Industry sector · Form 5500 business code 51xxxx
Information: retirement plans
Plans whose sponsor entered a business code in this sector 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.
2,055 retirement plans in information with 100 or more participants filed Form 5500 for plan year 2024 (1,906 defined contribution, 149 defined benefit). All Form 5500 pension filers in the group reported 4,856,163 participant records and $637.1B in net assets.
The median defined contribution plan held $67,571 per participant, well above the national median of $53,031, and its employer put in $2,930 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $121 per participant against $123 nationally.
Employers contributed $13.9B and participants $26.2B during the year, and the plans paid out $59.0B in benefits.
In 2009 the same group numbered 1,999 plans with $286.7B; by 2024 it was 2,055 plans (up 3%) and $637.1B (up 122%). 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 | $67,571 | $53,031 | $76,492 | $86,234 |
| Employer contributions per active participant | $2,930 | $2,174 | $7,059 | $10,244 |
| Schedule C compensation per participant | $121 | $123 | $361 | $344 |
| Schedule C compensation, share of net assets | 0.19% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $116 | $116 | $670 | $527 |
Medians across plans with 100 or more participants (1,844 DC and 148 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 | $42,326 | $67,571 | $108,433 | 1,844 |
| Employer contributions per active participant | $1,399 | $2,930 | $4,694 | 1,705 |
| Schedule C compensation per participant | $55.10 | $121 | $226 | 1,730 |
| Administrative expenses per participant | $47.11 | $116 | $225 | 1,772 |
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 | 322 | 793,847 | $187.4B | $3.45B | $8.61B | $83,741 | $140 |
| 2024 | 2,055 | 4,856,163 | $637.1B | $13.9B | $26.2B | $67,571 | $121 |
| 2023 | 2,081 | 5,103,291 | $580.1B | $13.1B | $25.1B | $58,153 | $106 |
| 2022 | 2,123 | 5,167,771 | $504.2B | $12.8B | $23.7B | $46,126 | $95.77 |
| 2021 | 2,031 | 5,128,545 | $630.7B | $11.0B | $21.2B | $58,769 | $102 |
| 2020 | 1,999 | 5,107,628 | $578.3B | $11.3B | $19.1B | $53,733 | $92.83 |
| 2019 | 1,966 | 5,302,243 | $517.3B | $10.2B | $17.3B | $47,360 | $82.00 |
| 2018 | 1,932 | 5,315,436 | $437.9B | $12.9B | $15.6B | $40,715 | $75.48 |
| 2017 | 1,944 | 5,242,882 | $460.8B | $12.2B | $14.1B | $44,388 | $65.72 |
| 2016 | 1,951 | 5,263,446 | $403.9B | $15.6B | $12.6B | $38,005 | $52.00 |
| 2015 | 1,926 | 5,282,395 | $383.1B | $10.4B | $12.1B | $36,271 | $42.24 |
| 2014 | 1,881 | 5,126,284 | $381.7B | $8.96B | $10.8B | $38,715 | $34.33 |
| 2013 | 1,862 | 5,159,633 | $368.5B | $18.8B | $10.0B | $38,063 | $27.20 |
| 2012 | 1,895 | 5,410,672 | $334.3B | $10.4B | $9.61B | $32,806 | $26.72 |
| 2011 | 1,885 | 5,470,772 | $309.7B | $12.7B | $9.06B | $28,913 | $26.24 |
| 2010 | 1,900 | 5,463,353 | $306.4B | $8.21B | $8.37B | $29,726 | $24.97 |
| 2009 | 1,999 | 5,683,058 | $286.7B | $7.37B | $8.32B | $25,956 | $23.67 |
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 2,055 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 50 largest by participants of 2,055 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| AT&T Pension Benefit Plan | AT&T Inc. | TX | DB | 274,710 | $28.3B | $102,894 | $4,298 | — |
| AT&T Retirement Savings Plan | AT&T Inc. | TX | DC | 192,505 | $43.1B | $223,973 | $5,106 | $92.27 |
| Microsoft Corporation Savings Plus 401(k) Plan | Microsoft Corporation | WA | DC | 184,329 | $77.8B | $422,145 | $10,211 | $224 |
| Google LLC 401(k) Savings Plan | Google LLC | CA | DC | 155,598 | $48.7B | $313,231 | $10,615 | $19.30 |
| Comcast Corporation Retirement - Investment Plan | Comcast Corporation | PA | DC | 124,285 | $19.7B | $158,410 | $6,794 | $71.30 |
