401(k) · DOL Form 5500 · 2024

Trustees of South Central Minnesota Elec Workers Retirement and 401(k) 401(k) Plan

Data updated 2026-08-11

$336M
Total assets: 1,577
Participants: 96th
Percentile by assets: $213,126
Avg per participant

Official DOL plan name: South Central Minnesota Electrical Workers Retirement and 401(k) Plan · Sponsored by Trustees of South Central Minnesota Elec Workers Retirement and 401(k) · Minnesota · Construction

$336M in assets, 1,577 participants

Trustees of South Central Minnesota Elec Workers Retirement and 401(k)'s South Central Minnesota Electrical Workers Retirement and 401(k) Plan reported $336M in total assets and 1,577 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 123,622 plans)
#8,638 in Construction (9,039 peers)

Where South Central Minnesota Electrical Workers Retirement and 401(k) Plan sits by assets

South Central Minnesota Electrical Workers Retirement and 401(k) Plan sits in the top 5% of all filed plans by assets, $336M for 1,577 participants (~$213,126/participant), up 9.6% in 2024.

$336M
total plan assets (2024 EOY): 1,577
covered participants: 96th
percentile by assets (of 123,622 plans): $213,126
avg assets per participant

South Central Minnesota Electrical Workers Retirement and 401(k) Plan reported net income fell from $40M in the plan year 2023 filing to $30M in the plan year 2024 filing.
South Central Minnesota Electrical Workers Retirement and 401(k) Plan end-of-year assets rose from $307M in the plan year 2023 filing to $336M in the plan year 2024 filing.
South Central Minnesota Electrical Workers Retirement and 401(k) Plan reported participants rose from 1,480 in the plan year 2023 filing to 1,577 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Minnesota

Industry

Construction

South Central Minnesota Electrical Workers Retirement and 401(k) Plan vs the 2024 asset distribution

By assets, South Central Minnesota Electrical Workers Retirement and 401(k) Plan outranks 96% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.4x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$307M
Net Assets (End of Year)	$336M
Net Income	$30M
Employer EIN	411390063
Plan Effective Date	1995-04-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Trustees of South Central Minnesota Elec Workers Retirement and 401(k))

Total plan assets by year, all Trustees of South Central Minnesota Elec Workers Retirement and 401(k) plans on file

Year	Plans	Participants	Total Assets
2022	1	1,514	$266M
2023	1	1,480	$307M
2024	1	1,577	$336M

Nearby 401(k) Plans in Minnesota

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

South Central Minnesota Electrical Workers Retirement and 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

Wells Fargo & Company 401(k) Plan $57.9B · 179,076
Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
Target Corporation 401(k) Plan $14.4B · 409,649
Medtronic Savings and Investment Plan $13.7B · 38,480
U.S. Bank 401(k) Savings Plan $11.4B · 73,109

Compare South Central Minnesota Electrical Worke… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to South Central Minnesota Electrical Workers Retirement and 401(k) Plan by total assets, not by location.

Glanbia Companies 401(k) Plan (ID) $336M · 3,530
Basf Corporation Bargaining Unit Savings Plan (NJ) $336M · 1,374
Primerica Savings & Investment Plan (GA) $336M · 2,061
Beyond New Horizons, LLC Employees Savings Plan (TN) $336M · 950

Frequently Asked Questions

How did South Central Minnesota Electrical Workers Retirement and 401(k) Plan assets move in 2024? ▼

South Central Minnesota Electrical Workers Retirement and 401(k) Plan grew at a solid clip - up 9.6% during 2024, from $307M to $336M. Reported net income was $30M.

How have Trustees of South Central Minnesota Elec Workers Retirement and 401(k) plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of South Central Minnesota Elec Workers Retirement and 401(k)'s sponsor-wide assets grew 26.3%, from $266M to $336M.

Where does South Central Minnesota Electrical Workers Retirement and 401(k) Plan rank by assets among Form 5500 filers? ▼

South Central Minnesota Electrical Workers Retirement and 401(k) Plan ranks in the 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to South Central Minnesota Electrical Workers Retirement and 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Glanbia Companies 401(k) Plan in ID ($336M, 3,530 participants).

Next read for South Central Minnesota Electrical Worke…

Scale reading

Ways to act on South Central Minnesota Electrical Workers Retirement and 401(k) Plan's numbers.

By total assets, South Central Minnesota Electrical Workers Retirement and 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Trustees of South Central Minnesota Elec Workers Retirement and 401(k)'s sponsor-wide assets have grown 26.3% since 2022 across 3 plan years on file. More Construction 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 411390063.