Industries › Finance and insurance
Industry · Form 5500 business code 525920
Trusts, Estates, & Agency Accounts: 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, 31 retirement plans in trusts, estates, & agency accounts with 100 or more participants filed Form 5500: 15 defined contribution and 16 defined benefit. They reported 264,690 participant records and $14.6B in net assets, counting every plan on the form.
The median defined contribution plan held $104,858 per participant, well above the national median of $53,031, and its employer put in $3,725 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $95.56 per participant against $123 nationally.
Employers contributed $554M and participants $47.2M during the year, and the plans paid out $902M in benefits.
In 2009 the same group numbered 22 plans with $10.5B; by 2024 it was 31 plans (up 41%) and $14.6B (up 38%). 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 | $104,858 | $53,031 | $28,609 | $86,234 |
| Employer contributions per active participant | $3,725 | $2,174 | $3,239 | $10,244 |
| Schedule C compensation per participant | $95.56 | $123 | $201 | $344 |
| Schedule C compensation, share of net assets | 0.20% | 0.26% | 0.77% | 0.42% |
| Administrative expenses per participant | $112 | $116 | $361 | $527 |
Medians across plans with 100 or more participants (14 DC and 16 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 | $55,726 | $104,858 | $233,845 | 14 |
| Employer contributions per active participant | $1,959 | $3,725 | $8,407 | 14 |
| Schedule C compensation per participant | $69.04 | $95.56 | $168 | 13 |
| Administrative expenses per participant | $71.91 | $112 | $182 | 14 |
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 | 31 | 264,690 | $14.6B | $554M | $47.2M | $104,858 | $95.56 |
| 2023 | 28 | 264,455 | $13.5B | $510M | $36.8M | $105,772 | $103 |
| 2022 | 35 | 267,056 | $12.5B | $547M | $31.8M | $48,921 | $55.32 |
| 2021 | 35 | 269,597 | $13.2B | $577M | $25.5M | $58,753 | $51.35 |
| 2020 | 28 | 235,403 | $14.7B | $629M | $126M | $56,638 | $55.42 |
| 2019 | 29 | 258,378 | $12.9B | $680M | $121M | $42,513 | $51.11 |
| 2018 | 28 | 345,976 | $13.2B | $549M | $102M | $40,262 | $34.92 |
| 2017 | 28 | 345,014 | $14.2B | $546M | $93.6M | $50,750 | $41.90 |
| 2016 | 28 | 349,004 | $13.3B | $544M | $91.0M | $38,852 | $46.51 |
| 2015 | 28 | 436,337 | $12.8B | $579M | $89.1M | $27,163 | $35.83 |
| 2014 | 25 | 416,456 | $11.1B | $524M | $86.5M | $40,445 | $34.50 |
| 2013 | 26 | 356,693 | $13.5B | $588M | $92.3M | $34,768 | $64.26 |
| 2012 | 24 | 443,025 | $13.4B | $721M | $84.6M | $28,067 | $34.97 |
| 2011 | 22 | 347,558 | $11.5B | $587M | $75.4M | $20,156 | $39.97 |
| 2010 | 22 | 343,595 | $11.6B | $535M | $63.5M | $18,812 | $38.31 |
| 2009 | 22 | 345,457 | $10.5B | $486M | $65.3M | $35,465 | $14.22 |
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 30 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 30 largest by participants of 30 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Steelworkers Pension Trust | Steelworkers Pension Trust | PA | DB | 123,674 | $7.18B | $58,059 | $6,786 | $319 |
| Felra & UFCW Pension Plan | Board of Trustees, Felra & UFCW Pension | MD | DB | 38,910 | $1.43B | $36,685 | — | $143 |
| Ufcw- Giant Excess Supplemental Benefit Fund | Board of Trustees Ufcw-Giant Excess Supplemental Benefit Fybd | MD | DB | 20,503 | $19K | $1 | $42 | $7.68 |
| Producer-Writers Guild of America Pension Plan | Board of Directors Producer-Writers Guild of America Pension Plan | CA | DB | 20,228 | $4.42B | $218,416 | $20,229 | $559 |
| UFCW Giant-Safeway Excess Supplemental Benefit Pension Fund | Board of Trustees UFCW Giant-Safeway Excess Supplemental Benefit Pensi | MD | DB | 13,011 | $46K | $4 | $58 | $8.39 |
| Ufcw-Giant Variable Annuity Fund | Board of Trustees Ufcw-Giant Variable Annuity Fund | MD | DB | 12,031 | $52.2M | $4,339 | $1,318 | $109 |
