401(k) plans in Minnesota: match, fees and largest employers
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Median maximum match
Not enough reviewed formulas yet (0)
0.24%
Median admin expenses ÷ assets
1,428 defined-contribution plans
$1,881
Median employer contribution per participant
Schedule H / I, plan year 2024
$73,534
Median average balance
Assets ÷ participants with balances
Match rankings in Minnesota appear once at least 5 employers have a match formula reviewed by a person. Until then, each employer page quotes what its filing says about matching contributions.
Largest employers in Minnesota
| Employer | Industry | Participants | Plan assets |
|---|---|---|---|
| Wells Fargo | Management of Companies and Enterprises | 423,046 | $66.2B |
| Target | Retail Trade | 571,273 | $17.7B |
| Best Buy Enterprise Services | Retail Trade | 108,948 | $3.1B |
| General Mills | Manufacturing | 63,531 | $10.3B |
| U.S. Bank | Finance and Insurance | 208,833 | $19.3B |
| Ecolab | Manufacturing | 58,830 | $5.9B |
| 3M | Manufacturing | 67,942 | $19.1B |
| UnitedHealth Group | Professional, Scientific, and Technical Services | 277,729 | $26.7B |
| Mayo Clinic | Health Care and Social Assistance | 212,072 | $24.7B |
| Travelers Companies | Finance and Insurance | 88,001 | $14.6B |
| Xcel Energy | Utilities | 40,326 | $6.7B |
| Ameriprise Financial | Finance and Insurance | 21,274 | $4.5B |
| Cargill | Wholesale Trade | 119,301 | $12.7B |
| Fairview Health Services | Health Care and Social Assistance | 54,019 | $4.6B |
| Prohealth Physicians | Health Care and Social Assistance | 52,900 | $4.6B |
| Allina Health System | Health Care and Social Assistance | 49,151 | $4.5B |
| Life Time | Arts, Entertainment, and Recreation | 43,612 | $332M |
| National Roofing Industry Pension Fund Wilson-McShane | Construction | 42,775 | $2.4B |
| National Mentor Holdings | Health Care and Social Assistance | 41,694 | $347M |
| Andersen | Manufacturing | 36,941 | $3.2B |
| Hormel Foods | Manufacturing | 36,165 | $3.2B |
| Thomson Reuters Holdings | Information | 32,100 | $5.9B |
| CHS | Wholesale Trade | 27,686 | $2.6B |
| Centracare Health System | Health Care and Social Assistance | 26,160 | $2.1B |
| Board of Trustees of the Carpenters & Joiners Defined Contribution Pla | Construction | 23,909 | $811M |
| Thrivent Financial for Lutherans | Finance and Insurance | 22,568 | $3.5B |
| Land O'Lakes | Manufacturing | 22,126 | $2.9B |
| Essentia Health | Health Care and Social Assistance | 21,878 | $2.3B |
| Board of Trustees of Minnesota Laborers Pension Fund | Construction | 21,655 | $3.2B |
| Fastenal | Retail Trade | 21,022 | $1.1B |
| Solventum | Manufacturing | 19,806 | $4.5B |
| Surgical Care Affiliates | Health Care and Social Assistance | 19,109 | $713M |
| Api Group | Wholesale Trade | 15,556 | $839M |
| RBC USA Holdco | Finance and Insurance | 14,686 | $4.3B |
| Presbyterian Homes and Services | Health Care and Social Assistance | 14,681 | $213M |
| C.H. Robinson | Transportation and Warehousing | 14,664 | $1.8B |
| Group Health Plan | Health Care and Social Assistance | 14,324 | $3.4B |
| Park Nicollet Health Services | Health Care and Social Assistance | 13,739 | $2.4B |
| Coborn's | Retail Trade | 12,879 | $199M |
| Trustees of Operating Engineers Local #49 Defined Contribution Plan | Construction | 12,571 | $71M |
| Schwans Shared Services | Manufacturing | 11,319 | $632M |
| Polaris Industries | Manufacturing | 11,172 | $1.1B |
| Regions Hospital | Health Care and Social Assistance | 10,821 | $790M |
| Cliftonlarsonallen | Professional, Scientific, and Technical Services | 10,713 | $1.5B |
| Atrius Mso | Health Care and Social Assistance | 10,541 | $1.6B |
| Taylor | Manufacturing | 10,348 | $910M |
| Cardinal Glass Industries | Manufacturing | 10,324 | $687M |
| Dayforce US | Professional, Scientific, and Technical Services | 10,267 | $952M |
| M. A. Mortenson | Construction | 10,060 | $865M |
| Donaldson | Manufacturing | 9,674 | $1.1B |
| Trustees of the Pipe Trades Services MN Pension Trust | Construction | 9,553 | $1.6B |
| Patterson Companies | Management of Companies and Enterprises | 9,475 | $999M |
| Marvin Lumber and Cedar | Manufacturing | 9,449 | $693M |
| Agiliti Health | Real Estate and Rental and Leasing | 9,402 | $324M |
| Toro | Manufacturing | 9,349 | $1.4B |
| Blue Cross & Blue Shield of Minnesota | Finance and Insurance | 9,211 | $1.1B |
| Daikin Applied Americas | Manufacturing | 9,081 | $590M |
| Azoa Services | Finance and Insurance | 8,736 | $2.1B |
| Deluxe | Manufacturing | 8,627 | $1.5B |
| Prime Therapeutics | Finance and Insurance | 8,609 | $911M |
Showing the 60 largest of 1,377. Search for an employer.
From public Form 5500 filings. Medians cover 401(k), 403(b) and profit-sharing plans of the employers listed here. Not financial advice. Methodology