Industry sector · Form 5500 business code 92xxxx
Government instrumentalities: 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.
For plan year 2024, 70 retirement plans in government instrumentalities with 100 or more participants filed Form 5500: 69 defined contribution and 1 defined benefit. They reported 64,917 participant records and $3.03B in net assets, counting every plan on the form.
The median defined contribution plan held $31,445 per participant, well below the national median of $53,031, and its employer put in $1,828 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $92.55 per participant against $123 nationally.
Employers contributed $114M and participants $164M during the year, and the plans paid out $252M in benefits.
In 2009 the same group numbered 59 plans with $712M; by 2024 it was 70 plans (up 19%) and $3.03B (up 325%). 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 | $31,445 | $53,031 | $88,632 | $86,234 |
| Employer contributions per active participant | $1,828 | $2,174 | $23,294 | $10,244 |
| Schedule C compensation per participant | $92.55 | $123 | $99.09 | $344 |
| Schedule C compensation, share of net assets | 0.30% | 0.26% | 0.11% | 0.42% |
| Administrative expenses per participant | $104 | $116 | $70.02 | $527 |
Medians across plans with 100 or more participants (68 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 | $18,969 | $31,445 | $50,723 | 68 |
| Employer contributions per active participant | $1,089 | $1,828 | $3,065 | 67 |
| Schedule C compensation per participant | $30.11 | $92.55 | $147 | 66 |
| Administrative expenses per participant | $36.91 | $104 | $172 | 67 |
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 | 2 | 1,966 | $702M | $14.7M | $23.3M | $311,273 | $81.47 |
| 2024 | 70 | 64,917 | $3.03B | $114M | $164M | $31,445 | $92.55 |
| 2023 | 74 | 66,809 | $2.60B | $105M | $152M | $26,179 | $77.65 |
| 2022 | 86 | 64,246 | $2.18B | $96.4M | $136M | $22,663 | $85.41 |
| 2021 | 82 | 62,080 | $2.53B | $107M | $149M | $26,879 | $88.47 |
| 2020 | 82 | 70,965 | $2.74B | $109M | $137M | $23,028 | $64.16 |
| 2019 | 82 | 73,831 | $2.38B | $88.5M | $132M | $19,815 | $49.65 |
| 2018 | 74 | 72,439 | $1.92B | $87.3M | $120M | $17,040 | $44.47 |
| 2017 | 67 | 57,165 | $1.49B | $58.7M | $82.8M | $16,379 | $44.55 |
| 2016 | 64 | 55,698 | $1.24B | $52.7M | $75.9M | $16,428 | $39.23 |
| 2015 | 61 | 52,216 | $1.12B | $48.7M | $72.3M | $15,206 | $32.74 |
| 2014 | 66 | 52,898 | $1.12B | $52.0M | $68.8M | $14,873 | $31.60 |
| 2013 | 67 | 56,381 | $1.06B | $43.3M | $66.0M | $14,197 | $29.49 |
| 2012 | 64 | 51,753 | $817M | $39.7M | $57.6M | $11,763 | $35.92 |
| 2011 | 58 | 48,246 | $671M | $35.3M | $52.3M | $10,909 | $32.50 |
| 2010 | 57 | 46,388 | $635M | $25.0M | $43.5M | $11,230 | $22.62 |
| 2009 | 59 | 54,651 | $712M | $48.0M | $53.7M | $9,039 | $21.49 |
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 69 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 50 largest by participants of 69 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Turning Stone Enterprises, LLC 401 (K) Plan | Turning Stone Enterprises, LLC | NY | DC | 7,582 | $222M | $29,334 | $831 | $6.64 |
| Saginaw Chippewa Indian Tribe of Michigan 401(k) Profit Sharing Plan | Saginaw Chippewa Indian Tribe of Michigan | MI | DC | 5,408 | $127M | $23,476 | $986 | $22.39 |
| Salt River Community Gaming Enterprises 401(k) Plan | Salt River Community Gaming Enterprises | AZ | DC | 3,364 | $299M | $88,863 | $3,068 | $85.02 |
| Tohono O'Odham Gaming Enterprise Retirement Savings Plan | Tohono O'Odham Gaming Enterprise | AZ | DC | 3,332 | $137M | $40,981 | $3,086 | $92.87 |
