Money Purchase · DOL Form 5500 · 2024

Minnkota Power Cooperative, Inc. Money Purchase Plan

Data updated 2026-08-11

$90M
Total assets: 377
Participants: 90th
Percentile by assets: $237,457
Avg per participant

Official DOL plan name: Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B · Sponsored by Minnkota Power Cooperative, Inc. · North Dakota · Utilities

$90M in assets, 377 participants

Minnkota Power Cooperative, Inc.'s Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B reported $90M in total assets and 377 participants in its 2024 DOL Form 5500 filing, ranking in the 90th 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.

90th percentile by assets (of 123,622 plans)
#441 in Utilities (732 peers)

Utilities sector rank

Within Utilities, Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B ranks #441 of 732 2024 filers by assets (600% of the sector average)-$90M for 377 participants.

$90M
total plan assets (2024 EOY): 377
covered participants: 90th
percentile by assets (of 123,622 plans): $237,457
avg assets per participant

Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B end-of-year assets rose from $80M in the plan year 2023 filing to $90M in the plan year 2024 filing.
Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B reported net income fell from $10M in the plan year 2023 filing to $9M in the plan year 2024 filing.
Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B reported participants rose from 361 in the plan year 2023 filing to 377 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

North Dakota

Industry

Utilities

Rank #441 in Utilities

Among 732 Utilities plans that filed a Form 5500 for plan year 2024, Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B ranks #441 by end-of-year assets - about 600% of the sector average of $537M. Nationally it sits in the 90th percentile, a weaker position within its industry than across all filers.

Utilities filing particulars

Total Assets (Beginning of Year)	$80M
Net Assets (End of Year)	$90M
Net Income	$9M
Employer EIN	450166406
Plan Effective Date	1961-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Minnkota Power Cooperative, Inc.)

Total plan assets by year, all Minnkota Power Cooperative, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	3	1,123	$123M
2023	3	1,055	$146M
2024	3	1,157	$169M

Nearby Money Purchase Plans in North Dakota

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B vs. nearby Money Purchase plans in North Dakota, assets vs. participants

National Electrical Annuity Plan $18.1B · 86,141
The Permanente Contribution Plan of the Permanente Medical Group, Inc. $7.9B · 18,550
Tiaa Retirement Plan $5.9B · 11,906
Kaiser Permanente Supplemental Savings and Retirement Plan $5.7B · 37,013
University of Southern California Defined Contribution Retirement Plan $5.0B · 19,806

Compare Minnkota Power Cooperative, Inc. Employe… side-by-side with 3 peers →

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B by total assets, not by location.

Shopmen's Iron Workers Retirement Fund of Southern California (CA) $89M · 317
IBEW Local #972 Pension Plan and Trust (OH) $90M · 594
Augustana College Defined Contribution Retirement Plan (IL) $90M · 231
Institute for Advanced Study Defined Contribution Retirement Plan (NJ) $90M · 202

Frequently Asked Questions

How did Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B assets move in 2024? ▼

Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B grew at a solid clip - up 11.5% during 2024, from $80M to $90M. Reported net income was $9M.

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 Pension Plan -Plan B rank by assets among Form 5500 filers? ▼

Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B ranks in the 90th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).

Which Money Purchase plans are similar in size to Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B? ▼

Among Money Purchase plans in other states, the closest by assets is Shopmen's Iron Workers Retirement Fund of Southern California in CA ($89M, 317 participants).

Next read for Minnkota Power Cooperative, Inc. Employe…

Filing takeaways

Ways to act on Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B's numbers.

By total assets, Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Money Purchase plans in North Dakota. Compare plans
Minnkota Power Cooperative, Inc.'s sponsor-wide assets have grown 37.4% since 2022 across 3 plan years on file. More Utilities plans

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.