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Industry · Form 5500 business code 522220
Sales Financing: 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.
For plan year 2024, 25 retirement plans in sales financing with 100 or more participants filed Form 5500: 22 defined contribution and 3 defined benefit. They reported 18,716 participant records and $1.44B in net assets, counting every plan on the form.
The median defined contribution plan held $61,214 per participant, above the national median of $53,031, and its employer put in $2,408 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $83.24 per participant against $123 nationally.
Employers contributed $29.5M and participants $61.5M during the year, and the plans paid out $113M in benefits.
In 2009 the same group numbered 20 plans with $960M; by 2024 it was 25 plans (up 25%) and $1.44B (up 50%). 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 | $61,214 | $53,031 | $67,559 | $86,234 |
| Employer contributions per active participant | $2,408 | $2,174 | — | $10,244 |
| Schedule C compensation per participant | $83.24 | $123 | $162 | $344 |
| Schedule C compensation, share of net assets | 0.20% | 0.26% | 0.24% | 0.42% |
| Administrative expenses per participant | $58.11 | $116 | $242 | $527 |
Medians across plans with 100 or more participants (19 DC and 3 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 | $40,887 | $61,214 | $70,515 | 19 |
| Employer contributions per active participant | $1,777 | $2,408 | $3,497 | 20 |
| Schedule C compensation per participant | $57.62 | $83.24 | $157 | 18 |
| Administrative expenses per participant | $27.18 | $58.11 | $194 | 19 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2024 | 25 | 18,716 | $1.44B | $29.5M | $61.5M | $61,214 | $83.24 |
| 2023 | 24 | 18,357 | $1.34B | $27.0M | $59.7M | $48,340 | $90.51 |
| 2022 | 27 | 19,111 | $1.21B | $30.1M | $62.2M | $31,706 | $119 |
| 2021 | 28 | 19,904 | $1.44B | $24.5M | $49.3M | $34,459 | $88.89 |
| 2020 | 30 | 18,823 | $1.37B | $20.7M | $42.8M | $23,036 | $76.12 |
| 2019 | 35 | 19,969 | $1.28B | $30.6M | $38.2M | $21,640 | $37.78 |
| 2018 | 34 | 17,675 | $1.01B | $18.5M | $29.4M | $26,663 | $44.96 |
| 2017 | 32 | 16,629 | $1.07B | $14.0M | $24.9M | $25,711 | $42.49 |
| 2016 | 29 | 15,810 | $955M | $11.3M | $21.0M | $22,689 | $54.29 |
| 2015 | 25 | 14,327 | $911M | $9.4M | $17.4M | $22,675 | $55.75 |
| 2014 | 22 | 16,008 | $1.05B | $48.5M | $15.9M | $21,873 | $26.30 |
| 2013 | 23 | 18,767 | $953M | $6.6M | $13.8M | $21,229 | $27.50 |
| 2012 | 23 | 18,641 | $890M | $8.4M | $14.5M | $15,219 | $41.24 |
| 2011 | 22 | 22,083 | $1.01B | $7.7M | $16.4M | $16,648 | $29.46 |
| 2010 | 20 | 21,546 | $1.03B | $6.1M | $15.3M | $17,795 | $46.40 |
| 2009 | 20 | 22,919 | $960M | $7.4M | $17.4M | $13,995 | $66.56 |
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 26 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 26 largest by participants of 26 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Legacy Chrysler Financial Employee Pension Plan | TD Bank US Holding Company | ME | DB | 4,283 | $509M | $118,854 | — | $139 |
| Exeter Finance LLC 401(k) Profit Sharing Plan | Exeter Finance LLC | TX | DC | 2,142 | $112M | $52,284 | $2,717 | $64.55 |
| Orix Corporation USA Savings and Investment Plan | Orix Corporation USA | TX | DC | 1,695 | $315M | $185,980 | $7,013 | — |
| Bankers Healthcare Group, LLC Employees' 401(k) Retirement Plan | Bankers Healthcare Group, LLC | NY | DC | 1,564 | $91.4M | $58,467 | $2,642 | $72.88 |
