Plan-size band · total participants at plan year end
Plans with 25,000 or more participants
The same-size peer group used on every plan page in this band.
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.
823 retirement plans with 25,000 or more participants with 100 or more participants filed Form 5500 for plan year 2024 (608 defined contribution, 215 defined benefit). All Form 5500 pension filers in the group reported 60,251,333 participant records and $5.25T in net assets.
The median defined contribution plan held $62,774 per participant, above the national median of $53,031, and its employer put in $2,417 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $36.41 per participant against $123 nationally.
Employers contributed $116.4B and participants $148.9B during the year, and the plans paid out $437.1B in benefits.
In 2009 the same group numbered 699 plans with $2.33T; by 2024 it was 823 plans (up 18%) and $5.25T (up 126%). 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 | Band: DC | US: DC | Band: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $62,774 | $53,031 | $88,040 | $86,234 |
| Employer contributions per active participant | $2,417 | $2,174 | $6,524 | $10,244 |
| Schedule C compensation per participant | $36.41 | $123 | $143 | $344 |
| Schedule C compensation, share of net assets | 0.07% | 0.26% | 0.26% | 0.42% |
| Administrative expenses per participant | $38.81 | $116 | $306 | $527 |
Medians across plans with 100 or more participants (608 DC and 215 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 | $22,510 | $62,774 | $154,187 | 608 |
| Employer contributions per active participant | $759 | $2,417 | $5,206 | 581 |
| Schedule C compensation per participant | $17.42 | $36.41 | $59.45 | 570 |
| Administrative expenses per participant | $18.12 | $38.81 | $62.48 | 573 |
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 | 98 | 7,496,631 | $1.08T | $21.4B | $36.1B | $112,455 | $41.52 |
| 2024 | 823 | 60,251,333 | $5.25T | $116.4B | $148.9B | $62,774 | $36.41 |
| 2023 | 802 | 58,250,110 | $4.78T | $109.0B | $137.8B | $60,141 | $36.41 |
| 2022 | 798 | 56,956,653 | $4.27T | $102.0B | $126.9B | $55,277 | $38.58 |
| 2021 | 763 | 54,845,589 | $5.04T | $90.3B | $114.1B | $66,491 | $39.87 |
| 2020 | 729 | 52,693,397 | $4.59T | $102.9B | $100.6B | $61,573 | $37.45 |
| 2019 | 742 | 51,737,878 | $4.11T | $99.3B | $93.5B | $54,264 | $35.70 |
| 2018 | 707 | 49,594,366 | $3.47T | $90.0B | $83.3B | $48,815 | $34.76 |
| 2017 | 705 | 49,169,554 | $3.66T | $123.0B | $75.5B | $52,894 | $33.99 |
| 2016 | 704 | 49,271,198 | $3.27T | $100.1B | $71.2B | $48,272 | $34.25 |
| 2015 | 693 | 52,837,792 | $3.11T | $84.9B | $68.3B | $45,939 | $29.07 |
| 2014 | 679 | 48,035,967 | $3.20T | $78.6B | $63.0B | $49,256 | $25.16 |
| 2013 | 674 | 46,899,862 | $3.03T | $86.0B | $58.0B | $50,965 | $25.57 |
| 2012 | 685 | 47,280,123 | $2.76T | $85.4B | $54.3B | $42,014 | $23.99 |
| 2011 | 684 | 46,725,927 | $2.47T | $87.0B | $50.5B | $39,280 | $22.03 |
| 2010 | 668 | 46,270,932 | $2.48T | $86.6B | $46.0B | $37,490 | $22.14 |
| 2009 | 699 | 48,057,255 | $2.33T | $81.0B | $46.0B | $32,320 | $20.82 |
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 821 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 50 largest by participants of 821 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Walmart 401(k) Plan | Walmart Inc. | AR | DC | 1,970,230 | $50.7B | $25,757 | $1,092 | $20.94 |
| Amazon 401(k) Plan | Amazon.com Services, LLC | WA | DC | 1,343,800 | $34.6B | $25,742 | $759 | $5.02 |
