans in Minnesota

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

Mayo Employees Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Mayo Employees Federal Credit Union 401(k) Plan, Total assets ($B): 0.00588323 · Participants: 126Mayo Employees Federal Credit Union 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
Mayo Employees Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Mayo Employees Federal Credit Union 401(k) Plan side-by-side with 3 peers →

Mayo Employees Federal Credit Union 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is United Way of New York City 401(k) Plan in NY ($6M); by covered participants it is Anesthesia Consultants of Indianapolis, LLC 401(k) Profit Sharing Plan in IN (126 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (126 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 Mayo Employees Federal Credit Union 401(k) Plan assets move in 2024? ▼
Mayo Employees Federal Credit Union 401(k) Plan grew sharply - up 29.0% during 2024, from $5M to $6M. Reported net income was $1M.
How have Mayo Employees Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mayo Employees Federal Credit Union's sponsor-wide assets grew 86.4%, from $3M to $6M.
Which 401(k) plans are similar in size to Mayo Employees Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is United Way of New York City 401(k) Plan in NY ($6M, 90 participants).
Which 401(k) plans cover a similar participant headcount to Mayo Employees Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Anesthesia Consultants of Indianapolis, LLC 401(k) Profit Sharing Plan in IN (126 participants, $105M 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 410400045.

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.