Civic Intelligence

Minnesota Power Inc.

Plan context: Minnesota Power & Affiliated Companies Employee Stock Ownership Plan

EIN 41-0418150 • Duluth, MN • 196 filings • 33 plans

30 W Superior StDuluth, MN 55802-2191
Current Snapshot

Latest Year

2024

2024 Participants

1,633

2024 Assets

$2,028,216,196

2024 Contributions

$60,638,011

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$2,265,332,770$1,132,666,385$0199920122024YearValue
$2,028,216,196Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

1,9319660199920122024YearValue
1,633Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202451,633$2,028,216,196$60,638,011$37,133iApproximate average salary by contribution assumption: employee only about $928,322 at 4% or $618,882 at 6%; with 50% employer match about $618,882 at 4% or $412,588 at 6%; with 100% employer match about $464,161 at 4% or $309,441 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$633,831,604--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,633$605,672,357$36,547,782$22,381iApproximate average salary by contribution assumption: employee only about $559,519 at 4% or $373,013 at 6%; with 50% employer match about $373,013 at 4% or $248,675 at 6%; with 100% employer match about $279,760 at 4% or $186,506 at 6%.
Allete & Affiliated Companies Retirement Plan C-143$421,878,088$6,613,625$46,249iApproximate average salary by contribution assumption: employee only about $1,156,228 at 4% or $770,819 at 6%; with 50% employer match about $770,819 at 4% or $513,879 at 6%; with 100% employer match about $578,114 at 4% or $385,409 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-276$188,047,846$11,371,930$41,203iApproximate average salary by contribution assumption: employee only about $1,030,066 at 4% or $686,711 at 6%; with 50% employer match about $686,711 at 4% or $457,807 at 6%; with 100% employer match about $515,033 at 4% or $343,355 at 6%.
Allete and Affiliated Companies Welfare Benefits Plan-1,183$178,786,301$6,104,674$5,160iApproximate average salary by contribution assumption: employee only about $129,008 at 4% or $86,006 at 6%; with 50% employer match about $86,006 at 4% or $57,337 at 6%; with 100% employer match about $64,504 at 4% or $43,003 at 6%.
202351,569$1,920,714,624$63,238,175$40,305iApproximate average salary by contribution assumption: employee only about $1,007,619 at 4% or $671,746 at 6%; with 50% employer match about $671,746 at 4% or $447,831 at 6%; with 100% employer match about $503,810 at 4% or $335,873 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$590,945,188--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,569$546,169,297$32,230,947$20,542iApproximate average salary by contribution assumption: employee only about $513,559 at 4% or $342,372 at 6%; with 50% employer match about $342,372 at 4% or $228,248 at 6%; with 100% employer match about $256,779 at 4% or $171,186 at 6%.
Allete & Affiliated Companies Retirement Plan C-160$426,259,731$7,376,261$46,102iApproximate average salary by contribution assumption: employee only about $1,152,541 at 4% or $768,361 at 6%; with 50% employer match about $768,361 at 4% or $512,240 at 6%; with 100% employer match about $576,270 at 4% or $384,180 at 6%.
Allete and Affiliated Companies Welfare Benefits Plan-1,232$181,474,196$13,288,861$10,786iApproximate average salary by contribution assumption: employee only about $269,660 at 4% or $179,774 at 6%; with 50% employer match about $179,774 at 4% or $119,849 at 6%; with 100% employer match about $134,830 at 4% or $89,887 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-292$175,866,212$10,342,106$35,418iApproximate average salary by contribution assumption: employee only about $885,454 at 4% or $590,303 at 6%; with 50% employer match about $590,303 at 4% or $393,535 at 6%; with 100% employer match about $442,727 at 4% or $295,151 at 6%.
202251,432$1,804,668,227$57,724,113$40,310iApproximate average salary by contribution assumption: employee only about $1,007,753 at 4% or $671,836 at 6%; with 50% employer match about $671,836 at 4% or $447,890 at 6%; with 100% employer match about $503,877 at 4% or $335,918 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$568,619,728--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,432$484,094,253$27,583,851$19,262iApproximate average salary by contribution assumption: employee only about $481,562 at 4% or $321,041 at 6%; with 50% employer match about $321,041 at 4% or $214,027 at 6%; with 100% employer match about $240,781 at 4% or $160,521 at 6%.