| Tinker Federal Credit Union & Affiliated Companies Profit Sharing & Savings Plan | Tinker Federal Credit Union | OK | DC | 1,411 | $89.8M | $63,625 | $2,111 | $93.60 |
| Consumer Portfolio Services, Inc. 401(k) Plan | Consumer Portfolio Services, Inc. | CA | DC | 1,190 | $78.7M | $66,141 | $1,772 | $160 |
| Tinker Federal Credit Union Target Benefit Plan | Tinker Federal Credit Union | OK | DC | 859 | $16.2M | $18,870 | $2,575 | $47.50 |
| Venuplus Inc. 401(k) Plan | Venuplus Inc. | FL | DC | 701 | $10.6M | $15,165 | $647 | $66.56 |
| Orix Financial Services, Inc. Retirement Plan | Orix Corporation USA | TX | DB | 547 | $37.0M | $67,559 | — | $162 |
| BSC 401(k) Plan | Banking Services Corporation | MD | DC | 444 | $3.5M | $7,855 | $78 | $57.46 |
| Apex Capital Corp. 401(k) Plan | Apex Capital Corp. | TX | DC | 436 | $38.2M | $87,575 | $4,059 | $146 |
| MFN Financial Corporation Pension Plan | Consumer Portfolio Services, Inc. | CA | DB | 397 | $21.8M | $54,861 | — | $207 |
| 24 Carrots Employee Stock Ownership Plan | 24 Carrots Holding Company, Inc. | CA | DC | 368 | −$13.0M | — | $2,745 | — |
| Commercial Credit Group Inc. 401(k) Plan | Commercial Credit Group Inc. | NC | DC | 329 | $42.3M | $128,604 | $2,106 | $4.01 |
| Ecapital Enterprises Corp. 401(k) Plan | Ecapital Enterprises Corp. | FL | DC | 323 | $17.8M | $55,257 | $5,626 | $280 |
| Lobel Financial 401(k) Plan | Lobel Financial | CA | DC | 298 | $22.4M | $75,232 | $1,953 | $27.16 |
| Preferred Credit, Inc. Retirement Savings Plan | Preferred Credit, Inc. | MN | DC | 286 | $21.8M | $76,179 | $3,486 | $160 |
| Interblock USA LC 401(k) Plan | Interblock USA LC | NV | DC | 244 | $4.2M | $17,038 | $1,724 | $31.66 |
| Social Finance, Inc. 403(b) Plan | Social Finance, Inc. | MA | DC | 172 | $12.3M | $71,262 | $3,529 | $58.11 |
| Sunlight Financial Holdings, Inc. 401(k) Retirement Plan | Sunlight Financial Holdings, LLC | NC | DC | 162 | $7.8M | $48,220 | $3,749 | $289 |
| Rollease Acmeda, Inc. 401(k) Profit Sharing Plan & Trust | Rollease Acmeda, Inc. | CT | DC | 162 | $12.3M | $75,780 | $3,133 | $129 |
| Radian Generation LLC 401(k) Plan | Radian Generation LLC | NC | DC | 159 | — | — | — | — |
| Alliance Funding Group, Inc. 401(k) Plan | Alliance Funding Group, Inc. | CA | DC | 158 | $10.6M | $67,054 | $0 | $311 |
| Automotive Credit-Michael Andrews & Associates 401(k) Plan | Automotive Credit Corporation | MI | DC | 143 | $10.6M | $73,911 | — | $342 |
| Pronto 401(k) Plan | Pronto Finance, Inc. | IL | DC | 127 | $5.0M | $39,245 | $1,890 | $381 |
| Challenge Financial Services, Inc. 401(k) Profit Sharing Plan | Challenge Financial Services, Inc. | CA | DC | 112 | — | — | — | — |
By plan size
By state
Questions and answers
How many retirement plans are there in sales financing?
25 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 45 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 sales financing?
The median defined contribution plan reported $61,214 in net assets per participant (middle half of plans: $40,887 to $70,515); 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 sales financing?
The median defined contribution plan received $2,408 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 sales financing?
Among defined contribution plans that report any Schedule C compensation, the median was $83.24 per participant and 0.20% 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.