Minnesota Timberwolves Basketball, Lp 401(k) Plan: Login, Facts & Contact Information

Minnesota Timberwolves Basketball, Lp 401(k) Plan Facts

Plan name
MINNESOTA TIMBERWOLVES BASKETBALL LIMITED PARTNERSHIP EMPLOYEE SAVINGS AND PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MINNESOTA TIMBERWOLVES BASKETBALL, LP
Participants
343 (319 active employees)
Former employees with a balance
93
Plan assets
$24,931,863 at Dec 31, 2024
Average account balance
$65,957 across 378 accounts
Employer contributions
$604,257 in plan year 2024 (19% of all contributions)
Recordkeeper
Merrill Lynch, Pierce, Fenner And S
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jun 12, 1997
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 6, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.20 million went into the plan in contributions, $604,257 of it from the employer (19%).
  • $923,855 was paid out to participants.
  • Investment and other income added $2.94 million.
  • Administrative expenses were $46,302, about $122 per account.

How the Minnesota Timberwolves Basketball, Lp 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019241$10.5 million$244,190$854,193
2020246$13.4 million$268,334$587,858
2021264$15.9 million$300,533$1.26 million
2022269$14.4 million$397,991$684,079
2023313$19.8 million$503,165$169,044
2024343$24.9 million$604,257$923,855

Minnesota Timberwolves Basketball, Lp 401(k) Contact Information

Phone
612-673-1600
Mailing address
THE COURTS AT MAYO CLINIC SQUARE 600 HENNEPIN AVENUE, SUITE 300, MINNEAPOLIS MN 55403
Plan sponsor
MINNESOTA TIMBERWOLVES BASKETBALL, LP
Employer identification number (EIN)
41-1796677
Plan number
002

Questions about the Minnesota Timberwolves Basketball, Lp 401(k)

Does Minnesota Timberwolves Basketball, Lp contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $604,257, 19% of all contributions.

Does the Minnesota Timberwolves Basketball, Lp 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Minnesota Timberwolves Basketball, Lp 401(k) plan?

343 participants at the start of plan year 2024, 319 of them active employees, and 93 former employees who still had money in the plan.

What is the average 401(k) balance at Minnesota Timberwolves Basketball, Lp?

About $65,957 per account: $24.9 million in plan assets across 378 accounts with a balance at the end of plan year 2024.

Who manages the Minnesota Timberwolves Basketball, Lp 401(k) accounts?

Merrill Benefits OnLine (listed on the filing as MERRILL LYNCH, PIERCE, FENNER AND S) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Minnesota Timberwolves Basketball, Lp. How do I access my 401(k)?

Your account stays with Merrill Benefits OnLine after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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