Allete & Affiliated Companies Retirement Plan C-171$426,665,211--
Allete and Affiliated Companies Welfare Benefits Plan-984$170,986,152$17,796,638$18,086iApproximate average salary by contribution assumption: employee only about $452,150 at 4% or $301,434 at 6%; with 50% employer match about $301,434 at 4% or $200,956 at 6%; with 100% employer match about $226,075 at 4% or $150,717 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-319$154,302,883$12,343,624$38,695iApproximate average salary by contribution assumption: employee only about $967,369 at 4% or $644,912 at 6%; with 50% employer match about $644,912 at 4% or $429,942 at 6%; with 100% employer match about $483,684 at 4% or $322,456 at 6%.
202151,385$2,265,332,770$46,248,843$33,393iApproximate average salary by contribution assumption: employee only about $834,817 at 4% or $556,544 at 6%; with 50% employer match about $556,544 at 4% or $371,030 at 6%; with 100% employer match about $417,408 at 4% or $278,272 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$745,704,536--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,385$565,081,764$26,073,687$18,826iApproximate average salary by contribution assumption: employee only about $470,644 at 4% or $313,763 at 6%; with 50% employer match about $313,763 at 4% or $209,175 at 6%; with 100% employer match about $235,322 at 4% or $156,881 at 6%.
Allete & Affiliated Companies Retirement Plan C-187$564,011,341--
Allete and Affiliated Companies Welfare Benefits Plan-997$208,839,576$20,175,156$20,236iApproximate average salary by contribution assumption: employee only about $505,897 at 4% or $337,264 at 6%; with 50% employer match about $337,264 at 4% or $224,843 at 6%; with 100% employer match about $252,948 at 4% or $168,632 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-338$181,695,553--
202051,354$2,224,514,733$53,820,639$39,749iApproximate average salary by contribution assumption: employee only about $993,734 at 4% or $662,489 at 6%; with 50% employer match about $662,489 at 4% or $441,660 at 6%; with 100% employer match about $496,867 at 4% or $331,245 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$758,842,531--
Allete & Affiliated Companies Retirement Plan C-192$589,719,384--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,354$504,797,739$25,096,006$18,535iApproximate average salary by contribution assumption: employee only about $463,368 at 4% or $308,912 at 6%; with 50% employer match about $308,912 at 4% or $205,941 at 6%; with 100% employer match about $231,684 at 4% or $154,456 at 6%.
Allete and Affiliated Companies Welfare Benefits Plan-939$191,690,584$18,384,633$19,579iApproximate average salary by contribution assumption: employee only about $489,474 at 4% or $326,316 at 6%; with 50% employer match about $326,316 at 4% or $217,544 at 6%; with 100% employer match about $244,737 at 4% or $163,158 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-352$179,464,495$10,340,000$29,375iApproximate average salary by contribution assumption: employee only about $734,375 at 4% or $489,583 at 6%; with 50% employer match about $489,583 at 4% or $326,389 at 6%; with 100% employer match about $367,188 at 4% or $244,792 at 6%.
201981,355$1,915,723,931$46,625,434$34,410iApproximate average salary by contribution assumption: employee only about $860,248 at 4% or $573,499 at 6%; with 50% employer match about $573,499 at 4% or $382,332 at 6%; with 100% employer match about $430,124 at 4% or $286,749 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$698,762,646--
Allete & Affiliated Companies Retirement Plan C-208$557,311,000$1,787,827$8,595iApproximate average salary by contribution assumption: employee only about $214,883 at 4% or $143,255 at 6%; with 50% employer match about $143,255 at 4% or $95,504 at 6%; with 100% employer match about $107,442 at 4% or $71,628 at 6%.