| UFCW Unions and Participating Employers Pension Plan | Board of Trustees the UFCW Unions and Participating Employers Pension | MD | DB | 11,636 | $94.1M | $8,090 | $2,601 | $133 |
| Association of Economic Collaboration and Growth Multiple Employer Retirement Plan | Association of Economic Collaboration and Growth | CA | DC | 5,763 | $21.7M | $3,763 | $444 | $27.02 |
| Intermountain Ironworkers Pension Trust | Board of Trustees Intermountain Ironworkers Pension Trust | UT | DB | 2,975 | $161M | $54,151 | $17,925 | $327 |
| Inspira Financial, LLC 401(k) Plan | Inspira Financial, LLC | IL | DC | 1,873 | $113M | $60,407 | $1,933 | $95.56 |
| Utah Sheet Metal Pension Trust | Utah Sheet Metal Pension Trust | UT | DB | 1,685 | $275M | $163,160 | $12,006 | $1,083 |
| Amalgamated Transit Workers Local 854 Pension Fund | BD of Trustees Amalgamated Transit Workers Local 854 Pension Fund | NY | DB | 1,506 | $19.8M | $13,133 | $2,299 | $97.45 |
| Local 1931 Pension Fund | Board of Trustees of Local 1931 Pension Fund | NY | DB | 1,467 | $29.4M | $20,064 | $3,170 | $224 |
| Veritext LLC 401(k) Savings Plan | Veritext LLC | NJ | DC | 1,460 | $102M | $69,952 | $1,447 | $142 |
| Local 1783 I.B.E.W. Pension Fund | Board of Trustees of Local 1783 I.B.E.W. Pension Fund | NY | DB | 815 | $16.7M | $20,532 | $3,239 | $164 |
| Coast Professional Inc. Profit Sharing Plan | Coast Professional Inc. | LA | DC | 759 | $8.9M | $11,789 | $1,094 | $168 |
| Employers - Ila N.C. Ports Pension Plan | Trustees of Employers - Ila N.C. Ports Pension Plan | NC | DB | 685 | $61.3M | $89,537 | $9,447 | $845 |
| Missouri Farm Bureau Retirement Plan Trust | Missouri Farm Bureau Federation | MO | DB | 667 | $81.7M | $122,546 | $7,650 | $178 |
| M.s.s.a.-I.l.a. Pension Plan | Board of Trustee Mssa-Ila Pension Plan | AL | DB | 571 | $63.3M | $110,817 | $10,277 | $500 |
| Utah Bakers Pension Trust Fund | Trustees of the Utah Bakers Pension Trust Fund | UT | DB | 487 | $9.3M | $19,179 | $2,792 | $483 |
| Redwood Trust, Inc. 401(k) Profit Sharing Plan | Redwood Trust, Inc. | CA | DC | 474 | $62.5M | $131,844 | $4,798 | $78.81 |
| The Midwest Trust Company Profit Sharing 401(k) Plan | The Midwest Trust Company | KS | DC | 398 | $75.3M | $189,100 | $7,554 | $30.88 |
| Renaissance Employee Savings Trust | Renaissance Acquisition Company LLC | IN | DC | 374 | $20.3M | $54,166 | $3,270 | $333 |
| Delaware Claims Processing Facility, LLC. 401(k) Plan | Delaware Claims Processing Facility, LLC. | DE | DC | 330 | $35.6M | $107,803 | $3,483 | $52.69 |
| Greenleaf Trust National Association 401(k) Plan | Greenleaf Trust | MI | DC | 314 | $108M | $344,203 | $9,341 | — |
| The Crosby Company of New Hampshire, LLC 401(k) Plan | The Crosby Company of New Hampshire, LLC | NH | DC | 235 | $69.5M | $295,571 | $24,114 | $69.04 |
| The Leona M and Harry B Helmsley Charitable Trust 401(k) Plan | Leona M. and Harry B. Helmsley Charitable | NY | DC | 167 | $56.5M | $338,198 | $26,675 | $1,408 |
| Cumberland Trust 401(k) Plan | Cumberland Trust and Investment Company | TN | DC | 150 | $15.3M | $101,913 | $3,967 | $217 |
| Trust Point Inc. 401(k) Profit Sharing Plan | Trust Point Inc. | WI | DC | 146 | $44.9M | $307,437 | $12,750 | $127 |
| 8-KOI, Inc. 401(k) Plan | 8-KOI, Inc. | FL | DC | 136 | — | — | — | — |
By plan size
By state
Questions and answers
How many retirement plans are there in trusts, estates, & agency accounts?
31 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 67 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 trusts, estates, & agency accounts?
The median defined contribution plan reported $104,858 in net assets per participant (middle half of plans: $55,726 to $233,845); 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 trusts, estates, & agency accounts?
The median defined contribution plan received $3,725 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 trusts, estates, & agency accounts?
Among defined contribution plans that report any Schedule C compensation, the median was $95.56 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.