Industries › Administrative and support and waste management services
Industry · Form 5500 business code 561440
Collection Agencies: 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.
57 retirement plans in collection agencies with 100 or more participants filed Form 5500 for plan year 2024 (57 defined contribution, 0 defined benefit). All Form 5500 pension filers in the group reported 29,006 participant records and $841M in net assets.
The median defined contribution plan held $31,898 per participant, well below the national median of $53,031, and its employer put in $748 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $124 per participant against $123 nationally.
Employers contributed $17.0M and participants $49.3M during the year, and the plans paid out $123M in benefits.
In 2009 the same group numbered 63 plans with $186M; by 2024 it was 57 plans (down 10%) and $841M (up 353%). 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 | $31,898 | $53,031 | — | $86,234 |
| Employer contributions per active participant | $748 | $2,174 | — | $10,244 |
| Schedule C compensation per participant | $124 | $123 | — | $344 |
| Schedule C compensation, share of net assets | 0.41% | 0.26% | — | 0.42% |
| Administrative expenses per participant | $124 | $116 | — | $527 |
Medians across plans with 100 or more participants (54 DC and 0 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 | $22,760 | $31,898 | $41,673 | 54 |
| Employer contributions per active participant | $489 | $748 | $1,385 | 51 |
| Schedule C compensation per participant | $89.22 | $124 | $185 | 50 |
| Administrative expenses per participant | $72.22 | $124 | $189 | 53 |
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 | 11 | 2,887 | $89.5M | $1.8M | $5.8M | $37,366 | $156 |
| 2024 | 57 | 29,006 | $841M | $17.0M | $49.3M | $31,898 | $124 |
| 2023 | 56 | 30,727 | $817M | $19.6M | $51.5M | $28,566 | $117 |
| 2022 | 70 | 34,469 | $806M | $20.1M | $52.2M | $24,063 | $104 |
| 2021 | 78 | 31,129 | $964M | $19.3M | $50.5M | $28,139 | $117 |
| 2020 | 78 | 35,026 | $859M | $18.4M | $46.5M | $20,470 | $82.59 |
| 2019 | 76 | 34,542 | $756M | $18.3M | $47.9M | $20,282 | $76.02 |
| 2018 | 75 | 35,315 | $624M | $19.2M | $46.9M | $16,235 | $69.74 |
| 2017 | 76 | 33,653 | $658M | $20.8M | $45.4M | $17,597 | $66.69 |
| 2016 | 76 | 34,889 | $552M | $22.6M | $42.6M | $14,555 | $60.14 |
| 2015 | 73 | 36,651 | $518M | $23.6M | $42.6M | $12,233 | $48.75 |
| 2014 | 68 | 33,958 | $433M | $22.2M | $34.1M | $12,402 | $35.55 |
| 2013 | 71 | 33,375 | $437M | $17.2M | $31.0M | $11,902 | $40.66 |
| 2012 | 77 | 36,875 | $346M | $14.9M | $29.5M | $10,396 | $32.69 |
| 2011 | 71 | 33,554 | $286M | $13.8M | $26.4M | $9,450 | $34.63 |
| 2010 | 74 | 44,351 | $297M | $13.5M | $26.1M | $7,809 | $25.13 |
| 2009 | 63 | 29,753 | $186M | $8.9M | $20.4M | $7,223 | $17.92 |
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 56 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 56 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| The Tsi 401(k) Retirement Savings Plan | Transworld Systems Inc. | IL | DC | 5,590 | $101M | $18,133 | $282 | $64.50 |
| GC Services Limited Partnership Employees' Profit Sharing Plan | GC Services Limited Partnership | UT | DC | 3,076 | $61.9M | $20,129 | $0 | $6.85 |
| Meduit, LLC 401(k) Retirement Plan | Meduit. LLC Ilk/a Receivables | NC | DC | 1,804 | $49.1M | $27,196 | $832 | $44.42 |
| Performant 401(k) Plan | Performant Financial Corporation | CA | DC | 1,366 | $45.4M | $33,234 | $0 | $11.45 |
| Medpoint Management, Inc. 401(k) Plan | Medpoint Management, Inc. | CA | DC | 1,124 | $34.9M | $31,022 | $1,979 | $123 |
| Revco Solutions 401(k) Plan | Revco Solutions, Inc. | NC | DC | 631 | $14.3M | $22,736 | $719 | $88.18 |
| Harris & Harris, Ltd. 401(k) Plan | Harris & Harris, Ltd. | IL | DC | 630 | $15.4M | $24,502 | $1,129 | $69.12 |
| Cbe Companies 401(k) Retirement Plan | Cbe Companies, Inc. | IA | DC | 623 | $16.0M | $25,691 | $653 | $125 |
| State Collection Service, Inc. 401(k) Profit Sharing Plan | State Collection Service, Inc. | WI | DC | 584 | $21.4M | $36,590 | $1,823 | $164 |
| Altisource Employees' Savings Plan | Altisource Portfolio Solutions, Inc. | GA | DC | 584 | $36.9M | $63,157 | $219 | $104 |