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,355$492,733,301$25,483,554$18,807iApproximate average salary by contribution assumption: employee only about $470,176 at 4% or $313,451 at 6%; with 50% employer match about $313,451 at 4% or $208,967 at 6%; with 100% employer match about $235,088 at 4% or $156,725 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-372$152,131,994$18,499,000$49,728iApproximate average salary by contribution assumption: employee only about $1,243,212 at 4% or $828,808 at 6%; with 50% employer match about $828,808 at 4% or $552,539 at 6%; with 100% employer match about $621,606 at 4% or $414,404 at 6%.
Minnesota Power & Affiliated Companies Group Life Insurance Plan-1,146$14,784,990$855,053$746iApproximate average salary by contribution assumption: employee only about $18,653 at 4% or $12,435 at 6%; with 50% employer match about $12,435 at 4% or $8,290 at 6%; with 100% employer match about $9,326 at 4% or $6,218 at 6%.
Minnesota Power and Affiliated Companies Severance Pay Plan-679---
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,226---
Minnesota Power & Affiliated Companies Employees Dental Plan-996---
201891,852$1,693,708,986$28,684,022$15,488iApproximate average salary by contribution assumption: employee only about $387,203 at 4% or $258,136 at 6%; with 50% employer match about $258,136 at 4% or $172,090 at 6%; with 100% employer match about $193,602 at 4% or $129,068 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$597,160,684--
Allete & Affiliated Companies Retirement Plan C-235$487,845,354--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,852$485,262,348$27,025,396$14,593iApproximate average salary by contribution assumption: employee only about $364,814 at 4% or $243,209 at 6%; with 50% employer match about $243,209 at 4% or $162,139 at 6%; with 100% employer match about $182,407 at 4% or $121,605 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-389$110,139,286--
Minnesota Power & Affiliated Companies Group Life Insurance Plan-1,294$13,301,314$836,453$646iApproximate average salary by contribution assumption: employee only about $16,160 at 4% or $10,773 at 6%; with 50% employer match about $10,773 at 4% or $7,182 at 6%; with 100% employer match about $8,080 at 4% or $5,387 at 6%.
Minnesota Power and Affiliates Companies Master Pension Trust-0-$822,173-
Minnesota Power & Affiliated Companies Employees Dental Plan-1,113---
Minnesota Power and Affiliated Companies Severance Pay Plan-689---
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,214---
201791,855$1,779,897,037$41,963,779$22,622iApproximate average salary by contribution assumption: employee only about $565,550 at 4% or $377,033 at 6%; with 50% employer match about $377,033 at 4% or $251,355 at 6%; with 100% employer match about $282,775 at 4% or $188,517 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$629,343,052--
Allete & Affiliated Companies Retirement Plan C-0$491,524,467--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,855$490,965,533$26,112,580$14,077iApproximate average salary by contribution assumption: employee only about $351,922 at 4% or $234,614 at 6%; with 50% employer match about $234,614 at 4% or $156,410 at 6%; with 100% employer match about $175,961 at 4% or $117,307 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-434$111,689,558$13,500,000$31,106iApproximate average salary by contribution assumption: employee only about $777,650 at 4% or $518,433 at 6%; with 50% employer match about $518,433 at 4% or $345,622 at 6%; with 100% employer match about $388,825 at 4% or $259,217 at 6%.
Minnesota Power and Affiliates Companies Master Pension Trust-290$41,132,625$1,500,000$5,172iApproximate average salary by contribution assumption: employee only about $129,310 at 4% or $86,207 at 6%; with 50% employer match about $86,207 at 4% or $57,471 at 6%; with 100% employer match about $64,655 at 4% or $43,103 at 6%.
Minnesota Power & Affiliated Companies Group Life Insurance Plan-1,333$15,241,802$851,199$639iApproximate average salary by contribution assumption: employee only about $15,964 at 4% or $10,643 at 6%; with 50% employer match about $10,643 at 4% or $7,095 at 6%; with 100% employer match about $7,982 at 4% or $5,321 at 6%.
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,301---
Minnesota Power and Affiliated Companies Severance Pay Plan-743---
Minnesota Power & Affiliated Companies Employees Dental Plan-1,204---
