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THRIVENT FINANCIAL FOR LUTHERANS
THRIVENT FINANCIAL FOR LUTHERANS
MN · EIN 390123480
98
Executives Disclosed
$11798.7M
Annual Revenue
$117961.3M
Total Assets
86.8:1
Internal Pay Ratio
THRIVENT FINANCIAL FOR LUTHERANS has 98 executives with disclosed compensation. The highest-paid executive, Teresa Rasmussen (CEO), received peak total compensation of $23,314,953.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Teresa Rasmussen | CEO | $23.3M | $23.3M | 2016–2024 | 310.9x |
| David Royal | EVP, CFO | $8.6M | $8.6M | 2021–2024 | 115x |
| Bradford Hewitt | CEO (FORMER) | $7.9M | $569K | 2016–2021 | 104.9x |
| Mary Jane Fortin | EVP, COO (FORMER) | $7.6M | $5.8M | 2021–2024 | 101.5x |
| Paul Johnston | EVP, GENERAL COUNSEL | $6.9M | $6.9M | 2018–2024 | 92.5x |
| Vibhu Sharma | EVP, CFO | $4.8M | $2.7M | 2019–2022 | 63.6x |
| Carolyn Sakstrup | EVP, GROWTH & GENEROSITY | $4.3M | $4.3M | 2023–2023 | 57.3x |
| Matthew Finn | VP, HEAD OF EQUITY FUNDS | $4.2M | $4.2M | 2019–2023 | 56.5x |
| David S Royal | EVP, CHIEF INVESTMENT OFFICER | $4.2M | $4.2M | 2017–2020 | 56.2x |
| David C Francis | VP, INVESTMENT EQUITIES | $3.6M | $3.2M | 2016–2019 | 48.6x |
| Eric Bilger | FINANCIAL ASSOCIATE | $3.2M | $4.7M | 2021–2024 | 43x |
| Mark Simenstad | VP,CHIEF INVESTMENT STRATEGIST | $3.2M | $3.2M | 2021–2021 | 42.9x |
| Matthew Molstre | FINANCIAL ASSOCIATE | $3.2M | $4.3M | 2024–2024 | 42.8x |
| Jonathan Doering | FINANCIAL ASSOCIATE | $3.2M | $4.5M | 2023–2024 | 42.5x |
| Mark L Simenstad | VP, CHIEF INVESTMENT STRAT. | $3.1M | $2.4M | 2016–2020 | 42x |
| Russell W Swansen | CHIEF INVESTMENT OFFICER | $2.9M | $2.5M | 2016–2017 | 38.9x |
| Terry Timm | SVP, PRODUCT MANUFACT.(FORMER) | $2.8M | $187K | 2019–2023 | 37.5x |
| Brian Anderson | FINANCIAL ASSOCIATE | $2.7M | $3.9M | 2024–2024 | 35.9x |
| James A Thomsen | SVP, DISTRIBUTION | $2.7M | $2.7M | 2016–2018 | 35.5x |
| Ryan Eckhardt | FINANCIAL ASSOCIATE | $2.6M | $4.1M | 2021–2024 | 34.6x |
| Randall L Boushek | SVP, CFO & TREASURER | $2.6M | $2.6M | 2016–2019 | 34.2x |
| Knut A Olson | MANAGING PARTNER | $2.5M | $2.5M | 2016–2016 | 33.2x |
| Randall Boushek | EVP, CFO (FORMER) | $2.3M | $375K | 2020–2022 | 30.7x |
| Eric W Bilger | PRACTICE DEVELOPER | $2.2M | $2.6M | 2016–2020 | 29.9x |
| Jim Thomsen | SVP, DISTRIBUTION (FORMER) | $2.2M | $2.1M | 2019–2020 | 29.5x |
| Mike Fuehrmeyer | FINANCIAL ASSOCIATE | $2.1M | $2.1M | 2019–2019 | 28.6x |
| Don Knoernschild | PRACTICE DEVELOPER | $2.1M | $2.7M | 2022–2022 | 27.6x |
| David Granner | PRACTICE DEVELOPER | $2.1M | $2.7M | 2022–2022 | 27.5x |
| Terry W Timm | SVP, PRODUCT MANUFACTURING | $2.1M | $2.0M | 2016–2018 | 27.4x |