| Mbci Tribal Government Enterprise 401(k) Plan | Mississippi Band of Choctaw Indians | MS | DC | 3,126 | $40.7M | $13,032 | $974 | $104 |
| Massachusetts Defined Contribution Core Plan | Commonwealth of Massachusetts Office of the Treasurer & Receiver Gener | MA | DC | 2,772 | $44.7M | $16,131 | $1,352 | $30.71 |
| Pascua Yaqui Tribe Enterprise 401(k) Plan | Pascua Yaqui Tribe | AZ | DC | 2,303 | $75.6M | $32,833 | $1,828 | $39.86 |
| Sault Tribe 401 (K) Plan | Sault Tribe | MI | DC | 2,071 | $49.8M | $24,057 | $1,228 | $88.91 |
| Swinomish Tribal Community Retirement Savings Plan | Swinomish Tribal Community | WA | DC | 1,574 | $58.3M | $37,065 | $2,103 | $40.25 |
| Nez Perce Tribe Employees Retirement Plan | Nez Perce Tribe | ID | DC | 1,519 | $61.9M | $40,746 | $1,438 | $41.97 |
| Tachi Yokut Tribe Enterprise 401(k) Plan | Tachi Yokut Tribe | CA | DC | 1,463 | $51.1M | $34,926 | $2,038 | $22.43 |
| Pueblo of Sandia Commercial Enterprises 401(k) Profit Sharing Plan and Trust | Pueblo of Sandia | NM | DC | 1,461 | $51.9M | $35,551 | $1,386 | $141 |
| Pala 401(k) Retirement Savings Plan | Pala Band of Mission Indians | CA | DC | 1,425 | $71.3M | $50,066 | $1,144 | $200 |
| Table Mountain Rancheria 401(k) Plan | Table Mountain Rancheria Band of Indians | CA | DC | 1,366 | $45.3M | $33,195 | $890 | $136 |
| Oneida Nation Enterprise 401(k) Plan | Oneida Nation | WI | DC | 1,207 | $43.3M | $35,855 | $2,563 | $170 |
| Spirit Lake Tribe 401(k) Plan | Spirit Lake Tribe | ND | DC | 1,193 | $16.9M | $14,141 | $3,386 | $138 |
| Public Company Accounting Oversight Board Investment & Savings Plan | Pcaob | DC | DC | 1,143 | $682M | $597,007 | $15,957 | $49.27 |
| Pueblo of Laguna Commercial Enterprises 401(k) Profit Sharing Plan and Trust | Pueblo of Laguna | NM | DC | 1,127 | $25.5M | $22,655 | $1,356 | $118 |
| The Colorado River Indian Tribes Retirement Plan and Trust | Colorado River Indian Tribes | AZ | DC | 1,102 | $30.4M | $27,551 | $2,521 | $114 |
| White Earth Commercial 401(k) Plan | White Earth Reservation Tribal Council | MN | DC | 1,068 | $30.2M | $28,312 | $1,956 | $102 |
| Valkyrie Enterprises 401(k) Plan | Valkyrie Enterprises, LLC | VA | DC | 974 | $87.4M | $89,705 | $5,829 | $343 |
| FSST 401(k) Plan | Flandreau Santee Sioux Tribe | SD | DC | 787 | $11.8M | $14,938 | $3,551 | $133 |
| Wyandotte Tribal Corporation 401(k) Plan | Wyandotte Tribe of Oklahoma, a Federally Chartered Corporation | OK | DC | 778 | $13.5M | $17,413 | $1,194 | $23.76 |
| The British Embassy 401(k) Plan | The British Embassy | DC | DC | 764 | $46.5M | $60,907 | $2,998 | $178 |
| Pueblo of Pojoaque 401(k) Plan | Pueblo of Pojoaque | NM | DC | 749 | $19.1M | $25,539 | $1,114 | $114 |
| Bay Mills Indian Community 401(k) Plan | Bay Mills Indian Community | MI | DC | 658 | $12.2M | $18,474 | $741 | $50.43 |
| Yavapai Apache Nation Enterprise 401(k) Retirement Plan | Yavapai Apache Nation | AZ | DC | 630 | $7.5M | $11,829 | $472 | $14.43 |
| Squaxin Island Tribe and Island Enterprise 401(k) Plan | Squaxin Island Tribe | WA | DC | 615 | $28.4M | $46,132 | $3,061 | $122 |
| Apco Worldwide LLC 401(k) Plan | Apco Worldwide LLC | DC | DC | 603 | $53.7M | $89,133 | $2,574 | $20.93 |
| Community Care of North Carolina, Inc. 401(k) Plan | Community Care of North Carolina, Inc. | NC | DC | 573 | $39.6M | $69,071 | $4,621 | $61.61 |
| Sac & Fox of the Mississippi in Iowa/meskwaki Retirement Plan | Sac & Fox Tribe of the Mississippi in Iowa | IA | DC | 559 | $24.4M | $43,713 | $1,887 | $38.26 |