201691,931$1,569,838,862$38,020,413$19,689iApproximate average salary by contribution assumption: employee only about $492,237 at 4% or $328,158 at 6%; with 50% employer match about $328,158 at 4% or $218,772 at 6%; with 100% employer match about $246,119 at 4% or $164,079 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$555,460,245--
Allete & Affiliated Companies Retirement Plan C-0$460,916,638--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,931$429,591,537$21,943,752$11,364iApproximate average salary by contribution assumption: employee only about $284,098 at 4% or $189,399 at 6%; with 50% employer match about $189,399 at 4% or $126,266 at 6%; with 100% employer match about $142,049 at 4% or $94,699 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-469$80,969,607$10,785,125$22,996iApproximate average salary by contribution assumption: employee only about $574,900 at 4% or $383,267 at 6%; with 50% employer match about $383,267 at 4% or $255,511 at 6%; with 100% employer match about $287,450 at 4% or $191,633 at 6%.
Minnesota Power and Affiliates Companies Master Pension Trust-311$28,742,430$4,380,600$14,086iApproximate average salary by contribution assumption: employee only about $352,138 at 4% or $234,759 at 6%; with 50% employer match about $234,759 at 4% or $156,506 at 6%; with 100% employer match about $176,069 at 4% or $117,379 at 6%.
Minnesota Power & Affiliated Companies Group Life Insurance Plan-1,362$14,158,405$910,936$669iApproximate average salary by contribution assumption: employee only about $16,721 at 4% or $11,147 at 6%; with 50% employer match about $11,147 at 4% or $7,431 at 6%; with 100% employer match about $8,360 at 4% or $5,574 at 6%.
Minnesota Power and Affiliated Companies Severance Pay Plan-740---
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,339---
Minnesota Power & Affiliated Companies Employees Dental Plan-1,231---
201581,416$1,439,561,565$26,985,689$19,058iApproximate average salary by contribution assumption: employee only about $476,442 at 4% or $317,628 at 6%; with 50% employer match about $317,628 at 4% or $211,752 at 6%; with 100% employer match about $238,221 at 4% or $158,814 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$520,490,356--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,416$377,397,755$19,777,321$13,967iApproximate average salary by contribution assumption: employee only about $349,176 at 4% or $232,784 at 6%; with 50% employer match about $232,784 at 4% or $155,189 at 6%; with 100% employer match about $174,588 at 4% or $116,392 at 6%.
Minnesota Power and Affiliates Companies Master Pension Trust-318$268,420,426$1,700,180$5,346iApproximate average salary by contribution assumption: employee only about $133,662 at 4% or $89,108 at 6%; with 50% employer match about $89,108 at 4% or $59,405 at 6%; with 100% employer match about $66,831 at 4% or $44,554 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-505$259,223,399$4,600,000$9,109iApproximate average salary by contribution assumption: employee only about $227,723 at 4% or $151,815 at 6%; with 50% employer match about $151,815 at 4% or $101,210 at 6%; with 100% employer match about $113,861 at 4% or $75,908 at 6%.
Minnesota Power & Affiliated Companies Group Life Insurance Plan-1,402$14,029,629$908,188$648iApproximate average salary by contribution assumption: employee only about $16,195 at 4% or $10,796 at 6%; with 50% employer match about $10,796 at 4% or $7,198 at 6%; with 100% employer match about $8,097 at 4% or $5,398 at 6%.
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,367---
Minnesota Power and Affiliated Companies Severance Pay Plan-768---
Minnesota Power & Affiliated Companies Employees Dental Plan-1,247---
201481,463$1,528,117,363$17,136,044$11,713iApproximate average salary by contribution assumption: employee only about $292,824 at 4% or $195,216 at 6%; with 50% employer match about $195,216 at 4% or $130,144 at 6%; with 100% employer match about $146,412 at 4% or $97,608 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$544,433,940--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,463$423,306,424$16,423,408$11,226iApproximate average salary by contribution assumption: employee only about $280,646 at 4% or $187,097 at 6%; with 50% employer match about $187,097 at 4% or $124,732 at 6%; with 100% employer match about $140,323 at 4% or $93,549 at 6%.
Minnesota Power and Affiliates Companies Master Pension Trust-385$274,810,533--
