State · sponsors with a Indiana filing address
Retirement plans in Indiana
Form 5500 filings for plan years 2009 to 2025; medians for plan year 2024.
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. A plan is counted in the state of its sponsor's address, not where its participants live.
1,431 retirement plans based in Indiana with 100 or more participants filed Form 5500 for plan year 2024 (1,337 defined contribution, 94 defined benefit). All Form 5500 pension filers in the group reported 1,723,446 participant records and $145.9B in net assets.
The median defined contribution plan held $48,723 per participant, below the national median of $53,031, and its employer put in $1,833 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $133 per participant against $123 nationally.
Employers contributed $3.65B and participants $4.93B during the year, and the plans paid out $12.6B in benefits.
In 2009 the same group numbered 1,667 plans with $53.8B; by 2024 it was 1,431 plans (down 14%) and $145.9B (up 171%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Beyond the full-form filers, 10,605 small plans based in Indiana filed the short Form 5500-SF for 2024, with 324,135 participants and $18.6B in net assets. Small plans are counted here and nowhere else on this site.
Medians compared with all US plans
| Median plan, plan year 2024 | IN: DC | US: DC | IN: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $48,723 | $53,031 | $73,939 | $86,234 |
| Employer contributions per active participant | $1,833 | $2,174 | $10,100 | $10,244 |
| Schedule C compensation per participant | $133 | $123 | $322 | $344 |
| Schedule C compensation, share of net assets | 0.31% | 0.26% | 0.45% | 0.42% |
| Administrative expenses per participant | $125 | $116 | $458 | $527 |
Medians across plans with 100 or more participants (1,275 DC and 94 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 | $25,509 | $48,723 | $91,725 | 1,275 |
| Employer contributions per active participant | $958 | $1,833 | $3,358 | 1,242 |
| Schedule C compensation per participant | $61.04 | $133 | $239 | 1,180 |
| Administrative expenses per participant | $50.93 | $125 | $225 | 1,216 |
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 | 230 | 263,394 | $31.7B | $671M | $1.10B | $68,159 | $148 |
| 2024 | 1,431 | 1,723,446 | $145.9B | $3.65B | $4.93B | $48,723 | $133 |
| 2023 | 1,445 | 1,694,686 | $133.6B | $3.57B | $4.63B | $43,507 | $118 |
| 2022 | 1,639 | 1,698,477 | $118.2B | $3.36B | $4.39B | $33,178 | $114 |
| 2021 | 1,612 | 1,628,997 | $136.3B | $2.94B | $3.85B | $40,674 | $117 |
| 2020 | 1,615 | 1,597,058 | $124.5B | $2.90B | $3.52B | $37,604 | $100 |
| 2019 | 1,632 | 1,626,835 | $110.1B | $3.05B | $3.40B | $32,214 | $89.75 |
| 2018 | 1,605 | 1,640,618 | $94.1B | $2.95B | $3.12B | $27,548 | $79.67 |
| 2017 | 1,598 | 1,569,008 | $99.2B | $3.02B | $2.88B | $31,531 | $76.61 |
| 2016 | 1,590 | 1,592,975 | $88.8B | $3.18B | $2.65B | $28,495 | $61.81 |
| 2015 | 1,583 | 1,608,662 | $82.8B | $2.38B | $2.51B | $27,119 | $55.16 |
| 2014 | 1,604 | 1,530,154 | $82.3B | $2.36B | $2.26B | $27,880 | $50.21 |
| 2013 | 1,586 | 1,520,757 | $78.7B | $2.29B | $2.03B | $27,000 | $41.14 |
| 2012 | 1,589 | 1,475,213 | $68.6B | $2.61B | $1.93B | $23,449 | $42.42 |
| 2011 | 1,612 | 1,463,213 | $61.5B | $2.84B | $1.85B | $21,587 | $41.05 |
| 2010 | 1,602 | 1,461,583 | $60.6B | $2.46B | $1.72B | $22,289 | $42.28 |
| 2009 | 1,667 | 1,477,775 | $53.8B | $2.49B | $1.68B | $20,173 | $40.30 |
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 1,437 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 60 largest by participants of 1,437 plans with a page on this site.
