Industries › Finance and insurance
Industry · Form 5500 business code 525100
Insurance & Employee Benefit 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.
For plan year 2024, 237 retirement plans in insurance & employee benefit funds with 100 or more participants filed Form 5500: 155 defined contribution and 82 defined benefit. They reported 2,028,113 participant records and $101.9B in net assets, counting every plan on the form.
The median defined contribution plan held $51,519 per participant, close to the national median of $53,031, and its employer put in $3,115 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $133 per participant against $123 nationally.
Employers contributed $4.32B and participants $1.35B during the year, and the plans paid out $6.45B in benefits.
In 2009 the same group numbered 570 plans with $79.2B; by 2024 it was 237 plans (down 58%) and $101.9B (up 29%). 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 | $51,519 | $53,031 | $93,577 | $86,234 |
| Employer contributions per active participant | $3,115 | $2,174 | $10,100 | $10,244 |
| Schedule C compensation per participant | $133 | $123 | $369 | $344 |
| Schedule C compensation, share of net assets | 0.36% | 0.26% | 0.52% | 0.42% |
| Administrative expenses per participant | $151 | $116 | $555 | $527 |
Medians across plans with 100 or more participants (153 DC and 81 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 | $17,514 | $51,519 | $108,239 | 153 |
| Employer contributions per active participant | $1,313 | $3,115 | $6,092 | 147 |
| Schedule C compensation per participant | $57.28 | $133 | $236 | 140 |
| Administrative expenses per participant | $76.10 | $151 | $291 | 150 |
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 | 13 | 120,341 | $9.80B | $333M | $237M | $114,945 | $74.78 |
| 2024 | 237 | 2,028,113 | $101.9B | $4.32B | $1.35B | $51,519 | $133 |
| 2023 | 266 | 1,929,622 | $97.7B | $4.21B | $1.18B | $50,900 | $128 |
| 2022 | 275 | 1,744,510 | $89.2B | $4.06B | $941M | $46,821 | $124 |
| 2021 | 307 | 1,569,049 | $100.9B | $4.07B | $717M | $54,891 | $128 |
| 2020 | 328 | 1,555,506 | $98.3B | $4.03B | $612M | $52,223 | $132 |
| 2019 | 396 | 1,669,826 | $98.4B | $4.86B | $669M | $50,126 | $125 |
| 2018 | 575 | 2,567,803 | $139.7B | $8.10B | $654M | $44,090 | $113 |
| 2017 | 590 | 2,481,954 | $140.1B | $7.40B | $610M | $45,371 | $127 |
| 2016 | 595 | 2,217,448 | $109.9B | $6.16B | $538M | $39,645 | $117 |
| 2015 | 614 | 2,452,762 | $117.2B | $6.53B | $432M | $36,755 | $114 |
| 2014 | 632 | 2,481,602 | $118.5B | $6.16B | $508M | $39,017 | $113 |
| 2013 | 620 | 2,633,959 | $117.4B | $5.87B | $505M | $37,332 | $110 |
| 2012 | 609 | 2,093,175 | $105.0B | $5.45B | $469M | $33,021 | $113 |
| 2011 | 616 | 2,593,040 | $93.8B | $5.36B | $445M | $31,313 | $99.01 |
| 2010 | 581 | 1,943,165 | $89.8B | $5.03B | $401M | $30,065 | $91.53 |
| 2009 | 570 | 1,954,021 | $79.2B | $4.70B | $350M | $29,007 | $83.26 |
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 235 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 235 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Paychex Pooled Employer 401(k) Plan | Paychex Retirement LLC | NY | DC | 661,036 | $1.77B | $2,675 | $272 | $21.87 |
| Central Pension Fund of the IUOE & Participating Employers | Board of Trustees of the CPF of the IUOE and Participating Employers | DC | DB | 233,478 | $27.4B | $117,266 | $11,930 | $133 |
