Minnwest Corporation 401(k) Plan: Login, Facts & Contact Information

Minnwest Corporation 401(k) Plan Facts

Plan name
MINNWEST CORPORATION 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MINNWEST CORPORATION
Participants
549 (404 active employees)
Former employees with a balance
121
Plan assets
$72,458,629 at Dec 31, 2024
Average account balance
$148,481 across 488 accounts
Employer contributions
$1,715,584 in plan year 2024 (32% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Feb 1, 1987
✓ 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 2, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $5.37 million went into the plan in contributions, $1.72 million of it from the employer (32%).
  • $8.70 million was paid out to participants.
  • Investment and other income added $9.46 million.
  • Administrative expenses were $118,410, about $243 per account.

How the Minnwest Corporation 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019506$48.0 million$1.14 million$4.52 million
2020496$56.3 million$1.23 million$2.67 million
2021501$64.2 million$1.30 million$4.90 million
2022570$57.0 million$1.62 million$4.23 million
2023568$66.5 million$1.67 million$5.31 million
2024549$72.5 million$1.72 million$8.70 million

Minnwest Corporation 401(k) Contact Information

Phone
952-230-9851
Mailing address
14820 HIGHWAY 7 SUITE 200, MINNETONKA MN 55345
Plan sponsor
MINNWEST CORPORATION
Employer identification number (EIN)
41-1549950
Plan number
001

Questions about the Minnwest Corporation 401(k)

Does Minnwest Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.72 million, 32% of all contributions.

Does the Minnwest Corporation 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Minnwest Corporation 401(k) plan?

549 participants at the start of plan year 2024, 404 of them active employees, and 121 former employees who still had money in the plan.

What is the average 401(k) balance at Minnwest Corporation?

About $148,481 per account: $72.5 million in plan assets across 488 accounts with a balance at the end of plan year 2024.

Who manages the Minnwest Corporation 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Minnwest Corporation. How do I access my 401(k)?

Your account stays with Principal 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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