The Nittany Lions fell to 0-4 in Big Ten play following their most lopsided loss of the 2018-19 season.
Talvitie and the Finns beat Barratt and the Americans 3-2 in Saturday night's gold medal game.
The Nittany Lions' New Year's resolution of going undefeated lasted only one game as they lost to the Golden Gophers in their second game in Minnesota.
Biro became the second Penn State player to land the No. 1 spot on SportsCenter's top 10 plays this season.
Brandon Biro, Kevin Kerr, Denis Smirnov, and Alex Limoges scored for the Nittany Lions as they took down Minnesota at Mariucci for just the third time.
Talvitie scored twice as Finland beat Switzerland 6-1 in its semifinal on Friday, while Barratt and Team USA advanced to the gold medal game with a 2-1 victory over Russia.