| National Electrical Benefit Fund | Trustees of the National Electrical Benefit Fund | MD | DB | 736,031 | $20.8B | $28,304 | $2,845 | $75.74 |
| Paychex Pooled Employer 401(k) Plan | Paychex Retirement LLC | NY | DC | 661,036 | $1.77B | $2,675 | $272 | $21.87 |
| Western Conference of Teamsters Pension Plan | Western Conference of Teamsters Pension Trust Fund Board of Trustees | WA | DB | 639,222 | $55.8B | $87,237 | $11,442 | $712 |
| Int'l Brotherhood of Electrical Workers' Pension Benefit Fund | International Brotherhood of Electrical Workers' Pension Benefit Fund | DC | DC | 603,067 | $2.71B | $4,494 | — | $17.32 |
| Target Corporation 401(k) Plan | Target Corporation | MN | DC | 495,482 | $14.4B | $29,085 | $894 | — |
| The Teamster - UPS National 401(k) Tax Deferred Savings Plan | Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan | GA | DC | 478,185 | $19.3B | $40,377 | — | $13.33 |
| The Home Depot Futurebuilder | The Home Depot, Inc. | GA | DC | 468,817 | $15.7B | $33,465 | $672 | $43.78 |
| The Kroger Co. 401(k) Retirement Savings Account Plan | The Kroger Co. | OH | DC | 411,922 | $11.8B | $28,667 | $728 | $6.61 |
| Express Employment Professionals 401(k) Retirement Savings Plan | Express Services, Inc. | OK | DC | 400,441 | $2.5M | $6 | $0 | $0.04 |
| CVS Health Future Fund 401(k) Plan | CVS Health Corporation | RI | DC | 385,927 | $30.1B | $77,896 | $1,778 | $114 |
| HCA 401(k) Plan | HCA Inc. | TN | DC | 379,101 | $23.8B | $62,813 | $2,160 | — |
| UFCW Consolidated Pension Fund | BD of Trustees UFCW Consolidated Pension Fund | GA | DB | 347,574 | $5.53B | $15,921 | $365 | $73.60 |
| ADP Totalsource Retirement Savings Plan | ADP Totalsource Group, Inc. | FL | DC | 335,802 | $9.19B | $27,367 | $1,268 | $76.44 |
| Central States, Southeast & Southwest Areas Pension Plan | Trustees of Central States, SE and SW Areas Pension Fund | IL | DB | 332,020 | $38.3B | $115,490 | $11,942 | $103 |
| Compass Group Retirement Plan | Compass Group USA, Inc. | NC | DC | 312,914 | $2.48B | $7,913 | $207 | $13.95 |
| IAM National Pension Fund | Board of Trustees of the I.A.M. National Pension Fund | DC | DB | 311,750 | $14.7B | $47,179 | $6,224 | $189 |
| The TJX Companies, Inc. 401(k) Savings Plan | The TJX Companies, Inc. | MA | DC | 311,623 | $3.66B | $11,747 | $376 | $3.21 |
| General Motors Hourly-Rate Employees Pension Plan | General Motors LLC | MI | DB | 310,099 | $35.6B | $114,719 | $0 | — |
| JPMorgan Chase 401(k) Savings Plan | JPMorgan Chase Bank, National Association | NJ | DC | 300,272 | $52.4B | $174,384 | $6,810 | $72.73 |
| Starbucks Corporation 401(k) Plan | Starbucks Corporation | WA | DC | 299,619 | $4.89B | $16,324 | $832 | $12.08 |
| 1199SEIU Health Care Employees Pension Fund | Board of Trustees of 1199SEIU Health Care Employees Pension Fund | NY | DB | 296,800 | $16.1B | $54,361 | $8,148 | $407 |
| Lowes 401(k) Plan | Lowe's Companies, Inc. | NC | DC | 295,951 | $8.58B | $29,008 | $741 | $4.23 |
| FedEx Corporation Retirement Savings Plan II | FedEx Corporation | TN | DC | 290,909 | $3.52B | $12,085 | $2,081 | $10.47 |
| RTX Consolidated Pension Plan | RTX Corporation | CT | DB | 281,638 | $41.6B | $147,862 | $161 | $82.91 |
| Costco 401(k) Retirement Plan | Costco Wholesale Corporation | WA | DC | 279,798 | $41.5B | $148,406 | $3,384 | $20.12 |
| AT&T Pension Benefit Plan | AT&T Inc. | TX | DB | 274,710 | $28.3B | $102,894 | $4,298 | — |
| Unitedhealth Group 401(k) Savings Plan | Unitedhealth Group Incorporated | MN | DC | 262,812 | $30.3B | $115,375 | $3,650 | $16.21 |
| Wells Fargo & Company 401(k) Plan | Wells Fargo & Company | MN | DC | 255,580 | $57.9B | $226,493 | $6,154 | $41.08 |
