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Industry · Form 5500 business code 524290
Other Insurance Related Activities (including third-party administration of Insurance and pension funds): 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.
338 retirement plans in other insurance related activities (including third-party administration of insurance and pension funds) with 100 or more participants filed Form 5500 for plan year 2024 (301 defined contribution, 37 defined benefit). All Form 5500 pension filers in the group reported 1,511,901 participant records and $132.3B in net assets.
The median defined contribution plan held $69,611 per participant, well above the national median of $53,031, and its employer put in $2,853 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $123 per participant against $123 nationally.
Employers contributed $2.97B and participants $4.45B during the year, and the plans paid out $11.5B in benefits.
In 2009 the same group numbered 381 plans with $52.8B; by 2024 it was 338 plans (down 11%) and $132.3B (up 151%). 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 | $69,611 | $53,031 | $108,172 | $86,234 |
| Employer contributions per active participant | $2,853 | $2,174 | $5,758 | $10,244 |
| Schedule C compensation per participant | $123 | $123 | $302 | $344 |
| Schedule C compensation, share of net assets | 0.19% | 0.26% | 0.26% | 0.42% |
| Administrative expenses per participant | $124 | $116 | $347 | $527 |
Medians across plans with 100 or more participants (285 DC and 36 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 | $40,040 | $69,611 | $123,660 | 285 |
| Employer contributions per active participant | $1,706 | $2,853 | $5,670 | 279 |
| Schedule C compensation per participant | $56.16 | $123 | $224 | 268 |
| Administrative expenses per participant | $44.85 | $124 | $209 | 277 |
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 | 38 | 152,872 | $20.3B | $447M | $828M | $91,781 | $137 |
| 2024 | 338 | 1,511,901 | $132.3B | $2.97B | $4.45B | $69,611 | $123 |
| 2023 | 345 | 1,507,949 | $124.4B | $2.78B | $4.07B | $62,569 | $119 |
| 2022 | 358 | 1,434,118 | $110.1B | $2.58B | $3.67B | $51,788 | $111 |
| 2021 | 345 | 1,419,619 | $129.8B | $2.44B | $3.38B | $66,228 | $122 |
| 2020 | 355 | 1,354,607 | $119.1B | $2.66B | $3.00B | $58,420 | $112 |
| 2019 | 347 | 1,369,444 | $105.2B | $2.60B | $2.61B | $51,346 | $98.02 |
| 2018 | 355 | 1,346,992 | $88.8B | $2.36B | $2.49B | $43,112 | $85.57 |
| 2017 | 349 | 1,352,684 | $92.7B | $2.79B | $2.26B | $46,475 | $74.28 |
| 2016 | 341 | 1,492,760 | $97.6B | $3.58B | $2.41B | $40,439 | $67.38 |
| 2015 | 345 | 1,489,988 | $89.5B | $3.44B | $2.18B | $38,759 | $48.10 |
| 2014 | 355 | 1,416,353 | $89.6B | $2.81B | $2.01B | $39,029 | $47.12 |
| 2013 | 348 | 1,401,508 | $84.5B | $2.97B | $1.87B | $36,994 | $41.12 |
| 2012 | 342 | 1,394,144 | $74.4B | $3.36B | $1.74B | $33,864 | $37.75 |
| 2011 | 347 | 1,391,424 | $66.6B | $3.47B | $1.59B | $31,885 | $27.89 |
| 2010 | 349 | 1,388,883 | $62.4B | $2.77B | $1.51B | $32,624 | $29.04 |
| 2009 | 381 | 1,430,211 | $52.8B | $2.47B | $1.47B | $26,447 | $22.74 |
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 339 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 339 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Legacy Plan of the National Retirement Fund | BD of Trustees-Legacy Plan of the National Retirement Fund | NY | DB | 184,550 | $1.83B | $9,920 | $5,771 | $107 |
| The Cigna Group 401(k) Plan | The Cigna Group | PA | DC | 91,385 | $14.1B | $154,730 | $4,486 | $25.13 |
| Aon Pooled Employer Plan | Aon Consulting, Inc. | IL | DC | 87,813 | $3.14B | $35,743 | $1,707 | $85.96 |
| The Legacy Plan of the Unite Here Retirement Fund | Board of Trustees - Legacy Plan of the Unite Here Retirement Fund | NY | DB | 87,313 | $601M | $6,887 | $5,745 | $96.84 |
| The Progressive 401(k) Plan | The Progressive Corporation & Its Participating Subsidiaries | OH | DC | 77,919 | $12.4B | $159,058 | $3,642 | $17.50 |
| The Adjustable Plan of the Unite Here Retirement | Board of Trustees - Adjustable Plan of the Unite Here Retirement Fund | NY | DB | 72,394 | $449M | $6,207 | $1,468 | $57.39 |
| Centene Management Corporation Retirement Plan | Centene Corporation | MO | DC | 67,132 | $4.72B | $70,260 | $2,041 | $35.78 |
| USAA Retirement Savings Plan | United Services Automobile Association | TX | DC | 53,564 | $10.9B | $203,611 | $8,493 | $11.76 |
| Cigna Pension Plan | Cigna Holding Company | PA | DB | 51,700 | $3.84B | $74,319 | — | $166 |
| USAA Pension Plan | United Services Automobile Association | TX | DB | 49,301 | $4.28B | $86,844 | — | $131 |
| Adjustable Plan of the National Retirement Fund | BD of Trustees-Adjustable Plan of the National Retirement Fund | NY | DB | 45,017 | $161M | $3,583 | $519 | $75.81 |
