401(k) · DOL Form 5500 · 2024
Trustees of South Central Minnesota Elec Workers Retirement and 401(k) 401(k) Plan
Data updated 2026-08-25
- $336M
- Total assets Above avg plan size
- 1,577
- Participants Near avg headcount
- 96th
- Percentile by assets National rank
- $213,126
- Avg per participant Above avg balance/head
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.
- #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.
- #8,638
- in Construction (9,039 peers)
- +9.6%
- assets growth YoY
- 3.4×
- vs typical plan assets (national mean)
South Central Minnesota Electrical Workers Retirement and 401(k) Plan's outsized position by total assets
South Central Minnesota Electrical Workers Retirement and 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$336,099,961 Top 4% higher than 96% 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
South Central Minnesota Electrical Workers Retirement and 401(k) Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. South Central Minnesota Electrical Workers Retirement and 401(k) Plan lands in the large band (1,577 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 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.
Plan-year Form 5500 strip
Filing strip 411390063 · Trustees of South Central Minnesota Elec Workers Retirement and 401(k) PY 2024 · 401(k)
South Central Minnesota Electrical Workers Retirement and 401(k) Plan · $336M · 1,577 · 96th
- TYPE $336M
- TYPE 1,577
- TYPE 96th
- TYPE 401(k)
- TYPE near Glanbia Companies 401(k) Plan
- TYPE ind #8638
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 Construction retirement plans → · Plans in Minnesota →
South Central Minnesota Electrical Workers Retirement and 401(k) Plan in the asset neighbourhood
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))
Sponsor-wide plan assets over time
All Trustees of South Central Minnesota Elec Workers Retirement and 401(k) plans reported in each filing year
- Latest sponsor-wide plan assets
- $336M 26.325700144300352% vs 2022
- 2024 filing year
| 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.
- 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
South Central Minnesota Electrical Workers Retirement and 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Glanbia Companies 401(k) Plan in ID ($336M); by covered participants it is The Townsend Corporation Hourly Employees Retirement Savings Plan in IN (1,577 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($336M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (1,577 participants); asset peers above are excluded.
- The Townsend Corporation Hourly Employees Retirement Savings Plan (IN) 1,577 · 0 off
- San Diego County Credit Union Employees Salary Savings Plan (CA) 1,577 · 0 off
- The Capfinancial Group, LLC 401(k) Plan (NC) 1,577 · 0 off
- Donnelley Financial Savings Plan (PA) 1,577 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.