Industry · Form 5500 business code 446110
Pharmacies & Drug Stores: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
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. The business code is chosen by the filer from the list in the Form 5500 instructions.
121 retirement plans in pharmacies & drug stores with 100 or more participants filed Form 5500 for plan year 2024 (116 defined contribution, 5 defined benefit). All Form 5500 pension filers in the group reported 796,645 participant records and $52.7B in net assets.
The median defined contribution plan held $42,487 per participant, below the national median of $53,031, and its employer put in $1,513 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $140 per participant against $123 nationally.
Employers contributed $928M and participants $1.88B during the year, and the plans paid out $5.16B in benefits.
In 2009 the same group numbered 113 plans with $13.2B; by 2024 it was 121 plans (up 7%) and $52.7B (up 299%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $42,487 | $53,031 | $24,052 | $86,234 |
| Employer contributions per active participant | $1,513 | $2,174 | $1,175 | $10,244 |
| Schedule C compensation per participant | $140 | $123 | $90.65 | $344 |
| Schedule C compensation, share of net assets | 0.32% | 0.26% | 0.73% | 0.42% |
| Administrative expenses per participant | $127 | $116 | $312 | $527 |
Medians across plans with 100 or more participants (108 DC and 5 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $27,884 | $42,487 | $59,571 | 108 |
| Employer contributions per active participant | $899 | $1,513 | $2,175 | 103 |
| Schedule C compensation per participant | $60.53 | $140 | $215 | 98 |
| Administrative expenses per participant | $58.72 | $127 | $195 | 101 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 20 | 17,098 | $566M | $18.3M | $51.4M | $36,372 | $92.42 |
| 2024 | 121 | 796,645 | $52.7B | $928M | $1.88B | $42,487 | $140 |
| 2023 | 127 | 748,975 | $49.0B | $945M | $1.90B | $37,551 | $119 |
| 2022 | 142 | 775,666 | $43.1B | $922M | $1.83B | $33,903 | $126 |
| 2021 | 139 | 778,412 | $51.6B | $922M | $1.77B | $36,523 | $114 |
| 2020 | 138 | 800,339 | $45.4B | $885M | $1.60B | $32,970 | $84.78 |
| 2019 | 129 | 650,840 | $31.2B | $676M | $1.24B | $28,098 | $77.39 |
| 2018 | 131 | 629,802 | $26.4B | $657M | $1.20B | $26,051 | $75.20 |
| 2017 | 134 | 633,182 | $28.4B | $697M | $1.17B | $27,383 | $79.01 |
| 2016 | 126 | 648,981 | $25.4B | $632M | $1.11B | $24,500 | $67.41 |
| 2015 | 129 | 646,750 | $23.3B | $610M | $1.06B | $24,332 | $50.38 |
| 2014 | 130 | 607,198 | $23.2B | $604M | $1.02B | $25,378 | $44.80 |
| 2013 | 115 | 593,202 | $21.7B | $671M | $974M | $22,501 | $36.15 |
| 2012 | 113 | 569,603 | $18.0B | $535M | $820M | $18,972 | $33.72 |
| 2011 | 112 | 565,651 | $15.3B | $660M | $801M | $17,062 | $29.91 |
| 2010 | 110 | 482,078 | $15.2B | $614M | $772M | $17,912 | $48.60 |
| 2009 | 113 | 483,191 | $13.2B | $617M | $748M | $14,126 | $30.59 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 121 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 121 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| CVS Health Future Fund 401(k) Plan | CVS Health Corporation | RI | DC | 385,927 | $30.1B | $77,896 | $1,778 | $114 |
| Walgreens Retirement Savings Plan | Walgreen Co. | IL | DC | 254,452 | $14.5B | $57,126 | $1,067 | $15.50 |
| The Rite Aid 401(k) Plan | Rite Aid Corporation | PA | DC | 30,990 | $3.21B | $103,445 | $1,828 | $52.36 |
| Southern California United Food and Commercial Workers Unions and Drug Employers Pension Fund | Board of Trustees, Southern California United Food | CA | DB | 26,295 | $926M | $35,223 | $1,854 | $90.28 |
| The Rite Aid Pension Plan | Rite Aid Corporation | PA | DB | 5,976 | $117M | $19,650 | — | $178 |
| Rite Aid Corporation 401(k) for Collectively Bargained Associates | Rite Aid Corporation | PA | DC | 5,903 | $68.8M | $11,651 | $65 | $26.64 |
| Union Mutual Fund Pension Plan | Board of Trustees of Union Mutual Fund Pension Plan | NY | DB | 5,177 | $64.3M | $12,423 | $495 | $90.65 |
| Discount Drug Mart, Inc. 401(k) Profit Sharing Plan | Discount Drug Mart, Inc. | OH | DC | 4,991 | $169M | $33,950 | $534 | $33.94 |
| KPH Healthcare Services, Inc. Employee Stock Ownership and 401(k) Plan | KPH Healthcare Services, Inc. | NY | DC | 4,775 | $710M | $148,781 | $2,554 | $91.34 |
| Walgreens Puerto Rico Retirement Savings Plan | Walgreen Co. | IL | DC | 4,678 | $166M | $35,393 | $1,113 | $38.85 |