| Walgreens Retirement Savings Plan | Walgreen Co. | IL | DC | 254,452 | $14.5B | $57,126 | $1,067 | $15.50 |
| UPS Pension Plan | United Parcel Service of America, Inc. | GA | DB | 246,785 | $9.28B | $37,605 | $1,940 | $13.07 |
| The Bank of America 401(k) Plan | Bank of America Corporation | NC | DC | 246,394 | $71.5B | $290,173 | $7,748 | — |
| Publix Super Markets, Inc. 401(k) Smart Plan | Publix Super Markets, Inc. | FL | DC | 239,138 | $8.06B | $33,687 | $239 | $12.19 |
| Trinet 401(k) Plan | Trinet HR III, Inc. | CA | DC | 238,170 | $8.71B | $36,572 | $1,842 | $53.27 |
| Albertsons Companies 401(k) Plan | Albertsons Companies, Inc. | CA | DC | 236,172 | $8.03B | $34,010 | $333 | $21.97 |
| Central Pension Fund of the IUOE & Participating Employers | Board of Trustees of the CPF of the IUOE and Participating Employers | DC | DB | 233,478 | $27.4B | $117,266 | $11,930 | $133 |
| Insperity 401(k) Plan | Insperity Holdings, Inc. | TX | DC | 231,912 | $9.38B | $40,467 | $2,437 | $40.78 |
| Allied Universal 401(k) Plan | Universal Services of America, LP | CA | DC | 231,285 | $681M | $2,946 | $58 | $11.67 |
| The Boeing Company 401(k) Retirement Plan | The Boeing Co. and Consolidated Subsidiaries | VA | DC | 217,061 | $73.8B | $340,156 | $9,911 | — |
| Publix Super Markets, Inc. Employee Stock Ownership Plan & Trust | Publix Super Markets, Inc. | FL | DC | 214,426 | $14.3B | $66,626 | — | — |
| RTX Savings Plan | RTX Corporation | CT | DC | 214,241 | $58.6B | $273,696 | $8,775 | $45.85 |
| FedEx Corporation Employees' Pension Plan | FedEx Corporation | TN | DB | 213,710 | $26.9B | $125,665 | $2,428 | $48.01 |
| Darden Savings Plan | Darden Restaurants, Inc. | FL | DC | 210,222 | $1.59B | $7,540 | $222 | $8.48 |
| Kaiser Permanente Retirement Plan | Kaiser Foundation Health Plan, Inc. | CA | DB | 205,262 | $34.4B | $167,716 | $4,938 | — |
| United Food & Commercial Workers Intl Union - Industry Pension Fund | Trustees of UFCW Int'l Union - Industry Pension Fund | IL | DB | 204,155 | $8.12B | $39,755 | $1,787 | $125 |
| JPMorgan Chase Retirement Plan | JPMorgan Chase Bank, National Association | NJ | DB | 202,919 | $14.6B | $71,770 | $0 | $222 |
| Dollar General Corp. 401(k) Savings and Retirement Plan | Dollar General Corporation | TN | DC | 201,691 | $825M | $4,088 | $195 | $9.67 |
| Southern California UFCW Unions and Food Employers Joint Pension Trust Fund | Board of Trustees, So Ca UFCW Unions & Food Employers | CA | DB | 199,927 | $6.49B | $32,464 | $5,496 | $93.29 |
| United Association National Pension Fund | B/o/t United Association National Pension Fund | VA | DB | 196,837 | $7.70B | $39,122 | $5,521 | $88.19 |
By state
Questions and answers
How many retirement plans are there with 25,000 or more participants?
823 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 823 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 with 25,000 or more participants?
The median defined contribution plan reported $62,774 in net assets per participant (middle half of plans: $22,510 to $154,187); 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 with 25,000 or more participants?
The median defined contribution plan received $2,417 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 with 25,000 or more participants?
Among defined contribution plans that report any Schedule C compensation, the median was $36.41 per participant and 0.07% 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. Bands use total participants at plan year end (Form 5500 line 6f). See the methodology.