| Charter Communications, Inc. 401(k) Savings Plan | Charter Communications, Inc. | NC | DC | 120,688 | $8.95B | $74,141 | $3,572 | — |
| Disney Hourly Savings and Investment Plan | TWDC Enterprises 18 Corp. | CA | DC | 117,208 | $1.55B | $13,254 | $456 | $3.42 |
| Verizon Savings Plan for Management Employees | Verizon Communications Inc. | NJ | DC | 112,629 | $31.3B | $278,075 | $8,226 | $57.63 |
| Motion Picture Industry Individual Account Plan | Board of Directors, Motion Picture Industry Pension | CA | DC | 108,671 | $6.13B | $56,382 | $4,439 | $218 |
| Charter Communications, Inc. Retirement Accumulation Plan | Charter Communications, Inc. | NC | DC | 105,040 | $1.47B | $14,042 | $1,685 | — |
| Motion Picture Industry Pension Plan | Board of Directors, Motion Picture Industry Pension | CA | DB | 103,919 | $5.86B | $56,437 | $8,630 | $380 |
| T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust | T-Mobile USA, Inc. | WA | DC | 95,644 | $9.05B | $94,640 | $2,425 | $21.42 |
| Meta Platforms, Inc. 401(k) Plan | Meta Platforms, Inc. | CA | DC | 93,515 | $22.4B | $239,517 | $12,384 | $9.85 |
| Disney Savings and Investment Plan | TWDC Enterprises 18 Corp. | CA | DC | 75,373 | $12.7B | $168,843 | $2,159 | $14.65 |
| Screen Actors Guild - Producers Pension Plan | Board of Trustees Screen Actors Guild - Producers | CA | DB | 67,988 | $5.25B | $77,182 | $11,357 | $273 |
| Cox Enterprises, Inc. 401(k) Plan | Cox Enterprises, Inc. | GA | DC | 62,062 | $8.13B | $131,016 | $5,212 | $87.97 |
| Salesforce 401(k) Plan | Salesforce, Inc. | CA | DC | 57,193 | $11.3B | $197,009 | $7,291 | $43.54 |
| Disney Associated Companies' Retirement Plan | TWDC Enterprises 18 Corp. | CA | DB | 53,294 | $1.83B | $34,345 | — | $6.90 |
| Cox Enterprises, Inc. Pension Plan | Cox Enterprises, Inc. | GA | DB | 51,142 | $7.13B | $139,479 | $3,534 | $458 |
| Automatic Data Processing, Inc. Retirement and Savings Plan | Automatic Data Processing, Inc. | NJ | DC | 46,258 | $7.26B | $156,994 | $5,541 | $136 |
| Disney Retirement Savings Plan | TWDC Enterprises 18 Corp. | CA | DC | 44,663 | $1.42B | $31,805 | $5,947 | $2.52 |
| Lumen 401(k) Savings Plan | Lumen Technologies, Inc. | LA | DC | 42,516 | $6.60B | $155,340 | $3,691 | $26.65 |
| Automatic Data Processing Inc. Pension Retirement Plan | Automatic Data Processing, Inc. | NJ | DB | 40,486 | $1.75B | $43,182 | — | $147 |
| Verizon Pension Plan for Associates | Verizon Communications Inc. | NJ | DB | 37,982 | $5.70B | $149,957 | $22,617 | $275 |
| Lumen Combined Pension Plan | Lumen Technologies, Inc. | LA | DB | 35,763 | $4.22B | $117,872 | — | $210 |
| Disney Salaried Pension Plan D | TWDC Enterprises 18 Corp. | CA | DB | 34,883 | $10.4B | $298,735 | — | $38.69 |
| Verizon Management Pension Plan | Verizon Corporate Services Group Inc. | NJ | DB | 34,802 | $1.64B | $47,157 | $8,775 | $138 |
| Time Warner Cable Pension Plan | Charter Communications, Inc. | NC | DB | 34,730 | $2.29B | $65,912 | — | $216 |
| Paramount Global 401(k) Plan (Fka Viacomcbs 401(k) Plan) | Paramount Global | NY | DC | 33,764 | $6.35B | $188,172 | $8,822 | $93.19 |
| Entertainment Industry 401(k) Plan | Board of Trustees, Entertainment Industry 401(k) Plan | CA | DC | 30,812 | $723M | $23,471 | $1,946 | $56.92 |
| Savings Plan for Employees of Ntca and Its Members | National Telecommunications Cooperative Association | VA | DC | 30,106 | $3.36B | $111,491 | $3,259 | $120 |
| Hewlett Packard Enterprise 401(K)PLAN | Hewlett Packard Enterprise | TX | DC | 28,480 | $8.79B | $308,471 | $6,333 | $58.22 |
| AT&T Savings and Security Plan | AT&T Inc. | TX | DC | 27,558 | $2.26B | $82,162 | $914 | $73.88 |
| CBS Combined Pension Plan | Paramount Global | NY | DB | 25,100 | $1.91B | $76,035 | $118,665 | $100 |
| Hearst Retirement Savings Plan | The Hearst Corporation | NC | DC | 24,445 | $3.14B | $128,300 | $5,250 | $1.87 |
