Connecticut › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Dec 2024 to 30 Nov 2025
Xerox Corporation Retirement Income Guarantee Plan
Sponsored by Xerox Corporation, Norwalk, CT
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. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Xerox Corporation Retirement Income Guarantee Plan is a defined benefit pension plan sponsored by Xerox Corporation of Norwalk, Connecticut. For the plan year ending 30 Nov 2025 it reported 13,458 participants, 2,271 of them active, and net assets of $1.50B.
Net assets came to $111,349 per participant, well above the $87,332 median for defined benefit plans with 5,000 to 24,999 participants and well above the $68,040 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $70.6M for the year ($31,085 per active participant) and benefits paid were $128M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 11 service provider organisations paid $5,000 or more, with reported compensation of $4.2M: $311 per participant, well above the same-size median of $233. Administrative expenses charged to the plan were $13.9M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $2.39B in 2018 to $1.50B in 2024 (down 37%), and participants from 18,027 to 13,458 (down 25%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $111,349 | $87,332 | $68,040 | $86,073 |
| Employer contributions per active participant | $31,085 | $9,482 | $6,912 | $10,170 |
| Schedule C compensation per participant | $311 | $233 | $305 | $344 |
| Schedule C compensation, share of net assets | 0.28% | 0.30% | 0.48% | 0.43% |
| Administrative expenses per participant | $1,031 | $397 | $499 | $526 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (660 plans), manufacturing (1,556) and all US plans (5,366). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 13,458 | $1.50B | $111,349 | $70.6M | — | $4.2M |
| 2023 | 13,527 | $1.45B | $107,341 | $64.4M | — | $4.5M |
| 2022 | 13,681 | $1.38B | $100,933 | $37.7M | — | $3.7M |
| 2021 | 14,102 | $1.51B | $107,397 | $4.0M | — | $4.9M |
| 2020 | 16,343 | $2.47B | $151,016 | — | — | $3.0M |
| 2019 | 17,194 | $2.66B | $154,440 | — | — | $5.4M |
| 2018 | 18,027 | $2.39B | $132,532 | — | — | $7.0M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$1,452,006,000
- Employer contributions$70,595,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$70,595,000
- Total income, including investment results$188,213,000
- Benefits paid$127,801,000
- Administrative expenses$13,881,000
- Total expenses$141,682,000
- Net income$46,531,000
- Net transfers$0
- Net assets, end of year$1,498,537,000
Participants
- Active participants2,271
- Retired or separated, receiving benefits3,855
- Retired or separated, entitled to future benefits6,806
- Total participants, end of year13,458
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Conduent Incorporated | Recordkeeping and information management | $1,631,691 | $0 |
| Aon Consulting Inc. | Accounting (including auditing); Actuarial; Consulting (general) | $684,470 | $0 |
| State Street Bank & Trust | Recordkeeping and information management; Trustee (directed) | $548,929 | $0 |
| PWC LLP | Accounting (including auditing) | $387,401 | $0 |
| Xerox Corporation | Contract Administrator | $366,113 | $0 |
| Rocaton Investment Advisors, LLC | Investment advisory (plan) | $174,395 | $0 |
| Meketa Investment Group, Inc. | Investment advisory (plan) | $131,861 | $0 |
| Deloitte & Touche | Accounting (including auditing) | $97,560 | $0 |
| Curcio Webb, LLC | Consulting (general) | $79,204 | $0 |
| Morgan Lewis & Bockius LLP | Legal | $60,557 | $0 |
| Evestment Alliance, LLC | Consulting (general) | $22,219 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$10,291,245
- Recordkeeping fees$1,740,083
- Trustee and custodial fees$443,856
- IQPA audit fees$387,401
- Contract administrator fees$366,113
- Investment advisory and management fees$306,256
- Actuarial fees$284,275
- Legal fees$61,771
- Total administrative expenses$13,881,000
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$1.47B · 98.4%
- Receivables$24.5M · 1.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmPricewaterhouseCoopers LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $15,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1FCode section 414(k) arrangement1IFrozen plan3HPlan sponsor(s) is (are) a member(s) of a controlled group3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 334110: Computer & Peripheral Equipment Mfg.
Other plans of Xerox Corporation
Similar plans in Connecticut
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Pitney Bowes Pension Plan | Pitney Bowes Inc. | 17,744 | $958M | $53,981 |
| Quad/graphics Printing Pension Plan | Quad/graphics Printing LLC | 10,033 | $278M | $27,737 |
| Boehringer Ingelheim USA Corporation & Its Affiliates Retirement Plan | Boehringer Ingelheim USA Corporation | 17,751 | $1.62B | $91,270 |
| Pension Plan for All Eligible Employees of Crane | Crane Company | 7,670 | $479M | $62,466 |
| Linde U.S. Pension Plan | Linde Inc. | 17,786 | $2.07B | $116,190 |
| Kaman Corporation Employees' Pension Plan | Kaman Corporation | 6,461 | $521M | $80,574 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Xerox Corporation Retirement Income Guarantee Plan?
13,458 participants at the end of the plan year ending 30 Nov 2025, of whom 2,271 were active employees, with net assets of $1,498,537,000. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 660 plans in plan year 2024.
What does Xerox Corporation contribute per participant?
The filing reports $70,595,000 in employer contributions for the year, which is $31,085 per active participant; the median for plans of the same type and size was $9,482 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $4,184,400 in compensation to service provider organisations, $311 per participant or 0.28% of net assets. The same-size median among plans reporting any Schedule C compensation was $233 per participant. Administrative expenses on Schedule H were $13,881,000. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Xerox Corporation. Recordkeeping or administration: Conduent Incorporated, State Street Bank & Trust and Xerox Corporation. Investment advisory or management: Rocaton Investment Advisors, LLC and Meketa Investment Group, Inc.. Trustee or custodian: State Street Bank & Trust. The financial statements were audited by PricewaterhouseCoopers LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Dec 2024 to 30 Nov 2025, received by the Department of Labor on 15 Sep 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Sep 2026. This page shows the latest filing on record for EIN 16-0468020, plan 335, received 15 Sep 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.