| Data and Contact Management Solutions, LLC 401(k) Retirement Plan | Data and Contact Management Solutions, LLC | MN | DC | 532 | $20.1M | $37,758 | $1,191 | $147 |
| Conserve Employee Retirement Plan | Continental Service Group, LLC d/b/a Conserve | NY | DC | 516 | $41.7M | $80,800 | $470 | $189 |
| Annuity Health Holdings LLC, 401(k) Retirement Savings Plan | Annuity Health Holdings LLC | PA | DC | 471 | $4.1M | $8,785 | — | $104 |
| Capio Partners, LLC 401(k) Plan | Capio Partners, LLC | TX | DC | 465 | $11.2M | $24,160 | $1,390 | $119 |
| Uscb, Inc. Employee Stock Ownership Plan | Uscb, Inc. | CA | DC | 460 | $20.6M | $44,727 | $4,865 | — |
| Receivable Solutions, Inc., 401(k) Plan | Receivable Solutions, Inc. | SC | DC | 424 | $3.7M | $8,765 | $792 | $40.71 |
| The Cmi Group, Inc. Employee Stock Ownership Plan | The Cmi Group, Inc. | TX | DC | 420 | $1.6M | $3,801 | — | — |
| PFS Group 401(k) Plan | G & G Organization Ltd. | TX | DC | 404 | $7.2M | $17,823 | $564 | $164 |
| I.C. System, Inc. Savings Plus Plan | I.C. System, Inc. | MN | DC | 401 | $36.9M | $92,137 | $716 | $105 |
| Frost-Arnett Company 401(k) Plan | Frost-Arnett Company | TN | DC | 398 | $9.1M | $22,831 | $567 | $80.93 |
| Jefferson Capital Systems, LLC 401(k) Plan | Jefferson Capital Systems, LLC | MN | DC | 381 | $16.2M | $42,580 | $566 | $199 |
| Credit Control, LLC 401(k) Plan | Credit Control, LLC | MO | DC | 362 | $11.3M | $31,271 | $1,059 | $67.23 |
| Uscb, Inc. 401(k) Profit Sharing Plan | Uscb, Inc. | CA | DC | 357 | $15.9M | $44,576 | $1,159 | — |
| Fma Alliance, Ltd. 401(k) & Profit Sharing Plan | Fma Alliance, Ltd. | TX | DC | 344 | $5.8M | $16,836 | $870 | $104 |
| Medical Data Systems, Inc. 401(k) Plan | Medical Data System, Inc. | FL | DC | 337 | $6.7M | $19,809 | $651 | $211 |
| Cavalry Investments, LLC 401(k) Plan | Cavalry Investments, LLC | CT | DC | 336 | $21.3M | $63,306 | $1,417 | $156 |
| JNR Adjustment Company, Inc. 401(k) Profit Sharing Plan | JNR Adjustment Company, Inc. | MN | DC | 324 | $3.4M | $10,606 | $188 | $71.79 |
| Employee Savings & Retirement Plan | NCB Management Services, Inc. | PA | DC | 311 | $15.6M | $50,295 | $154 | $57.73 |
| Williams & Fudge, Inc. Retirement Savings Plan | Williams & Fudge, Inc. | SC | DC | 300 | $30.9M | $103,092 | $2,764 | $113 |
| CMR 401(K)/PROFIT Sharing Plan | Claims Management Resources, Inc. | OK | DC | 285 | $11.1M | $38,940 | $1,303 | $159 |
| Americollect 401(k) Plan | Americollect, Inc. | WI | DC | 284 | $12.0M | $42,125 | $1,440 | $268 |
| Phillips & Cohen Associates 401(k) Plan | Phillips & Cohen Associates, Ltd. | DE | DC | 283 | $10.8M | $38,099 | $2,117 | $215 |
| BC Services, Inc. 401(k) Plan | BC Services, Inc. | CO | DC | 267 | $10.0M | $37,366 | $39 | $15.76 |
| The Revenue Assistance Corp., 401(k) Retirement Plan | Revenue Assistance Corp. the Revenue Group | OH | DC | 254 | $6.9M | $27,204 | $508 | $168 |
| Sunrise Credit Services, Inc. 401(k) Plan | Sunrise Credit Services, Inc. | NY | DC | 212 | $14.1M | $66,466 | $163 | $162 |
| The United Collection Bureau, Inc. Savings Plan and Trust | United Collection Bureau, Inc. and Subsidiaries | OH | DC | 204 | $6.8M | $33,431 | $381 | $163 |
| Contract Callers, Inc. 401(k) Plan | Contract Callers, Inc. | GA | DC | 175 | $4.3M | $24,342 | $182 | $309 |
| Nes 401(k) Retirement Plan | National Enterprise Systems, Inc. | OH | DC | 171 | $6.4M | $37,312 | $0 | $116 |
| The Northstar Companies 401(k) Plan | Northstar Location Services, LLC | NY | DC | 169 | $4.4M | $25,972 | $338 | $137 |
| Revenue Enterprises, LLC 401(k) Plan | Revenue Enterprises, LLC | CO | DC | 165 | $4.0M | $24,427 | $1,294 | $105 |
By plan size
By state
Questions and answers
How many retirement plans are there in collection agencies?
57 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 82 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 collection agencies?
The median defined contribution plan reported $31,898 in net assets per participant (middle half of plans: $22,760 to $41,673); 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 collection agencies?
The median defined contribution plan received $748 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 collection agencies?
Among defined contribution plans that report any Schedule C compensation, the median was $124 per participant and 0.41% 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.