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Industry · Form 5500 business code 541920
Photographic Services: 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, 23 retirement plans in photographic services with 100 or more participants filed Form 5500: 22 defined contribution and 1 defined benefit. They reported 11,772 participant records and $865M in net assets, counting every plan on the form.
The median defined contribution plan held $38,266 per participant, well below the national median of $53,031, and its employer put in $1,821 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $114 per participant against $123 nationally.
Employers contributed $14.2M and participants $31.8M during the year, and the plans paid out $86.7M in benefits.
In 2009 the same group numbered 24 plans with $844M; by 2024 it was 23 plans (down 4%) and $865M (up 2%). 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 | $38,266 | $53,031 | $65,400 | $86,234 |
| Employer contributions per active participant | $1,821 | $2,174 | — | $10,244 |
| Schedule C compensation per participant | $114 | $123 | $301 | $344 |
| Schedule C compensation, share of net assets | 0.21% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $119 | $116 | $301 | $527 |
Medians across plans with 100 or more participants (18 DC and 1 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 | $21,929 | $38,266 | $61,987 | 18 |
| Employer contributions per active participant | $1,337 | $1,821 | $3,919 | 17 |
| Schedule C compensation per participant | $47.17 | $114 | $181 | 16 |
| Administrative expenses per participant | $50.67 | $119 | $206 | 17 |
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 | 23 | 11,772 | $865M | $14.2M | $31.8M | $38,266 | $114 |
| 2023 | 23 | 12,091 | $810M | $14.6M | $32.8M | $25,677 | $87.04 |
| 2022 | 23 | 10,475 | $744M | $12.5M | $29.4M | $20,935 | $69.56 |
| 2021 | 21 | 8,824 | $901M | $9.4M | $25.5M | $28,592 | $75.82 |
| 2020 | 21 | 8,119 | $837M | $8.3M | $21.8M | $37,569 | $122 |
| 2019 | 23 | 10,879 | $1.00B | $140M | $23.4M | $28,329 | $71.86 |
| 2018 | 19 | 9,888 | $879M | $43.9M | $22.1M | $25,448 | $79.93 |
| 2017 | 22 | 30,996 | $1.32B | $72.8M | $23.1M | $25,747 | $43.26 |
| 2016 | 22 | 26,041 | $1.83B | $90.4M | $20.8M | $24,267 | $61.27 |
| 2015 | 22 | 29,066 | $2.56B | $80.4M | $20.2M | $21,713 | $55.22 |
| 2014 | 22 | 29,206 | $2.70B | $90.5M | $19.6M | $23,067 | $46.06 |
| 2013 | 21 | 29,158 | $2.83B | $113M | $18.7M | $22,126 | $36.30 |
| 2012 | 21 | 15,646 | $967M | $22.8M | $16.9M | $18,337 | $68.97 |
| 2011 | 21 | 22,353 | $928M | $37.3M | $17.8M | $15,501 | $63.80 |
| 2010 | 22 | 22,998 | $929M | $32.3M | $15.7M | $12,451 | $58.39 |
| 2009 | 24 | 24,069 | $844M | $23.4M | $16.1M | $13,020 | $39.00 |
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 23 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 23 largest by participants of 23 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Shutterstock, Inc. 401(k) Plan | Shutterstock, Inc. | NY | DC | 1,236 | $123M | $99,235 | $8,113 | — |
| Agfa Corporation Employee Savings Plan | Agfa Corporation | NJ | DC | 964 | $304M | $315,212 | $3,919 | $99.59 |
| Agfa Corporation Pension Plan | Agfa Corporation | NJ | DB | 946 | $61.9M | $65,400 | — | $301 |
| Cherry Hill Photo Savings & Retirement Plan | Cherry Hill Programs, Inc. | NJ | DC | 764 | — | — | — | — |
| Nokian Tyres, Inc. 401(k) Plan | Nokian Tyres, Inc. | TN | DC | 700 | $23.9M | $34,094 | $1,821 | $50.67 |
| Magic Memories Employee Retirement Plan | Magic Memories USA LLC | CO | DC | 688 | $3.4M | $4,879 | $147 | $48.84 |
| Databank Imx LLC 401(k) Plan | Databank Imx LLC | PA | DC | 613 | $25.2M | $41,058 | $722 | $36.65 |
| Cady 401(k) Plan | Cady Studios, LLC | GA | DC | 572 | $4.7M | $8,189 | $812 | $5.35 |
| Agfa Healthcare Corporation Employee Savings Plan | Agfa Healthcare Corporation | NJ | DC | 557 | $183M | $328,373 | $4,866 | $129 |
| Optimax Systems, Inc. 401(k) Profit Sharing Plan | Optimax Systems, Inc. | NY | DC | 528 | $34.7M | $65,729 | $1,794 | $16.04 |
| Strawbridge Studios, Inc. Retirement Plan | Strawbridge Studios, Inc. | NC | DC | 483 | $15.0M | $31,118 | $1,365 | $227 |
| Nationwide Studios 401(k) Plan | Nationwide Studios, Inc. | TN | DC | 466 | — | — | — | — |
| Vexcel Group 401(k) Plan | Vexcel Group, Inc. | CO | DC | 372 | $15.0M | $40,409 | $4,317 | $66.49 |
| Bella Baby Glenview LLC 401(k) | Bella Baby Glenview LLC | IL | DC | 340 | — | — | — | — |
| White House Custom Colour, Inc. 401(k) Plan | White House Custom Colour, Inc. | MN | DC | 327 | $16.6M | $50,759 | $1,716 | $119 |
| Gemini Legal Support, Inc. 401(k) Profit Sharing Plan | Gemini Legal Support, Inc. | CA | DC | 327 | $6.6M | $20,319 | $1,866 | $239 |
| Pro Imaging Benefits 401(k) Plan | H & H Color Lab, Inc. | MO | DC | 280 | $5.4M | $19,296 | $250 | $171 |
| Advanced Photographic Solutions Retirement Savings Plan | Advanced Photographic Solutions, LLC | TN | DC | 270 | — | — | — | — |
| Millennium Management Inc. 401(k) PS Plan & Trust | Millennium Management Inc. | NY | DC | 235 | $4.1M | $17,610 | — | $110 |
| Dorian Studio Inc. 401(k) Plan | Dorian Studio, Inc. | WA | DC | 232 | $21.5M | $92,715 | $2,646 | $177 |
| Leonard's 401(k) Benefit Plan | Rekcut Photographic, Inc. | FL | DC | 186 | $8.7M | $46,822 | $1,337 | $206 |
| Chatbooks 401(k) Plan | Chatbooks, Inc. | UT | DC | 172 | $6.3M | $36,553 | $3,348 | $293 |
| Soona Co. 401(k) Plan | Soona Co. | CO | DC | 116 | $4.2M | $36,123 | $4,455 | — |
By plan size
By state
Questions and answers
How many retirement plans are there in photographic services?
23 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 78 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 photographic services?
The median defined contribution plan reported $38,266 in net assets per participant (middle half of plans: $21,929 to $61,987); 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 photographic services?
The median defined contribution plan received $1,821 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 photographic services?
Among defined contribution plans that report any Schedule C compensation, the median was $114 per participant and 0.21% 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.