Industry sector · Form 5500 business code 55xxxx
Management of companies (holding companies): retirement plans
Plans whose sponsor entered a business code in this sector 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.
796 retirement plans in management of companies (holding companies) with 100 or more participants filed Form 5500 for plan year 2024 (699 defined contribution, 97 defined benefit). All Form 5500 pension filers in the group reported 3,018,137 participant records and $413.2B in net assets.
The median defined contribution plan held $70,579 per participant, well above the national median of $53,031, and its employer put in $2,641 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $98.87 per participant against $123 nationally.
Employers contributed $7.48B and participants $11.4B during the year, and the plans paid out $37.1B in benefits.
In 2009 the same group numbered 841 plans with $167.8B; by 2024 it was 796 plans (down 5%) and $413.2B (up 146%). 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 | $70,579 | $53,031 | $94,230 | $86,234 |
| Employer contributions per active participant | $2,641 | $2,174 | $14,787 | $10,244 |
| Schedule C compensation per participant | $98.87 | $123 | $326 | $344 |
| Schedule C compensation, share of net assets | 0.18% | 0.26% | 0.39% | 0.42% |
| Administrative expenses per participant | $97.39 | $116 | $519 | $527 |
Medians across plans with 100 or more participants (681 DC and 97 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 | $33,295 | $70,579 | $126,552 | 681 |
| Employer contributions per active participant | $1,403 | $2,641 | $4,653 | 646 |
| Schedule C compensation per participant | $48.62 | $98.87 | $185 | 613 |
| Administrative expenses per participant | $47.99 | $97.39 | $183 | 636 |
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 | 120 | 477,153 | $104.2B | $1.84B | $2.78B | $101,582 | $132 |
| 2024 | 796 | 3,018,137 | $413.2B | $7.48B | $11.4B | $70,579 | $98.87 |
| 2023 | 816 | 2,989,849 | $374.4B | $6.50B | $10.5B | $63,323 | $93.92 |
| 2022 | 889 | 3,117,106 | $337.9B | $6.25B | $9.99B | $49,242 | $94.18 |
| 2021 | 882 | 3,209,234 | $425.4B | $6.30B | $10.2B | $63,332 | $99.14 |
| 2020 | 876 | 3,171,311 | $381.8B | $7.29B | $9.40B | $58,524 | $90.95 |
| 2019 | 859 | 3,226,346 | $348.9B | $7.53B | $9.07B | $52,527 | $82.81 |
| 2018 | 860 | 3,262,953 | $301.4B | $6.54B | $8.65B | $44,983 | $74.78 |
| 2017 | 839 | 3,323,597 | $324.9B | $7.11B | $8.19B | $49,228 | $69.04 |
| 2016 | 841 | 3,362,967 | $284.7B | $6.46B | $7.74B | $45,535 | $58.57 |
| 2015 | 849 | 3,551,890 | $272.4B | $7.85B | $7.63B | $39,039 | $50.93 |
| 2014 | 837 | 3,499,922 | $277.0B | $6.12B | $7.11B | $41,892 | $42.77 |
| 2013 | 821 | 3,641,472 | $256.5B | $6.32B | $6.64B | $42,440 | $36.88 |
| 2012 | 819 | 3,558,681 | $214.1B | $6.70B | $6.12B | $34,352 | $31.79 |
| 2011 | 812 | 3,594,506 | $187.9B | $6.42B | $6.08B | $30,985 | $28.39 |
| 2010 | 839 | 3,703,119 | $189.3B | $10.1B | $5.84B | $30,739 | $29.95 |
| 2009 | 841 | 3,656,192 | $167.8B | $5.69B | $5.34B | $27,291 | $28.82 |
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 800 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 50 largest by participants of 800 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Wells Fargo & Company 401(k) Plan | Wells Fargo & Company | MN | DC | 255,580 | $57.9B | $226,493 | $6,154 | $41.08 |
| The Bank of America 401(k) Plan | Bank of America Corporation | NC | DC | 246,394 | $71.5B | $290,173 | $7,748 | — |
| The Bank of America Pension Plan | Bank of America Corporation | RI | DB | 168,197 | $17.6B | $104,622 | — | $289 |
