University Of Minnesota Physicians 401(k) Plan: Login, Facts & Contact Information

University Of Minnesota Physicians 401(k) Plan Facts

Plan name
UNIVERSITY OF MINNESOTA PHYSICIANS RETIREMENT SAVINGS AND 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
UNIVERSITY OF MINNESOTA PHYSICIANS
Participants
5,949 (4,740 active employees)
Former employees with a balance
1,277
Plan assets
$1,106,225,726 at Dec 31, 2024
Average account balance
$187,115 across 5,912 accounts
Employer contributions
$51,650,095 in plan year 2024 (55% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1998
✓ 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 Jul 16, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $93.8 million went into the plan in contributions, $51.7 million of it from the employer (55%).
  • $57.9 million was paid out to participants.
  • Investment and other income added $138.4 million.
  • Administrative expenses were $508,770, about $86 per account.

How the University Of Minnesota Physicians 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20194,194$608.8 million$36.6 million$36.3 million
20204,612$724.2 million$32.4 million$42.4 million
20214,828$861.0 million$41.2 million$38.9 million
20225,098$739.4 million$45.1 million$42.7 million
20235,490$932.7 million$49.1 million$37.4 million
20245,949$1.11 billion$51.7 million$57.9 million

University Of Minnesota Physicians 401(k) Contact Information

Phone
612-554-9970
Mailing address
720 WASHINGTON ST SE, MINNEAPOLIS MN 55414
Plan sponsor
UNIVERSITY OF MINNESOTA PHYSICIANS
Employer identification number (EIN)
41-1843943
Plan number
002

Questions about the University Of Minnesota Physicians 401(k)

Does University Of Minnesota Physicians contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $51.7 million, 55% of all contributions.

Does the University Of Minnesota Physicians 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the University Of Minnesota Physicians 401(k) plan?

5,949 participants at the start of plan year 2024, 4,740 of them active employees, and 1,277 former employees who still had money in the plan.

What is the average 401(k) balance at University Of Minnesota Physicians?

About $187,115 per account: $1.11 billion in plan assets across 5,912 accounts with a balance at the end of plan year 2024.

Who manages the University Of Minnesota Physicians 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at University Of Minnesota Physicians. How do I access my 401(k)?

Your account stays with Empower 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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