Employer · plans filed under one EIN
Andersen Corporation
Bayport, MN · Manufacturing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Andersen Corporation, based in Bayport, Minnesota, sponsors 4 retirement plans with 100 or more participants: 2 defined contribution and 2 defined benefit. Together they reported 34,358 participant records and $3.26B in net assets.
The largest is Andersen 401(k) Plan, a 401(k) plan with 19,059 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $58.2M and participant contributions $76.1M in the latest plan years; benefits paid were $467M. Schedule C compensation reported to service provider organisations totalled $6.1M.
Combined net assets moved from $1.30B in 2009 to $3.26B in 2025 (up 151%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Andersen 401(k) Plan | 401(k) plan | 2025 | 19,059 | $1.68B | $88,405 | $4,234 | $2.5M |
| Andersen Corporation Employee Stock Ownership Plan | employee stock ownership plan | 2025 | 10,864 | $877M | $80,689 | — | $421K |
| Andersen Corporation Employees' Pension and Retirement Plan | defined benefit pension plan | 2025 | 3,972 | $682M | $171,629 | — | $3.0M |
| Andersen Pension Plan | defined benefit pension plan | 2025 | 463 | $16.7M | $36,115 | — | $196K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 4 | 34,358 | $3.26B | $58.2M | $76.1M |
| 2024 | 4 | 36,941 | $3.20B | $55.4M | $73.8M |
| 2023 | 4 | 38,050 | $3.04B | $51.4M | $66.8M |
| 2022 | 4 | 36,683 | $2.55B | $43.5M | $58.0M |
| 2021 | 4 | 32,303 | $3.14B | $35.2M | $50.1M |
| 2020 | 4 | 30,081 | $2.86B | $27.7M | $40.4M |
| 2019 | 4 | 28,063 | $2.47B | $27.4M | $38.8M |
| 2018 | 4 | 28,646 | $2.11B | $25.0M | $37.5M |
| 2017 | 4 | 26,357 | $2.24B | $181M | $34.0M |
| 2016 | 4 | 25,537 | $1.82B | $47.8M | $29.9M |
| 2015 | 3 | 24,932 | $1.65B | $95.4M | $25.0M |
| 2014 | 3 | 24,040 | $1.56B | $8.7M | $18.5M |
| 2013 | 3 | 20,813 | $1.41B | $6.6M | $15.2M |
| 2012 | 3 | 20,548 | $1.28B | $5.5M | $13.8M |
| 2011 | 3 | 22,542 | $1.31B | $5.0M | $14.3M |
| 2010 | 3 | 22,899 | $1.41B | $9.9M | $14.5M |
| 2009 | 3 | 23,892 | $1.30B | $11.7M | $14.6M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Russell Investments Trust Company | Investment management | 3 | $3,374,766 |
| Schwab Retirement Plan Services,inc | Recordkeeping and information management; Investment advisory (participants) | 1 | $1,198,120 |
| Towers Watson Delaware, Inc. | Actuarial; Recordkeeping and information management; Consulting (pension) | 2 | $607,973 |
| U.S. Bank, National Association | Custodial (securities); Trustee (bank, trust company, or similar financial institution) | 3 | $478,571 |
| Bsi | Recordkeeping and information management | 1 | $181,678 |
| BDO USA LLP | Accounting (including auditing) | 4 | $125,989 |
| Principal Life Insurance Company | Contract Administrator | 1 | $36,494 |
| Beacon Pointe Advisors LLC | Investment advisory (participants) | 1 | $33,791 |
| Quarry Hill Advisors LLC | Investment advisory (participants) | 1 | $24,933 |
| Action Point Financial Planning | Investment advisory (participants) | 1 | $21,981 |
| Intelligent Financial Strategies | Investment advisory (participants) | 1 | $12,910 |
| Great Valley Advisor Group | Investment advisory (participants) | 1 | $11,962 |
| Moloney Securities Asset MGMT | Investment advisory (participants) | 1 | $8,394 |
| Focus Partners Advisor Solution | Investment advisory (participants) | 1 | $7,394 |
| Fox Rothschild LLP | Investment advisory (participants) | 1 | $6,050 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Andersen Corporation have?
4 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Andersen 401(k) Plan, Andersen Corporation Employee Stock Ownership Plan, Andersen Corporation Employees' Pension and Retirement Plan and Andersen Pension Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Andersen Corporation contribute to its plans?
$58,204,069 in employer contributions across these plans in their latest plan years, about $2,384 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Russell Investments Trust Company, Schwab Retirement Plan Services,inc, Towers Watson Delaware, Inc. and U.S. Bank, National Association and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.