| Plan | Sponsor | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|
| Elevance Health 401(k) Plan | Ath Holding Company, LLC | DC | 94,427 | $12.1B | $128,246 | $4,249 | $66.74 |
| Iu Health 401(k) Savings Plan | Indiana University Health Inc. | DC | 51,880 | $4.48B | $86,372 | $3,052 | $56.16 |
| The Lilly Retirement Plan | Eli Lilly and Company | DB | 49,943 | $11.8B | $236,128 | — | $60.10 |
| Cummins Pension Plan | Cummins Inc. | DB | 44,593 | $3.20B | $71,650 | — | $208 |
| Cummins Retirement and Savings Plan | Cummins Inc. | DC | 37,997 | $7.49B | $197,130 | $3,905 | — |
| The Lilly Employee 401(k) Plan | Eli Lilly and Company | DC | 31,411 | $13.0B | $415,085 | $7,928 | $75.53 |
| Indiana Laborers Pension Fund | Board of Trustees - Indiana Laborers Pension Fund | DB | 28,807 | $1.81B | $62,998 | $10,385 | $268 |
| Forest River, Inc. 401(k) Plan | Forest River, Inc. | DC | 23,317 | $126M | $5,417 | $0 | $12.89 |
| Elevance Health Cash Balance Plan a | Ath Holding Company LLC | DB | 22,757 | $1.24B | $54,367 | — | $138 |
| Community Health Network 401(k) Retirement Plan | Community Health Network, Inc. | DC | 20,469 | $1.64B | $80,050 | $3,728 | $113 |
| Berry Global Employees 401(k) Retirement Plan | Berry Global, Inc. | DC | 20,171 | $1.10B | $54,403 | $1,170 | $42.56 |
| The Finish Line, Inc. Profit Sharing and 401(k) Plan | The Finish Line, Inc. | DC | 19,704 | $101M | $5,123 | $170 | $17.08 |
| Toyota Industries North America Group Associates' 401(k) Retirement Plan | Toyota Industries North America, Inc. | DC | 19,019 | $1.37B | $71,961 | $2,794 | $83.81 |
| Parkview Health System, Inc. 403(b) Plan | Parkview Health System, Inc. | DC | 18,129 | $928M | $51,216 | — | $4.93 |
| Parkview Health System, Inc. Retirement Savings Plan | Parkview Health System, Inc. | DC | 18,075 | $794M | $43,954 | $4,571 | $3.38 |
| Thor Industries, Inc. 401(k) Plan | Thor Industries, Inc. | DC | 17,498 | $189M | $10,804 | $188 | $15.81 |
| Indiana Laborers Defined Contribution Trust Fund | Board of Trustees - Indiana Laborers DC Plan | DC | 15,678 | $59.7M | $3,809 | $612 | $29.69 |
| University of Notre Dame 403(b) Retirement Plan | University of Notre Dame Du Lac | DC | 14,950 | $2.94B | $196,576 | $5,448 | $34.15 |
| Deaconess Health System, Inc. 401(k) Plan | Deaconess Health System, Inc. | DC | 14,681 | $855M | $58,211 | $1,634 | $23.83 |
| Elwood Staffing Services, Inc. 401(k) Retirement Plan | Elwood Staffing Services, Inc. | DC | 13,478 | $35.0M | $2,600 | $116 | $8.42 |
| Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan | Steel Dynamics, Inc. | DC | 12,401 | $3.00B | $241,629 | $18,382 | $47.55 |
| Usic 401(k) Savings Plan | Usic, LLC | DC | 12,318 | $207M | $16,783 | $649 | $39.18 |
| Aisin Retirement Security Plan | Aisin Holdings of America, Inc. | DC | 11,941 | $571M | $47,821 | $1,839 | $68.83 |
| Lippert Components, Inc. Employee Retirement Savings Plan | Lippert Components, Inc. | DC | 11,151 | $371M | $33,242 | $1,193 | $50.21 |
| Cook Group Inc. Profit Sharing Plan | Cook Group Incorporated | DC | 11,019 | $1.38B | $124,861 | $5,264 | $32.60 |
| Onemain 401(k) Plan | Onemain General Services Corporation | DC | 10,951 | $651M | $59,414 | $2,120 | $80.54 |
| Beacon Retirement Savings 403(b) Plan | Beacon Health System, Inc. | DC | 10,766 | $695M | $64,548 | $2,348 | $83.18 |
| American Senior Communities, L.L.C. Retirement Savings Plan | American Senior Communities, L.L.C. | DC | 10,534 | $123M | $11,693 | $74 | $11.48 |
| Zimmer Biomet Holdings, Inc. Savings and Investment 401(k) Program | Zimmer Biomet Holdings, Inc. | DC | 10,439 | $1.68B | $160,535 | $4,871 | $103 |
| Nisource Inc. Retirement Savings Plan | Nisource Inc. | DC | 10,216 | $2.35B | $230,469 | $7,957 | $11.73 |
| Community Foundation of Northwest Indiana 403(b) Retirement Plan | Community Foundation of Northwest Indiana, Inc. | DC | 10,067 | $440M | $43,735 | $0 | $39.32 |
| Patrick Industries, Inc. 401(k) Employee Savings Plan | Patrick Industries, Inc. | DC | 9,494 | $157M | $16,539 | $1,200 | $58.70 |
| Cfni Retirement Plan | Community Foundation of Northwest Indiana, Inc. | DC | 8,493 | $233M | $27,485 | $2,713 | $29.70 |
