District of Columbia › Health care and social assistance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
American Red Cross Savings Plan
Sponsored by American National Red Cross, Washington, DC
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.
In the plan year ending 31 Dec 2024, American Red Cross Savings Plan covered 24,260 participants and held $1.74B in net assets. The plan is a 401(k) plan sponsored by American National Red Cross of Washington, District of Columbia.
Net assets came to $71,764 per participant, above the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $48.7M during the year, or $2,721 per active participant against a same-size median of $2,424; participants contributed $92.4M and $4.8M arrived as rollovers and other contributions. Benefits paid out totalled $127M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $2.6M: $106 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $2.6M. 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 $448M in 2009 to $1.74B in 2024 (up 288%), and participants from 37,227 to 24,260 (down 35%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $71,764 | $64,499 | $30,764 | $53,102 |
| Employer contributions per active participant | $2,721 | $2,424 | $1,536 | $2,175 |
| Schedule C compensation per participant | $106 | $53.38 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.15% | 0.09% | 0.31% | 0.26% |
| Administrative expenses per participant | $106 | $54.85 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), health care and social assistance (9,402) and all US plans (63,460). 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 | 24,260 | $1.74B | $71,764 | $48.7M | $92.4M | $2.6M |
| 2023 | 24,444 | $1.53B | $62,576 | $40.4M | $82.9M | $2.5M |
| 2022 | 24,120 | $1.31B | $54,136 | $37.1M | $78.8M | $2.1M |
| 2021 | 23,912 | $1.54B | $64,462 | $31.5M | $74.9M | $2.4M |
| 2020 | 24,382 | $1.36B | $55,843 | $34.4M | $72.9M | $2.2M |
| 2019 | 25,122 | $1.22B | $48,653 | $33.2M | $69.8M | $1.6M |
| 2014 | 34,048 | $874M | $25,674 | $68.7M | $65.9M | $3.7M |
| 2013 | 34,799 | $817M | $23,471 | $56.7M | $63.0M | $3.6M |
| 2012 | 35,374 | $644M | $18,216 | $40.0M | $59.1M | $3.5M |
| 2011 | 37,451 | $518M | $13,825 | $2.6M | $47.6M | $2.8M |
| 2010 | 37,407 | $521M | $13,927 | $662K | $42.6M | $2.7M |
| 2009 | 37,227 | $448M | $12,038 | $10.1M | $47.6M | $2.4M |
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$1,529,601,128
- Employer contributions$48,678,483
- Participant contributions$92,443,366
- Rollovers and other contributions$4,789,043
- Total contributions$145,910,892
- Total income, including investment results$341,179,461
- Benefits paid$126,860,417
- Administrative expenses$2,569,795
- Total expenses$129,797,954
- Net income$211,381,507
- Net transfers$0
- Net assets, end of year$1,740,982,635
Participants
- Active participants17,892
- Retired or separated, receiving benefits62
- Retired or separated, entitled to future benefits6,176
- Participants with account balances22,277
- Total participants, end of year24,260
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Edelman Financial Engines LLC | Investment advisory (participants) | $1,287,309 | $0 |
| Alight Financial Solutions, LLC | Securities brokerage; Recordkeeping and information management | $911,878 | $29,275 |
| Northern Trust Inc. | Trustee (bank, trust company, or similar financial institution) | $209,004 | $0 |
| KPMG LLP | Accounting (including auditing) | $102,400 | $0 |
| Groom Law Group | Legal | $24,530 | $0 |
| Pershing LLC | Securities brokerage | $0 | $9,463 |
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
- Investment advisory and management fees$1,287,309
- Recordkeeping fees$911,878
- Trustee and custodial fees$209,004
- IQPA audit fees$102,400
- Legal fees$59,180
- Other administrative expenses$24
- Total administrative expenses$2,569,795
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.
- Common/collective trusts$1.58B · 90.9%
- Registered investment companies (mutual funds)$119M · 6.8%
- Participant loans$23.5M · 1.3%
- Corporate stocks$11.6M · 0.7%
- Cash (interest and non-interest bearing)$3.5M · 0.2%
- Receivables$1.3M · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmKPMG LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the yearNo
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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2RParticipant-directed brokerage accounts provided as an investment option under the plan2TTotal or partial participant-directed account plan with a default investment account3JU.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 624200: Community Food & Housing, & Emergency & Other Relief Services.
Other plans of American National Red Cross
| Plan | Participants | Net assets |
|---|---|---|
| Retirement System of the American National Red Cross | 12,367 | $1.07B |
Similar plans in District of Columbia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| CNMC Affiliates' 401(k) Retirement Plan | Children's National Hospital | 11,428 | $1.33B | $116,053 |
| Sibley Memorial Hospital 401(k) Plan | Sibley Memorial Hospital | 2,948 | $228M | $77,504 |
| Sibley Memorial Hospital 403(b) Plan | Sibley Memorial Hospital | 2,912 | $10.2M | $3,492 |
| Mid-Atlantic Permanente Medical Group, P.C. 401(k) Plan | Mid-Atlantic Permanente Medical Group, PC | 2,778 | $1.13B | $406,234 |
| Unity Health Care, Inc. 403(b) Plan | Unity Health Care, Inc. | 1,599 | $58.0M | $36,255 |
| Ppfa Retirement Plan | Community Outreach Group | 1,246 | — | — |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is American Red Cross Savings Plan?
24,260 participants at the end of the plan year ending 31 Dec 2024, of whom 17,892 were active employees, with net assets of $1,740,982,635. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does American National Red Cross contribute per participant?
The filing reports $48,678,483 in employer contributions for the year, which is $2,721 per active participant; the median for plans of the same type and size was $2,424 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 $2,573,859 in compensation to service provider organisations, $106 per participant or 0.15% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $2,569,795. 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 American National Red Cross. Recordkeeping or administration: Alight Financial Solutions, LLC. Investment advisory or management: Edelman Financial Engines LLC. Trustee or custodian: Northern Trust Inc.. The financial statements were audited by KPMG 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 17 Sep 2025. 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 Aug 2026. This page shows the latest filing on record for EIN 53-0196605, plan 008, received 17 Sep 2025; 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.