| Sedgwick 401(k) Savings Plan | Sedgwick Claims Management Services, Inc. | TN | DC | 32,276 | $2.19B | $67,823 | $1,759 | $41.32 |
| Deseret Mutual Master Retirement Plan | Deseret Mutual Benefit Administrators | UT | DB | 32,235 | $6.96B | $215,940 | — | $302 |
| The Hartford Investment and Savings Plan | Hartford Fire Insurance Company | CT | DC | 31,062 | $7.18B | $231,215 | $8,812 | $239 |
| Farmers Group, Inc. 401(k) Savings Plan | Farmers Group, Inc. | CA | DC | 28,962 | $4.89B | $168,943 | $8,235 | $205 |
| Aon Savings Plan | Aon Corporation | GA | DC | 24,731 | $6.59B | $266,398 | $8,152 | $64.75 |
| Chubb US 401(k) Plan | Chubb Ina Holdings Inc. (Formerly Ace Ina Holdings Inc.) | PA | DC | 22,078 | $4.95B | $224,269 | $10,106 | $70.73 |
| Voya Retirement Plan | Voya Services Company | GA | DB | 22,076 | $1.77B | $80,352 | — | $150 |
| The Hartford Retirement Plan for U.S. Employees | The Hartford Financial Services Group, Inc. | CT | DB | 20,823 | $3.39B | $163,021 | $0 | $86.30 |
| Zurich American Insurance Company Retirement Account Plan | Zurich American Insurance Company | IL | DB | 18,921 | $1.20B | $63,657 | — | $238 |
| The Retirement Plan of the Amalgamated Insurance Fund | Board of Trustees - the Retirement Plan of the Amalgamated Ins. Fund | NY | DB | 18,793 | −$852M | — | — | $72.53 |
| Centerwell Home Health 401(k) Savings Plan | Humana Inc. | KY | DC | 14,979 | $366M | $24,462 | $1,038 | $8.66 |
| Ori 401(k) Savings and Profit Sharing Plan | Old Republic International Corp. | IL | DC | 14,343 | $2.06B | $143,671 | $4,523 | $4.34 |
| Empower Retirement, LLC 401(k) Savings Plan | Empower Retirement, LLC | CO | DC | 13,935 | $2.23B | $160,329 | $8,494 | $0.23 |
| Aon Retirement Pension Plan | Aon Corporation | GA | DB | 13,598 | $1.44B | $105,696 | $12,388 | $132 |
| Voya 401(k) Savings Plan | Voya Services Company | GA | DC | 13,552 | $3.06B | $225,829 | $7,088 | $10.73 |
| My 401(k) Plan | Group Plan Systems, LLC | OH | DC | 12,833 | $103M | $8,011 | $196 | $33.35 |
| Amerihealth Caritas 401(k) Plan | Amerihealth Caritas Services, LLC | PA | DC | 11,296 | $948M | $83,883 | $5,557 | $110 |
| Asurion, LLC 401(k) Plan | Asurion LLC | TN | DC | 11,143 | $733M | $65,811 | $2,787 | $95.75 |
| Humana Partnership Savings Plan | Humana Inc. | KY | DC | 10,118 | $318M | $31,416 | $1,686 | $20.71 |
| Iso 401(k) Savings and Employee Stock Ownership Plan | Insurance Services Office, Inc. | NJ | DC | 8,224 | $2.27B | $276,000 | $7,434 | $61.34 |
| The Nacc 401(k) Pooled Employer Plan | Group Plan Systems, LLC | OH | DC | 7,942 | $10.3M | $1,303 | $287 | $6.84 |
| Erie Insurance Group Employee Savings Plan | Erie Indemnity Company | PA | DC | 7,861 | $1.35B | $172,038 | $3,083 | $38.87 |
| Healthfirst Profit Sharing 401(k) Plan | HF Management Services, LLC | NY | DC | 7,799 | $849M | $108,834 | $4,801 | $118 |
| Stewart 401(k) Savings Plan | Stewart Title Guaranty Company | TX | DC | 7,615 | $648M | $85,056 | $2,147 | $38.82 |
| Corvel Incentive Savings Plan | Corvel Healthcare Corporation | OR | DC | 6,257 | $276M | $44,104 | $285 | $13.56 |
| Crawford & Company Savings & Investment Plan | Crawford & Company | GA | DC | 5,870 | $593M | $100,937 | $2,202 | $78.69 |
| Caresource Management Services 401(k) Retirement Plan | Caresource Management Services LLC | OH | DC | 5,727 | $511M | $89,238 | $5,994 | $52.94 |
| Ryan Specialty 401(k) Savings Plan | Ryan Specialty, LLC | IL | DC | 5,676 | $636M | $111,971 | $5,142 | $27.61 |
| Csaa Insurance Group 401(k) Plan | Csaa Insurance Services, Inc. | CA | DC | 5,287 | $872M | $164,982 | $9,599 | $61.27 |
By plan size
By state
Questions and answers
How many retirement plans are there in other insurance related activities (including third-party administration of insurance and pension funds)?
338 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 486 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 other insurance related activities (including third-party administration of insurance and pension funds)?
The median defined contribution plan reported $69,611 in net assets per participant (middle half of plans: $40,040 to $123,660); 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 other insurance related activities (including third-party administration of insurance and pension funds)?
The median defined contribution plan received $2,853 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 other insurance related activities (including third-party administration of insurance and pension funds)?
Among defined contribution plans that report any Schedule C compensation, the median was $123 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.