Minnesota Power and Affiliated Companies Retirement Plan B-537$270,180,644--
Minnesota Power & Affiliated Companies Group Life Insurance Plan-1,453$15,385,822$712,636$490iApproximate average salary by contribution assumption: employee only about $12,261 at 4% or $8,174 at 6%; with 50% employer match about $8,174 at 4% or $5,450 at 6%; with 100% employer match about $6,131 at 4% or $4,087 at 6%.
Minnesota Power & Affiliated Companies Employees Dental Plan-1,304---
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,419---
Minnesota Power and Affiliated Companies Severance Pay Plan-787---
201381,414$1,456,336,827$37,596,743$26,589iApproximate average salary by contribution assumption: employee only about $664,723 at 4% or $443,149 at 6%; with 50% employer match about $443,149 at 4% or $295,433 at 6%; with 100% employer match about $332,362 at 4% or $221,574 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$500,390,126--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,414$420,114,192$16,501,371$11,670iApproximate average salary by contribution assumption: employee only about $291,750 at 4% or $194,500 at 6%; with 50% employer match about $194,500 at 4% or $129,667 at 6%; with 100% employer match about $145,875 at 4% or $97,250 at 6%.
Minnesota Power and Affiliates Companies Master Pension Trust-440$261,312,576$6,090,324$13,842iApproximate average salary by contribution assumption: employee only about $346,041 at 4% or $230,694 at 6%; with 50% employer match about $230,694 at 4% or $153,796 at 6%; with 100% employer match about $173,021 at 4% or $115,347 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-580$259,532,465$13,408,716$23,118iApproximate average salary by contribution assumption: employee only about $577,962 at 4% or $385,308 at 6%; with 50% employer match about $385,308 at 4% or $256,872 at 6%; with 100% employer match about $288,981 at 4% or $192,654 at 6%.
Minnesota Power & Affiliated Companies Group Life Insurance Plan-1,382$14,987,468$1,596,332$1,155iApproximate average salary by contribution assumption: employee only about $28,877 at 4% or $19,251 at 6%; with 50% employer match about $19,251 at 4% or $12,834 at 6%; with 100% employer match about $14,439 at 4% or $9,626 at 6%.
Minnesota Power and Affiliated Companies Severance Pay Plan-724---
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,362---
Minnesota Power & Affiliated Companies Employees Dental Plan-1,266---
201281,418$1,298,265,622$23,045,247$16,252iApproximate average salary by contribution assumption: employee only about $406,298 at 4% or $270,866 at 6%; with 50% employer match about $270,866 at 4% or $180,577 at 6%; with 100% employer match about $203,149 at 4% or $135,433 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$455,694,096--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,418$373,794,139$15,053,590$10,616iApproximate average salary by contribution assumption: employee only about $265,402 at 4% or $176,935 at 6%; with 50% employer match about $176,935 at 4% or $117,956 at 6%; with 100% employer match about $132,701 at 4% or $88,467 at 6%.
Minnesota Power and Affiliates Companies Master Pension Trust-485$232,782,257$701,000$1,445iApproximate average salary by contribution assumption: employee only about $36,134 at 4% or $24,089 at 6%; with 50% employer match about $24,089 at 4% or $16,060 at 6%; with 100% employer match about $18,067 at 4% or $12,045 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-623$223,506,653$6,591,000$10,579iApproximate average salary by contribution assumption: employee only about $264,486 at 4% or $176,324 at 6%; with 50% employer match about $176,324 at 4% or $117,549 at 6%; with 100% employer match about $132,243 at 4% or $88,162 at 6%.
Minnesota Power & Affiliated Companies Group Life Insurance Plan-1,370$12,488,477$699,657$511iApproximate average salary by contribution assumption: employee only about $12,767 at 4% or $8,512 at 6%; with 50% employer match about $8,512 at 4% or $5,674 at 6%; with 100% employer match about $6,384 at 4% or $4,256 at 6%.
Minnesota Power and Affiliated Companies Severance Pay Plan-703---
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,342---
Minnesota Power & Affiliated Companies Employees Dental Plan-1,261---