| Guardian Pharmacy Services Management, LLC 401(k) Plan | Guardian Pharmacy Services Management, LLC | GA | DC | 3,883 | $195M | $50,284 | $1,706 | $57.36 |
| Shields Health Solutions 401(k) Profit Sharing Plan | Shields Health Solutions Holdings, LLC | MA | DC | 3,488 | $124M | $35,478 | $2,178 | $47.24 |
| Carepathrx 401(k) Plan | Carepathrx Midco Inc. | OH | DC | 3,316 | $133M | $40,022 | $1,442 | $66.98 |
| Bi-Mart Corporation Employee Stock Ownership Plan | Bi-Mart Corporation | OR | DC | 3,262 | $141M | $43,282 | — | — |
| Umass Memorial Shields Pharmacy, LLC 401(k) Profit Sharing Plan | Umass Memorial Shields Pharmacy LLC | MA | DC | 2,836 | $87.8M | $30,960 | $2,163 | $77.07 |
| Capsule 401(k) Plan | Capsule Corp. | NY | DC | 2,812 | $18.0M | $6,402 | — | $21.88 |
| Discount Drug Mart, Inc. Employee Stock Ownership Plan | Discount Drug Mart, Inc. | OH | DC | 2,637 | $6.6M | $2,498 | $933 | — |
| Thrifty Drug Stores Inc. Profit Sharing Plan | Thrifty Drug Stores Inc. | MN | DC | 1,733 | $80.3M | $46,358 | $0 | $34.93 |
| Maxor National Pharmacy Services Company 401(k) Plan | Maxor National Pharmacy Services Company | TX | DC | 1,441 | $117M | $80,988 | $3,053 | $156 |
| Polaris Pharmacy Services, LLC 401(k) Plan | Polaris Pharmacy Services, LLC | FL | DC | 1,434 | $15.8M | $11,015 | $0 | $97.74 |
| Thrifty Drug Stores Inc. Employee Stock Ownership Plan | Thrifty Drug Stores Inc. | MN | DC | 1,375 | $96.2M | $69,955 | $4,927 | — |
| Care Solutions 401(k) Plan | Care One Management, LLC | NJ | DC | 1,345 | $39.4M | $29,261 | $396 | $86.24 |
| Lewis Drugs, Inc. 401(k) Plan | Lewis Drugs, Inc. | SD | DC | 1,324 | $56.1M | $42,351 | $625 | $130 |
| North Coast Medical Supply 401(k) Retirement Plan | North Coast Medical Supply, LLC | CA | DC | 1,268 | $32.2M | $25,393 | $1,970 | $93.09 |
| Cipla USA 401(k) Plan | Cipla USA | NJ | DC | 1,067 | $55.8M | $52,281 | $3,406 | $38.07 |
| Ais 401(k) Plan | Bond Pharmacy, Inc. | MS | DC | 997 | $33.1M | $33,211 | $2,624 | $210 |
| Marc Glassman, Inc. 401(k) Plan | Marc Glassman, Inc. | OH | DC | 947 | $34.4M | $36,372 | $312 | $92.42 |
| Thrifty Payless, Inc. 401(k) Retirement Savings Plan for Collective Bargaining Pharmacists | Thrifty Payless Inc. | PA | DC | 944 | $267M | $282,757 | $632 | $189 |
| Alto Pharmacy 401(k) Plan | Alto Pharmacy LLC | CA | DC | 902 | $23.7M | $26,238 | $63 | $0.08 |
| Diamond Drugs, Inc. 401(k) Plan | Diamond Drugs, Inc. | PA | DC | 892 | $47.4M | $53,175 | $829 | $128 |
| Storeworkers Retirement Plan | Local 1102 Storeworkers Retirement Plan | NY | DB | 815 | $22.6M | $27,737 | — | $292 |
| Alivia Health Investment & Retirement Plan | Alivia Health Management, LLC | PR | DC | 806 | $4.2M | $5,192 | $690 | $52.31 |
| Williams Bros. Healthcare Pharmacy, Inc. 401(k) Plan | Williams Bros. Healthcare Pharmacy, Inc. | IN | DC | 804 | $21.6M | $26,834 | $1,362 | $148 |
| Welldyne RX 401(k) Retirement Plan | Welldyne RX LLC. | FL | DC | 790 | $32.7M | $41,351 | $2,099 | $77.71 |
| Truepill 401(k) Plan | Truepill, Inc. | CA | DC | 781 | $6.8M | $8,660 | $11 | $14.83 |
| Pentech Holdings Retirement Savings Plan | Pentech Holdings Inc. | PA | DC | 760 | $44.4M | $58,463 | $2,478 | $162 |
| Avita 401(k) Profit Sharing Plan | Avita Drugs, LLC | LA | DC | 731 | $41.6M | $56,950 | $3,139 | $182 |
| Onerorx, Inc. 401(k) Plan | Onerorx, Inc. | IA | DC | 727 | $18.4M | $25,321 | $712 | $174 |
| Tarrytown Expocare 401(k) Plan | Tarrytown Expocare LLC | TX | DC | 687 | $15.0M | $21,846 | $1,009 | $132 |
| Nucara Management Group, Inc. 401(k) Plan | Nucara Management Group, Inc. | IA | DC | 608 | $22.4M | $36,823 | $1,357 | $49.60 |
By plan size
By state
Questions and answers
How many retirement plans are there in pharmacies & drug stores?
121 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 262 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in pharmacies & drug stores?
The median defined contribution plan reported $42,487 in net assets per participant (middle half of plans: $27,884 to $59,571); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in pharmacies & drug stores?
The median defined contribution plan received $1,513 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in pharmacies & drug stores?
Among defined contribution plans that report any Schedule C compensation, the median was $140 per participant and 0.32% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.