| Darrell Shideler | ADVISOR I | $1.9M | $2.1M | 2020–2020 | 25x |
| Donald Knoernschild | PRACTICE DEVELOPER | $1.8M | $2.5M | 2020–2021 | 24.3x |
| Russell Swansen | EVP,CHIEF INV OFFICER (FORMER) | $1.8M | $318K | 2018–2020 | 24.2x |
| Christopher Kopka | PRES, THRIVENT CHURCH (FORMER) | $1.7M | $128K | 2019–2021 | 23x |
| Dean Solomon | WEALTH ADVISOR | $1.6M | $1.9M | 2018–2018 | 20.7x |
| Paul R Johnston | GENERAL COUNSEL & SECRETARY | $1.4M | $1.4M | 2016–2017 | 18.8x |
| Anne Sample | SVP, CHIEF HR OFFICER (FORMER) | $1.3M | $1.3M | 2016–2016 | 17.4x |
| Christopher J Kopka | PRESIDENT, THRIVENT CHURCH SVC | $1.3M | $1.3M | 2016–2018 | 16.9x |
| Larry A Winter | WEALTH ADVISOR | $1.2M | $2.0M | 2016–2016 | 16.5x |
| David N Granner | FINANCIAL CONSULTANT | $1.2M | $1.9M | 2017–2017 | 16.4x |
| Susan Oberman Smith | SVP, CHIEF ACTUARY (FORMER) | $1.2M | $233K | 2016–2021 | 16x |
| Knut Olson | SVP (FORMER) | $1.1M | $1.1M | 2017–2017 | 14.4x |
| Donald G Knoernschild | PRACTICE DEVELOPER | $1.1M | $1.9M | 2017–2018 | 14.2x |
| Mary Nease | EVP, CHIEF HR OFFICER(FORMER) | $918K | $140K | 2017–2021 | 12.2x |
| Marie Uhrich | VP, MARKETING (FORMER) | $789K | $129K | 2016–2017 | 10.5x |
| Douglas Bearrood | VP, CORP. ACTUARIAL (FORMER) | $575K | $334K | 2021–2022 | 7.7x |
| Doug Bearrood | VP, CORPORATE ACTUARIAL | $533K | $533K | 2019–2020 | 7.1x |
| Paul Zastrow | VP, TREASURER (FORMER) | $433K | $433K | 2017–2017 | 5.8x |
| Douglas A Bearrood | VP, CORPORATE ACTUARIAL | $419K | $419K | 2017–2018 | 5.6x |
| James Thomsen | SVP, DISTRIBUTION (FORMER) | $414K | $179K | 2021–2023 | 5.5x |
| N Cornell Boggs | CHAIR OF THE BOARD | $391K | $391K | 2020–2024 | 5.2x |
| Bonnie Raquet | DIRECTOR (FORMER) | $376K | $20K | 2016–2024 | 5x |
| Paul R Zastrow | VP, TREASURER (FORMER) | $362K | $362K | 2016–2016 | 4.8x |
| Frank Henry Moeller | DIRECTOR (FORMER) | $306K | $23K | 2016–2022 | 4.1x |
| Bradford Creswell | DIRECTOR | $269K | $269K | 2018–2024 | 3.6x |
| Eric Draut | DIRECTOR | $269K | $269K | 2021–2024 | 3.6x |
| Kathryn Marinello | DIRECTOR | $269K | $269K | 2021–2024 | 3.6x |
| Lynn Crump-Caine | DIRECTOR | $269K | $269K | 2016–2024 | 3.6x |
| Kirk Farney | DIRECTOR | $255K | $0 | 2021–2024 | 3.4x |
| Angela Rieger | DIRECTOR | $244K | $244K | 2020–2024 | 3.3x |
| Brian McGrane | DIRECTOR | $244K | $244K | 2023–2024 | 3.3x |
| Deborah Ackerman | DIRECTOR | $244K | $244K | 2020–2024 | 3.3x |
| Jill Louis | DIRECTOR | $244K | $244K | 2021–2024 | 3.3x |
| Kenneth Carow | DIRECTOR | $244K | $244K | 2021–2024 | 3.3x |
| Nichole Pechet | DIRECOTR | $244K | $244K | 2021–2024 | 3.3x |
| Mark Jeske | DIRECTOR | $229K | $0 | 2021–2024 | 3.1x |
| Frederick G Kraegel | DIRECTOR | $227K | $227K | 2018–2020 | 3x |