| Republic Airways Holdings Inc. 401(k) Plan | Republic Airways Holdings Inc. | DC | 8,136 | $578M | $70,990 | $4,378 | $57.19 |
| Sia Retirement Plan | Subaru of Indiana Automotive, Inc. | DC | 7,711 | $1.01B | $130,785 | $6,520 | $132 |
| Worksmart Systems, Inc. 401(K)PROFIT Sharing Plan and Trust | Worksmart Systems, Inc. | DC | 7,594 | $327M | $43,121 | $1,635 | $7.64 |
| Crowe LLP Retirement Plan | Crowe LLP | DC | 7,442 | $1.33B | $178,751 | $2,908 | $67.08 |
| International Union of Operating Engineers Local 841 Qualified Savings Plan | Trustees of the International Union of Operating Engineers | DC | 7,071 | $160M | $22,695 | $2,855 | $63.01 |
| Goodwill of Central and Southern Indiana Inc. Employee Retirement Savings Plan | Goodwill of Central and Southern Indiana Inc. | DC | 6,986 | $31.1M | $4,450 | $0 | $31.54 |
| Schlage Lock Company LLC Employee Savings Plan | Schlage Lock Company LLC | DC | 6,632 | $976M | $147,175 | $6,448 | $82.96 |
| Teamsters Union No. 142 Pension Fund | Trustees of Teamsters Union No. 142 Pension Fund | DB | 6,610 | $637M | $96,396 | $12,002 | $336 |
| Nisource Pension Plan | Northern Indiana Public Service Company | DB | 6,549 | $1.00B | $153,142 | — | $325 |
| Schwarz Partners LP 401(k) Profit Sharing Plan | Schwarz Partners LP | DC | 6,320 | $282M | $44,620 | $2,413 | $101 |
| WLS 401(k) Plan | White Lodging Services Corporation | DC | 6,294 | $73.9M | $11,739 | $220 | $24.62 |
| Construction Workers Pension Trust Fund - Lake County and Vicinity Pension Plan | Trustees of Construction Workers - Lake County Pension | DB | 6,258 | $590M | $94,211 | $13,287 | $281 |
| Cooperative Savings Plan | Cooperative Pension/savings Board | DC | 5,971 | $498M | $83,356 | $3,085 | $186 |
| Wabash National Corp. 401(k) Plan | Wabash National Corp. | DC | 5,748 | $337M | $58,603 | $1,392 | $84.37 |
| Ici Multiple Employer Plan | Independent Colleges of Indiana Association, Inc. | DC | 5,622 | $481M | $85,489 | $3,128 | $193 |
| Cooperative Pension Plan | Cooperative Pension / Savings Board | DB | 5,429 | $229M | $42,180 | $7,955 | $259 |
| Bucher & Christian Consulting, Inc. 401(k) Plan | Bucher & Christian Consulting, Inc. | DC | 5,399 | $20.3M | $3,760 | — | $11.61 |
| The Old National Bancorp Employee Stock Ownership and Savings Plan | Old National Bancorp | DC | 5,293 | $733M | $138,505 | $4,892 | $41.69 |
| Union Health 403(B)RETIREMENT Plan | Union Hospital, Inc. | DC | 5,145 | $233M | $45,255 | $2,374 | $66.02 |
| Hopebridge, LLC 401(k) Plan | Hopebridge, LLC | DC | 5,124 | $16.1M | $3,148 | — | $26.84 |
| Openlane, Inc. 401(k) Plan | Openlane, Inc. | DC | 5,109 | $315M | $61,595 | $3,002 | $49.93 |
| Ardagh North America Bargaining 401(k) Plan | Ardagh Glass Inc. | DC | 5,109 | $400M | $78,250 | $4,016 | $31.12 |
| Eight Eleven Group, LLC. 401(k) Profit Sharing Trust | Eight Eleven Group, LLC. | DC | 5,043 | $96.0M | $19,043 | $1,212 | $41.91 |
| Butler University Retirement Plan | Butler University | DC | 5,017 | $373M | $74,431 | $2,038 | $58.84 |
| Jasper Holdings, Inc. 401(k) Plan | Jasper Holdings, Inc. | DC | 4,975 | $396M | $79,539 | $1,761 | $96.75 |
| Jasper Holdings, Inc. Employee Stock Ownership Plan and Trust | Jasper Holdings, Inc. | DC | 4,963 | $2.20B | $443,014 | $4,248 | — |
| Cno 401(k) Plan | Cno Services, LLC | DC | 4,910 | $680M | $138,574 | $3,565 | $131 |
By plan size
By industry
By plan year
Questions and answers
How many retirement plans are there in Indiana?
1,431 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 2,266 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 Indiana?
The median defined contribution plan reported $48,723 in net assets per participant (middle half of plans: $25,509 to $91,725); 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 Indiana?
The median defined contribution plan received $1,833 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 Indiana?
Among defined contribution plans that report any Schedule C compensation, the median was $133 per participant and 0.31% 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 and Form 5500-SF 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.