| SEIU 775 Secure Retirement Plan | Board of Trustees, SEIU 775 Secure Retirement Trust | WA | DC | 89,810 | $497M | $5,538 | $1,060 | $48.45 |
| Southern District Ubc Defined Contribution Fund | Board of Trustees of the Southern District Ubc Defined Contribution F | TN | DC | 51,643 | $1.24B | $23,996 | $962 | $35.89 |
| New York State Nurses Association Pension Plan | Board of Trustees-New York State Nurses Association Pension Plan | NY | DB | 46,491 | $5.84B | $125,702 | $10,383 | $682 |
| Pentegra Defined Contribution Plan for Financial Institutions | Board of Directors of Pentegra Defined Contribution Plan | NY | DC | 45,161 | $2.26B | $50,049 | $1,181 | $198 |
| UFCW Retirement and Savings Plan | Trustees of UFCW Retirement and Savings Plan | NJ | DC | 44,614 | $225M | $5,040 | $889 | $43.59 |
| Deseret 401(k) Plan | Deseret Mutual Benefit Administrators | UT | DC | 41,648 | $7.21B | $173,161 | $7,673 | $21.11 |
| TIAA Retirement Plan | Teachers Insurance and Annuity Association of America | NY | DC | 29,832 | $5.90B | $197,899 | $12,991 | $16.55 |
| St. Louis-Kansas City Carpenters Regional Annuity | Board of Trustees of St. Louis Kansas City Carpenters Regional Annuity | MO | DC | 28,767 | $141M | $4,895 | $2,088 | $39.13 |
| Carpenters Pension Trust Fund of St. Louis | Trustees of Carpenters Benefit Plans of St. Louis | MO | DB | 27,598 | $3.28B | $118,685 | $13,040 | $230 |
| TIAA Code Section 401(k) Plan | Teachers Insurance and Annuity Association of America | NY | DC | 26,753 | $4.62B | $172,856 | $3,788 | $18.63 |
| Directors Guild of America - Producer Pension Plan Supplemental Benefit Plan | Board of Trustees, Directors Guild of America - | CA | DC | 25,726 | $2.30B | $89,400 | $2,266 | $167 |
| Eighth District Electrical Pension Fund Annuity Plan | Board of Trustees, Eighth District Electrical Pension | NV | DC | 24,505 | $1.30B | $52,897 | $2,745 | $53.83 |
| Carpenters Labor-Management Pension Plan | United Brotherhood of Carpenters Labor-Mgmt PF Trustee | CA | DB | 24,299 | $1.18B | $48,612 | $2,278 | $159 |
| Northwest Carpenters Individual Account Pension Plan | Board of Trustees, Northwest Carpenters Individual Account Pension Pla | CA | DC | 21,456 | $707M | $32,938 | $439 | $65.82 |
| Eighth District Electrical Pension Fund | Board of Trustees, Eighth District Electrical Pension | NV | DB | 21,064 | $1.25B | $59,451 | $7,649 | $264 |
| Carpenters Pension Fund of Illinois | Board of Trustees of Carpenters Pension Fund of Illinois | IL | DB | 17,735 | $2.23B | $125,643 | $22,941 | $557 |
| Pentegra Defined Benefit Plan for Financial Inst | Board of Directors of Pentegra Defined Benefit Plan | NY | DB | 15,292 | $3.01B | $196,895 | $13,829 | $2,162 |
| 32BJ School Workers Pension Fund | Board of Trustees of the 32BJ School Workers Pension Fund | NY | DB | 15,019 | $598M | $39,849 | $5,525 | $239 |
| Directors Guild of America-Producer Pension Plan Basic Benefit Plan | Board of Trustees, Directors Guild of America- | CA | DB | 14,707 | $2.46B | $167,178 | $19,622 | $319 |
| USI 401(k) Plan | USI Insurance Services LLC | NY | DC | 13,248 | $1.53B | $115,836 | $2,544 | $28.79 |
| YWCA Retirement Fund, Inc. | YWCA Retirement Fund, Inc. | NY | DB | 11,316 | $400M | $35,367 | $3,172 | $496 |
| Excavators Union Local 731 Annuity Fund | Excavators Union Local 731 Annuity Board of Trustees | NY | DC | 10,720 | $953M | $88,901 | $15,650 | $138 |