| Qualcomm Incorporated Employee Savings and Retirement Plan | Qualcomm Incorporated | CA | DC | 23,062 | $9.66B | $418,671 | $5,541 | $33.69 |
| Frontier Communications Pension Plan | Frontier Communications Corporation | CT | DB | 22,881 | $2.50B | $109,438 | $37 | $497 |
| Nexstar Media Group, Inc. 401(k) Plan | Nexstar Media Group, Inc. | TX | DC | 22,800 | $2.00B | $87,584 | $1,456 | $20.02 |
| Adobe Inc. 401(k) Retirement Savings Plan | Adobe Inc. | CA | DC | 21,317 | $5.03B | $236,125 | $6,065 | $35.49 |
| Dycom Industries, Inc. Retirement Savings Plan | Dycom Industries, Inc. | FL | DC | 20,650 | $468M | $22,646 | $714 | $24.47 |
| Relx Inc. US Salary Investment Plan | Relx Inc. | NY | DC | 20,442 | $4.75B | $232,397 | $6,339 | $98.86 |
| Frontier Communications Pension Plan | Frontier Communications Parent, Inc. | CT | DB | 20,329 | $2.38B | $116,829 | $15,028 | $344 |
| Thomson Reuters 401(k) Savings Plan | Thomson Reuters Holdings Inc. | MN | DC | 20,290 | $4.47B | $220,448 | $5,955 | $123 |
| The 401(k) Savings and Profit Sharing Plan of S&P Global Inc. and Its Subsidiaries | S&P Global, Inc. | NY | DC | 20,240 | $5.74B | $283,791 | $12,071 | $29.30 |
| Gray Media 401(k) Savings Plan | Gray Media, Inc. | GA | DC | 19,489 | $764M | $39,191 | $2,115 | $65.05 |
| Gannett Media Corp. 401(k) Savings Plan | Gannett Media Corp. | NY | DC | 18,766 | $1.57B | $83,852 | $185 | $51.90 |
| Brightspeed Pension Plan | Connect Holding II LLC d/b/a Brightspeed | NC | DB | 18,444 | $1.69B | $91,676 | — | $262 |
| Disney Salaried Pension Plan a | TWDC Enterprises 18 Corp. | CA | DB | 18,186 | $4.20B | $231,183 | — | $37.68 |
| Uber Technologies, Inc. 401(k) Plan | Uber Technologies, Inc. | CA | DC | 17,688 | $1.42B | $80,454 | $7,636 | $18.24 |
| Dish Network Corporation 401(k) Plan | Dish Network Corporation | CO | DC | 17,683 | $1.64B | $92,753 | $2,930 | $63.77 |
By plan size
By state
Business codes in this sector
| Code | Principal business activity | Plans 100+ | Participants | Net assets |
|---|---|---|---|---|
| 511210 | Software Publishers | 455 | 451,692 | $93.1B |
| 517000 | Telecommunications (including paging, cellular, satellite, cable & other program distribution, resellers, other telecommunications, & internet service providers) | 373 | 1,501,474 | $200.7B |
| 519100 | Other Information Services (including news syndicates, libraries, internet publishing & broadcasting) | 300 | 607,143 | $108.8B |
| 518210 | Data Processing, Hosting, & Related Services | 289 | 347,216 | $41.3B |
| 511110 | Newspaper Publishers | 144 | 209,038 | $21.2B |
| 515100 | Radio & Television Broadcasting | 140 | 245,504 | $28.3B |
| 512100 | Motion Picture & Video Industries (except video rental) | 87 | 713,882 | $51.0B |
| 511120 | Periodical Publishers | 75 | 79,735 | $11.2B |
| 511190 | Other Publishers | 68 | 101,955 | $13.8B |
| 511130 | Book Publishers | 55 | 86,627 | $10.1B |
| 515210 | Cable & Other Subscription Programming | 38 | 481,944 | $53.8B |
Codes with 20 or more plans of 100+ participants in plan year 2024. Labels are from the official Form 5500 instructions.
Questions and answers
How many retirement plans are there in information?
2,055 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 2,878 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 information?
The median defined contribution plan reported $67,571 in net assets per participant (middle half of plans: $42,326 to $108,433); 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 information?
The median defined contribution plan received $2,930 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 information?
Among defined contribution plans that report any Schedule C compensation, the median was $121 per participant and 0.19% 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.