| Wells Fargo & Company Cash Balance Plan | Wells Fargo & Company | MN | DB | 165,927 | $8.25B | $49,704 | — | $140 |
| Capital One Financial Corporation Associate Savings Plan | Capital One Financial Corporation | VA | DC | 68,906 | $12.0B | $174,055 | $10,312 | $94.17 |
| Allstate Retirement Plan | The Allstate Corporation | TX | DB | 64,168 | $4.04B | $62,948 | $1,053 | $64.92 |
| Allstate 401(k) Savings Plan | The Allstate Corporation | TX | DC | 61,370 | $7.62B | $124,160 | $3,191 | $139 |
| Oak View Group 401(k) Plan | Oak View Group, LLC | PA | DC | 50,766 | $176M | $3,469 | $184 | $10.37 |
| TD 401(k) Retirement Plan | TD Bank US Holding Company | ME | DC | 49,123 | $5.97B | $121,555 | $6,186 | $27.78 |
| GEICO 401(k) Savings Plan | GEICO Corporation | DC | DC | 47,131 | $6.23B | $132,136 | $4,468 | $47.21 |
| Prime Healthcare Services, Inc. 401(k) Plan | Prime Healthcare Services, Inc. | CA | DC | 46,208 | $1.76B | $38,076 | $599 | $24.12 |
| Siemens Savings Plan | Siemens Corporation | NJ | DC | 43,376 | $9.80B | $225,886 | $7,027 | — |
| Concentrix Retirement and Savings Plan | Concentrix CVG Corporation | OH | DC | 39,739 | $880M | $22,138 | $400 | $11.79 |
| HSBC - North America (U.S.) Pension Plan | HSBC North America Holdings Inc. | IL | DB | 39,143 | $2.86B | $72,964 | — | $195 |
| Warner Bros. Discovery 401(k) Savings Plan | Warner Bros. Discovery, Inc. | NY | DC | 38,868 | $9.21B | $236,943 | $8,460 | $66.39 |
| Iqvia 401(k) Plan | Iqvia Inc. | NC | DC | 33,208 | $3.56B | $107,266 | $4,207 | $52.85 |
| Berkshire Hathaway Consolidated Pension Plan | Berkshire Hathaway Credit Corporation | NE | DB | 33,094 | $4.96B | $149,780 | — | $160 |
| Clayton Homes, Inc. 401(k) Retirement Plan | Clayton Homes, Inc. | TN | DC | 30,229 | $1.59B | $52,562 | $2,558 | $60.19 |
| Rentokil Initial USA 401(k) Plan | Rentokil North America, Inc. | PA | DC | 28,927 | $1.31B | $45,288 | $1,660 | $67.61 |
| Sony USA 401(k) Plan | Sony Corporation of America | NY | DC | 25,938 | $6.21B | $239,306 | $8,553 | $302 |
| State Street Salary Savings Program | State Street Corporation | MA | DC | 21,533 | $6.53B | $303,331 | $8,239 | $132 |
| HSBC - North America (U. S.) Tax Reduction Investment Plan | HSBC North America Holdings Inc. | IL | DC | 20,310 | $4.93B | $242,827 | $8,846 | $107 |
| Siemens Medical Solutions USA, Inc. Savings Plan | Siemens Medical Solutions USA, Inc. | PA | DC | 20,091 | $7.87B | $391,853 | $9,679 | — |
| Toyota Industries North America Group Associates' 401(k) Retirement Plan | Toyota Industries North America, Inc. | IN | DC | 19,019 | $1.37B | $71,961 | $2,794 | $83.81 |
| Pacific Dental Services, LLC 401(k) Plan | Pacific Dental Services, LLC | CA | DC | 18,962 | $565M | $29,813 | $765 | $84.75 |
| Retirement Plan of Carilion Clinic | Carilion Clinic | VA | DB | 17,990 | $1.44B | $79,909 | $2,867 | $158 |
| LVMH Affiliates' 401(k) Plan | LVMH Inc. | NY | DC | 17,966 | $1.14B | $63,710 | $3,862 | $9.49 |
| Siemens Pension Plan | Siemens Corporation | NJ | DB | 17,771 | $1.42B | $79,661 | — | $200 |
| Deutsche Bank Matched Savings Plan | Deutsche Bank Americas Holding Corp. | NY | DC | 17,607 | $4.48B | $254,558 | $9,158 | $102 |
| LNC Employees' 401(k) Savings Plan | Lincoln National Corporation | PA | DC | 17,050 | $3.52B | $206,171 | $10,931 | $10.70 |
| Smithfield Foods, Inc. Hourly 401(k) Plan | Smithfield Foods Incorporated | VA | DC | 16,909 | $419M | $24,762 | $1,927 | $45.24 |
| The Pearson Retirement Plan 401(k) | Pearson Education Inc. | NJ | DC | 16,864 | $2.37B | $140,821 | $3,298 | $94.86 |