| Alaska Teamster-Employer Pension Trust | Alaska Teamster Employer Pension Trust | AK | DB | 9,416 | $534M | $56,710 | $11,577 | $254 |
| Laborers' District Council Construction Industry Pension Fund | Laborers' District Council Construction Industry Pension Fund | PA | DB | 9,405 | $1.23B | $130,795 | $20,965 | $713 |
| National Production Workers Union Severance Trust Fund | Trustees of National Production Workers Union Severance Trust Fund | IL | DC | 9,002 | $8.5M | $940 | $1,012 | $98.38 |
| The Agma Retirement Plan | Board of Trustees Agma Retirement Plan | PA | DC | 8,993 | $117M | $12,983 | $584 | $62.03 |
| Ironworkers District Council of the Pacific NW Field Ironworkers Annuity Trust Fund | Ironworkers District Council of the Paci Field Ironworkers Annuity Tru | WA | DC | 7,937 | $589M | $74,220 | $5,328 | $303 |
| Texas Iron Workers' Defined Contribution Retirement Plan | Trustees of Texas Iron Workers' Defined Contribution Retirement Plan | TX | DC | 7,882 | $70.9M | $8,995 | $1,522 | $47.36 |
| International Union of Operating Engineers Local 841 Qualified Savings Plan | Trustees of the International Union of Operating Engineers | IN | DC | 7,071 | $160M | $22,695 | $2,855 | $63.01 |
| Union Roofers Supplemental Annuity Trust Fund | Union Roofers Supplemental Annuity Trust Fund | CA | DC | 6,993 | $53.4M | $7,643 | $678 | $41.82 |
| Hawaii Laborers' Annuity Fund | Hawaii Laborers' Annuity Fund | HI | DC | 6,407 | $305M | $47,570 | $4,546 | $272 |
| Risk Strategies Prevailing Wage Retirement Program | Plan Compliance Services, Inc. | FL | DC | 6,033 | $22.9M | $3,792 | $843 | $60.12 |
| Hawaii Laborers' Pension Trust Fund | Hawaii Laborers' Pension Trust Fund | HI | DB | 6,020 | $426M | $70,803 | $7,862 | $372 |
| United Assn Full-Time Sal Off & Emp of Locl Unions Councils, ST & Prov Pen Plan | U a Local Union Officers & Employees Pension Fund | MD | DB | 5,864 | $1.26B | $215,463 | $34,289 | $678 |
| Choice Pooled Employer Plan I | Administrative Group, LLC DBA Transamerica Fiduciary Services | TN | DC | 5,853 | $47.0M | $8,034 | $2,186 | $263 |
| Iron Workers District Council of Tennessee Valley and Vicinity Annuity Plan | Iron Workers District Council of TN & Vicinity Annuity Plan | TN | DC | 5,317 | $48.5M | $9,118 | $3,033 | $28.33 |
| Contract Cleaners Service Employees' Pension Plan | Contract Cleaners Service Employees' Pension Trust | MO | DB | 5,054 | $22.7M | $4,499 | $439 | $73.23 |
| Indiana State Council of Plasterers & Cement Mason Pension Fund | Isc Plasterers & Cement Masons Pension Fund | IN | DC | 4,903 | $348M | $71,039 | $9,043 | $878 |
By plan size
By state
Questions and answers
How many retirement plans are there in insurance & employee benefit funds?
237 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 296 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 insurance & employee benefit funds?
The median defined contribution plan reported $51,519 in net assets per participant (middle half of plans: $17,514 to $108,239); 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 insurance & employee benefit funds?
The median defined contribution plan received $3,115 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 insurance & employee benefit funds?
Among defined contribution plans that report any Schedule C compensation, the median was $133 per participant and 0.36% 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.