Minnkota Power Cooperative 401(k) match, vesting and fees
What Minnkota Power Cooperative's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Brady Martz (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 291 defined-contribution plans in utilities with 100 to 499 participants.
| Minnkota Power Cooperative: employer contribution per participant | $2,078 | |
| Peer median | $3,631 |
| Minnkota Power Cooperative: average balance | $169,606 | |
| Peer median | $86,045 |
| Minnkota Power Cooperative: admin expenses ÷ assets | 0.15% | |
| Peer median | 0.25% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $61.5M at the end of plan year 2023 to $75M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 483 | $75M | $918K | $2,078 | 0.15% | Not published | Form 5500 ↗ |
| 2023 | 467 | $61.5M | $840K | $1,959 | 0.15% | Not published | Form 5500 ↗ |
Other Minnkota Power Cooperative plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Brady Martz & Associates (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Minnkota Power Cooperative, Inc. Employees Pension Plan a
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Milliman | Schedule C ↗ |
| Independent auditor | Brady Martz & Associates (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Minnkota Power Cooperative match 401(k) contributions?
The match terms for the Minnkota Power Cooperative, Inc. Employees 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $918K in employer contributions, about $2,078 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Minnkota Power Cooperative 401(k) match vested?
The vesting schedule for the Minnkota Power Cooperative, Inc. Employees 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Minnkota Power Cooperative 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Minnkota Power Cooperative, Inc..
I left Minnkota Power Cooperative. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Minnkota Power Cooperative, Inc., (701) 795-4000) or the recordkeeper, Schwab Retirement Plan Services,inc. The Minnkota Power Cooperative old 401(k) page lists the contacts from every plan filing. Find an old Minnkota Power Cooperative 401(k)
Data from the public Form 5500 annual reports Minnkota Power Cooperative filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Minnkota Power Cooperative. Not financial advice. Report a correction · Methodology