| Pension Plan for Pactiv Evergreen | Pactiv LLC | IL | DB | 16,520 | $866M | $52,444 | — | $226 |
| Ufp Industries, Inc. Employees' Profit Sharing and 401(k) Plan | Ufp Industries, Inc. | MI | DC | 15,940 | $792M | $49,667 | $600 | $47.09 |
| Tribune Media Company Retirement Plan | Tribune Media Company | IL | DB | 15,861 | $1.09B | $68,603 | $37,964 | — |
| Smithfield Foods, Inc. Bargaining 401(k) Plan | Smithfield Foods Incorporated | VA | DC | 15,653 | $340M | $21,721 | $901 | $41.81 |
| Pinnacle West Capital Corporation Retirement Plan | Pinnacle West Capital Corporation | AZ | DB | 15,460 | $3.06B | $198,230 | — | $513 |
| Roper Technologies, Inc. Employees' Retirement Savings 004 Plan | Roper Technologies, Inc. | FL | DC | 14,999 | $1.58B | $105,646 | $3,305 | $68.57 |
| Assurant 401(k) Plan | Assurant, Inc. | GA | DC | 14,549 | $2.41B | $165,868 | $4,449 | $65.87 |
| Oncor Retirement Plan | Oncor Electric Delivery Company LLC | TX | DB | 14,519 | $1.77B | $122,199 | $40,594 | $536 |
| Life Care Companies LLC Retirement and 401(k) Savings Plan | Life Care Companies LLC | IA | DC | 14,326 | $295M | $20,623 | $776 | $26.63 |
| Thoroughbred Retirement Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies | Norfolk Southern Corporation | GA | DC | 14,235 | $1.22B | $85,482 | $302 | $87.38 |
| Akima, LLC 401(k) Plan | Akima, LLC | VA | DC | 14,087 | $555M | $39,373 | $2,671 | $101 |
| Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies | Norfolk Southern Corporation | GA | DB | 14,020 | $2.54B | $181,431 | — | $736 |
| Surgery Partners 401(k) Plan | SP Management Services, Inc. | TN | DC | 13,249 | $414M | $31,218 | $1,298 | $64.21 |
| Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1 2008 | Lincoln National Corporation | PA | DB | 12,960 | $761M | $58,748 | — | $259 |
| Deutsche Bank Cash Account Pension Plan | Deutsche Bank Americas Holding Corporation | NY | DB | 11,994 | $1.11B | $92,419 | $32,572 | $249 |
| Kemper Corporation 401(k) Retirement Plan | Kemper Corporation | IL | DC | 11,596 | $888M | $76,539 | $4,137 | $42.30 |
| Williams Pension Plan | The Williams Companies, Inc. | OK | DB | 10,822 | $1.35B | $125,055 | — | $276 |
| American Financial Group 401(k) Retirement and Savings Plan | American Financial Group, Inc. | OH | DC | 10,455 | $2.32B | $221,694 | $7,681 | $60.53 |
By plan size
By state
Business codes in this sector
| Code | Principal business activity | Plans 100+ | Participants | Net assets |
|---|---|---|---|---|
| 551112 | Offices of Other Holding Companies | 668 | 1,952,101 | $235.3B |
| 551111 | Offices of Bank Holding Companies | 128 | 1,066,034 | $177.9B |
Codes with 20 or more plans of 100+ participants in plan year 2024. Labels are from the official Form 5500 instructions.
Questions and answers
How many retirement plans are there in management of companies (holding companies)?
796 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 1,162 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 management of companies (holding companies)?
The median defined contribution plan reported $70,579 in net assets per participant (middle half of plans: $33,295 to $126,552); 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 management of companies (holding companies)?
The median defined contribution plan received $2,641 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 management of companies (holding companies)?
Among defined contribution plans that report any Schedule C compensation, the median was $98.87 per participant and 0.18% 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.