201181,368$1,242,674,877$40,812,688$29,834iApproximate average salary by contribution assumption: employee only about $745,846 at 4% or $497,231 at 6%; with 50% employer match about $497,231 at 4% or $331,487 at 6%; with 100% employer match about $372,923 at 4% or $248,615 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$431,002,392--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,368$368,712,992$12,533,039$9,162iApproximate average salary by contribution assumption: employee only about $229,039 at 4% or $152,693 at 6%; with 50% employer match about $152,693 at 4% or $101,795 at 6%; with 100% employer match about $114,520 at 4% or $76,346 at 6%.
Minnesota Power and Affiliates Companies Master Pension Trust-523$224,280,561$13,480,000$25,774iApproximate average salary by contribution assumption: employee only about $644,359 at 4% or $429,573 at 6%; with 50% employer match about $429,573 at 4% or $286,382 at 6%; with 100% employer match about $322,180 at 4% or $214,786 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-656$207,239,256$13,780,000$21,006iApproximate average salary by contribution assumption: employee only about $525,152 at 4% or $350,102 at 6%; with 50% employer match about $350,102 at 4% or $233,401 at 6%; with 100% employer match about $262,576 at 4% or $175,051 at 6%.
Minnesota Power & Affiliated Companies Group Life Insurance Plan-1,348$11,439,676$1,019,649$756iApproximate average salary by contribution assumption: employee only about $18,910 at 4% or $12,607 at 6%; with 50% employer match about $12,607 at 4% or $8,405 at 6%; with 100% employer match about $9,455 at 4% or $6,303 at 6%.
Minnesota Power and Affiliated Companies Severance Pay Plan-667---
Minnesota Power & Affiliated Companies Employees Dental Plan-1,244---
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,298---
201081,311$1,164,676,894$48,438,909$36,948iApproximate average salary by contribution assumption: employee only about $923,702 at 4% or $615,801 at 6%; with 50% employer match about $615,801 at 4% or $410,534 at 6%; with 100% employer match about $461,851 at 4% or $307,901 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$385,097,221--
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,311$375,521,251$15,791,806$12,046iApproximate average salary by contribution assumption: employee only about $301,140 at 4% or $200,760 at 6%; with 50% employer match about $200,760 at 4% or $133,840 at 6%; with 100% employer match about $150,570 at 4% or $100,380 at 6%.
Minnesota Power and Affiliates Companies Master Pension Trust-556$205,718,762$7,986,726$14,365iApproximate average salary by contribution assumption: employee only about $359,115 at 4% or $239,410 at 6%; with 50% employer match about $239,410 at 4% or $159,607 at 6%; with 100% employer match about $179,558 at 4% or $119,705 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-700$186,542,374$23,573,060$33,676iApproximate average salary by contribution assumption: employee only about $841,895 at 4% or $561,263 at 6%; with 50% employer match about $561,263 at 4% or $374,176 at 6%; with 100% employer match about $420,948 at 4% or $280,632 at 6%.
Minnesota Power & Affiliated Companies Group Life Insurance Plan-1,294$11,797,286$1,087,317$840iApproximate average salary by contribution assumption: employee only about $21,007 at 4% or $14,005 at 6%; with 50% employer match about $14,005 at 4% or $9,336 at 6%; with 100% employer match about $10,503 at 4% or $7,002 at 6%.
Minnesota Power & Affiliated Companies Employees Dental Plan-1,224---
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,271---
Minnesota Power and Affiliated Companies Severance Pay Plan-627---
200981,315$1,006,873,757$20,775,889$15,799iApproximate average salary by contribution assumption: employee only about $394,979 at 4% or $263,319 at 6%; with 50% employer match about $263,319 at 4% or $175,546 at 6%; with 100% employer match about $197,489 at 4% or $131,660 at 6%.
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,315$340,795,670$18,114,977$13,776iApproximate average salary by contribution assumption: employee only about $344,391 at 4% or $229,594 at 6%; with 50% employer match about $229,594 at 4% or $153,063 at 6%; with 100% employer match about $172,196 at 4% or $114,797 at 6%.
Minnesota Power & Affiliated Companies Employee Stock Ownership Plan--$326,728,169--