| Kirk D Farney | DIRECTOR | $223K | $223K | 2016–2020 | 3x |
| Kathryn V Marinello | DIRECTOR | $223K | $223K | 2016–2020 | 3x |
| Eric J Draut | DIRECTOR | $222K | $222K | 2016–2020 | 3x |
| Mark A Jeske | DIRECTOR | $205K | $205K | 2016–2020 | 2.7x |
| Alice M Richter | DIRECTOR | $205K | $0 | 2016–2020 | 2.7x |
| Kenneth A Carow | DIRECTOR | $204K | $204K | 2016–2020 | 2.7x |
| Nikki Pechet | DIRECTOR | $204K | $204K | 2018–2020 | 2.7x |
| Frederick M Kuhlmann | DIRECTOR | $201K | $0 | 2016–2019 | 2.7x |
| Cornell N Boggs | DIRECTOR | $199K | $199K | 2016–2019 | 2.6x |
| Frederick George Kraegel | DIRECTOR | $191K | $191K | 2016–2017 | 2.5x |
| James H Scott | DIRECTOR | $187K | $0 | 2016–2017 | 2.5x |
| Allan Spies | DIRECTOR (FORMER) | $179K | $23K | 2016–2022 | 2.4x |
| Pam Moret | SVP (FORMER) | $165K | $165K | 2017–2017 | 2.2x |
| Pamela J Moret | SVP (FORMER) | $155K | $155K | 2016–2016 | 2.1x |
| Jennifer Martin | SVP, HUMAN RESOURCES (FORMER) | $152K | $152K | 2016–2016 | 2x |
| Anna Bearrood Widman | DAUGHTER OF FORMER OFFICER | $151K | $151K | 2023–2023 | 2x |
| David Carow | BROTHER OF DIRECTOR | $143K | $143K | 2023–2023 | 1.9x |
| Randy Boushek | EVP, CFO (FORMER) | $130K | $130K | 2023–2023 | 1.7x |
| Brad Hewitt | CEO (FORMER) | $130K | $130K | 2023–2024 | 1.7x |
| Teresa Bearrood | SPOUSE OF FORMER OFFICER | $49K | $49K | 2023–2023 | 0.7x |
| Frederick Kraegel | DIRECTOR (FORMER) | $44K | $26K | 2021–2024 | 0.6x |
| Richard C Lundell | DIRECTOR (FORMER) | $43K | $43K | 2016–2017 | 0.6x |
| Addie J Butler | DIRECTOR (FORMER) | $39K | $39K | 2016–2017 | 0.5x |
| Paul Middeke | DIRECTOR (FORMER) | $37K | $19K | 2016–2017 | 0.5x |
| Adrian Tocklin | DIRECTOR (FORMER) | $34K | $22K | 2016–2021 | 0.5x |
| Alice Richter | DIRECTOR (FORMER) | $25K | $25K | 2021–2024 | 0.3x |
| Mark Kuhlmann | DIRECTOR (FORMER) | $24K | $24K | 2020–2023 | 0.3x |
| Mark Kuhlman | DIRECTOR (FORMER) | $24K | $24K | 2022–2022 | 0.3x |
| James Scott | DIRECTOR (FORMER) | $22K | $22K | 2018–2021 | 0.3x |
| Dr Kurt Senske | CHAIRMAN (FORMER) | $19K | $19K | 2017–2017 | 0.3x |
| Dr Albert Siu | DIRECTOR (FORMER) | $18K | $18K | 2016–2016 | 0.2x |
| Dr Kurt M Senske | CHAIRMAN (FORMER) | $18K | $18K | 2016–2016 | 0.2x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 39 | $984K | $5.2M | $36.4M |
| 2017 | 40 | $1.0M | $5.6M | $39.4M |
| 2018 | 34 | $1.3M | $6.0M | $41.8M |
| 2019 | 35 | $1.4M | $7.9M | $48.4M |
| 2020 | 37 | $1.3M | $6.8M | $46.2M |
| 2021 | 38 | $1.5M | $10.7M | $55.0M |
| 2022 | 32 | $1.8M | $14.5M | $57.8M |
| 2023 | 30 | $2.1M | $17.5M | $60.0M |
| 2024 | 26 | $2.9M | $23.3M | $69.3M |
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