| Jamestown S'Klallam Tribe 401(k) Profit Sharing Plan | Jamestown S'Klallam Tribe | WA | DC | 526 | $34.5M | $65,646 | $4,529 | $273 |
| Veritas HHS 401(k) Plan | Veritas HHS, LLC | CO | DC | 513 | $6.6M | $12,908 | $1,242 | $15.09 |
| White Mountain Apache Tribe Enterprise 401(k) Plan | White Mountain Apache Tribe | AZ | DC | 490 | $4.4M | $8,980 | — | $12.85 |
| 403(b) Thrift Plan of Delta Area Economic Opportunity Corporation | Delta Area Economic Opportunity Corporation | MO | DC | 489 | $5.2M | $10,648 | $1,118 | $71.73 |
| Redding Rancheria Enterprise 401(k) Plan | Redding Rancheria | CA | DC | 485 | $25.6M | $52,692 | $2,467 | $29.94 |
| Salt River Materials Group 401(k) Plan | Salt River Materials Group | AZ | DC | 462 | $89.3M | $193,375 | $9,789 | $131 |
| Lac Du Flambeau Band of Lake Superior Chippewa Indians Enterprise 401(k) Plans | Lac Du Flambeau Band of Lake Superior Chippewa Indians | WI | DC | 454 | $13.1M | $28,827 | $1,299 | $148 |
| 401(k) Profit-Sharing Plan for Employees of Kickapoo Tribe of Oklahoma | Kickapoo Tribe of Oklahoma | OK | DC | 447 | $16.0M | $35,704 | $1,731 | $6.64 |
| Explorus 401(k) Retirement Plan | Ortega National Parks, LLC DBA Explorus | KS | DC | 431 | $2.7M | $6,204 | $643 | $30.60 |
| Stockbridge-Munsee Community Enterprise 401(k) Plan | Stockbridge-Munsee Community | WI | DC | 399 | $11.0M | $27,653 | $920 | $28.38 |
| Tonto Apache Tribe Retirement Plan | Tonto Apache Tribe | AZ | DC | 359 | $8.3M | $23,014 | $871 | $128 |
| Taos Pueblo 401(k) Profit Sharing Plan | Taos Pueblo | NM | DC | 348 | $9.5M | $27,363 | $2,095 | $7.44 |
| 401(k) Plan for Locally-Hired, Us-Based Employees of the Government of the French Republic | Embassy of the Government of the French Republic | DC | DC | 312 | $6.2M | $19,792 | $973 | $8.49 |
| U.S. Dutch Missions Savings Plan | Kingdom of the Netherlands, As Represented by Its Ambassador in the Un | DC | DC | 296 | $31.9M | $107,846 | $9,516 | $6.95 |
| Cfdfc 401(k) Plan | Central Falls Detention Facility | RI | DC | 279 | $8.5M | $30,540 | $1,500 | $164 |
| The Black Hawk Casino 401(k) Plan | Sauk Business Enterprises | OK | DC | 275 | $1.3M | $4,786 | $765 | $62.16 |
| Winnebago Tribe of Nebraska Commercial Enterprise Retirement Plan | Winnebago Tribe of Nebraska | NE | DC | 273 | $3.3M | $11,976 | $528 | $25.37 |
| National Association of Government Employees and O Retirement Plan | National Association of Government Employees | MA | DB | 263 | $23.3M | $88,632 | $23,294 | $99.09 |
| Fhlbank Dallas 401(k) Retirement Plan | Federal Home Loan Bank of Dallas | TX | DC | 256 | $76.7M | $299,440 | $9,047 | $128 |
By plan size
By state
Business codes in this sector
| Code | Principal business activity | Plans 100+ | Participants | Net assets |
|---|---|---|---|---|
| 921000 | Governmental Instrumentality or Agency | 70 | 64,917 | $3.03B |
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 government instrumentalities?
70 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 83 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 government instrumentalities?
The median defined contribution plan reported $31,445 in net assets per participant (middle half of plans: $18,969 to $50,723); 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 government instrumentalities?
The median defined contribution plan received $1,828 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 government instrumentalities?
Among defined contribution plans that report any Schedule C compensation, the median was $92.55 per participant and 0.30% 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.