Minnesota Power and Affiliates Companies Master Pension Trust-594$180,831,223$1,500,000$2,525iApproximate average salary by contribution assumption: employee only about $63,131 at 4% or $42,088 at 6%; with 50% employer match about $42,088 at 4% or $28,058 at 6%; with 100% employer match about $31,566 at 4% or $21,044 at 6%.
Minnesota Power and Affiliated Companies Retirement Plan B-708$147,937,096--
Minnesota Power & Affiliated Companies Group Life Insurance Plan-1,308$10,581,599$1,160,912$888iApproximate average salary by contribution assumption: employee only about $22,189 at 4% or $14,792 at 6%; with 50% employer match about $14,792 at 4% or $9,862 at 6%; with 100% employer match about $11,094 at 4% or $7,396 at 6%.
Minnesota Power and Affiliated Companies Severance Pay Plan-650---
Minnesota Power & Affiliated Companies Employees Dental Plan-1,246---
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,293---
200881,402$891,392,531$49,367,557$35,212iApproximate average salary by contribution assumption: employee only about $880,306 at 4% or $586,871 at 6%; with 50% employer match about $586,871 at 4% or $391,247 at 6%; with 100% employer match about $440,153 at 4% or $293,435 at 6%.
Minnesota Power & Affiliated Companies Supplemental Retirement Plan-1,402$304,675,710$15,190,027$10,835iApproximate average salary by contribution assumption: employee only about $270,864 at 4% or $180,576 at 6%; with 50% employer match about $180,576 at 4% or $120,384 at 6%; with 100% employer match about $135,432 at 4% or $90,288 at 6%.
Minn Pwer & Light Co. & Affl Cos Long-Term Disability-1,339---
Minnesota Power & Affiliated Companies Employees Dental Plan-1,271---
Minnesota Power and Affiliated Companies Severance Pay Plan-672---
200781,330$1,226,864,765$23,522,640$17,686iApproximate average salary by contribution assumption: employee only about $442,155 at 4% or $294,770 at 6%; with 50% employer match about $294,770 at 4% or $196,513 at 6%; with 100% employer match about $221,077 at 4% or $147,385 at 6%.
200681,323$1,216,552,290$20,404,236$15,423iApproximate average salary by contribution assumption: employee only about $385,568 at 4% or $257,045 at 6%; with 50% employer match about $257,045 at 4% or $171,363 at 6%; with 100% employer match about $192,784 at 4% or $128,523 at 6%.
200581,363$1,098,060,746$14,552,682$10,677iApproximate average salary by contribution assumption: employee only about $266,924 at 4% or $177,949 at 6%; with 50% employer match about $177,949 at 4% or $118,633 at 6%; with 100% employer match about $133,462 at 4% or $88,975 at 6%.
200481,359$1,038,670,621$19,028,187$14,002iApproximate average salary by contribution assumption: employee only about $350,040 at 4% or $233,360 at 6%; with 50% employer match about $233,360 at 4% or $155,573 at 6%; with 100% employer match about $175,020 at 4% or $116,680 at 6%.
200381,370$979,687,954$13,283,019$9,696iApproximate average salary by contribution assumption: employee only about $242,391 at 4% or $161,594 at 6%; with 50% employer match about $161,594 at 4% or $107,729 at 6%; with 100% employer match about $121,195 at 4% or $80,797 at 6%.
200281,451$722,778,948$14,745,134$10,162iApproximate average salary by contribution assumption: employee only about $254,051 at 4% or $169,367 at 6%; with 50% employer match about $169,367 at 4% or $112,912 at 6%; with 100% employer match about $127,026 at 4% or $84,684 at 6%.
200181,494$722,735,590$16,637,473$11,136iApproximate average salary by contribution assumption: employee only about $278,405 at 4% or $185,603 at 6%; with 50% employer match about $185,603 at 4% or $123,735 at 6%; with 100% employer match about $139,202 at 4% or $92,802 at 6%.
200081,401$839,038,206$11,722,801$8,367iApproximate average salary by contribution assumption: employee only about $209,186 at 4% or $139,458 at 6%; with 50% employer match about $139,458 at 4% or $92,972 at 6%; with 100% employer match about $104,593 at 4% or $69,729 at 6%.
199981,443$673,875,660$10,748,734$7,449iApproximate average salary by contribution assumption: employee only about $186,222 at 4% or $124,148 at 6%; with 50% employer match about $124,148 at 4% or $82,765 at 6%; with 100% employer match about $93,111 at 4% or $62,074 at 6%.
Minnesota Power Inc. | EIN 41-0418150 | 2024 Form 5500 Company Profile