State · sponsors with a Virginia filing address
Retirement plans in Virginia
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.
For plan year 2024, 2,161 retirement plans based in Virginia with 100 or more participants filed Form 5500: 2,013 defined contribution and 148 defined benefit. They reported 5,008,644 participant records and $570.2B in net assets, counting every plan on the form.
The median defined contribution plan held $61,146 per participant, above the national median of $53,031, and its employer put in $2,745 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $140 per participant against $123 nationally.
Employers contributed $13.0B and participants $16.5B during the year, and the plans paid out $51.2B in benefits.
In 2009 the same group numbered 2,268 plans with $124.1B; by 2024 it was 2,161 plans (down 5%) and $570.2B (up 359%). 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, 18,879 small plans based in Virginia filed the short Form 5500-SF for 2024, with 508,702 participants and $32.7B 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 | VA: DC | US: DC | VA: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $61,146 | $53,031 | $92,351 | $86,234 |
| Employer contributions per active participant | $2,745 | $2,174 | $9,854 | $10,244 |
| Schedule C compensation per participant | $140 | $123 | $296 | $344 |
| Schedule C compensation, share of net assets | 0.26% | 0.26% | 0.31% | 0.42% |
| Administrative expenses per participant | $131 | $116 | $497 | $527 |
Medians across plans with 100 or more participants (1,935 DC and 147 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 | $30,579 | $61,146 | $105,584 | 1,935 |
| Employer contributions per active participant | $1,372 | $2,745 | $4,848 | 1,857 |
| Schedule C compensation per participant | $62.10 | $140 | $248 | 1,772 |
| Administrative expenses per participant | $53.50 | $131 | $232 | 1,857 |
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 | 296 | 682,901 | $117.1B | $2.28B | $4.16B | $88,979 | $175 |
| 2024 | 2,161 | 5,008,644 | $570.2B | $13.0B | $16.5B | $61,146 | $140 |
| 2023 | 2,158 | 4,875,132 | $523.3B | $11.6B | $14.7B | $55,133 | $123 |
| 2022 | 2,341 | 4,872,665 | $478.3B | $10.7B | $13.8B | $43,100 | $121 |
| 2021 | 2,335 | 4,837,592 | $588.0B | $10.4B | $13.1B | $51,189 | $120 |
| 2020 | 2,348 | 4,244,275 | $406.4B | $9.16B | $10.8B | $48,124 | $108 |
| 2019 | 2,304 | 4,200,977 | $358.1B | $9.74B | $9.94B | $41,876 | $91.44 |
| 2018 | 2,258 | 4,181,866 | $302.8B | $8.22B | $9.14B | $34,741 | $80.21 |
| 2017 | 2,247 | 4,089,414 | $320.1B | $9.95B | $8.27B | $36,803 | $69.16 |
| 2016 | 2,211 | 3,970,655 | $276.0B | $7.80B | $7.47B | $32,788 | $54.95 |
| 2015 | 2,219 | 3,940,619 | $258.2B | $7.89B | $7.21B | $31,546 | $49.27 |
| 2014 | 2,228 | 3,931,598 | $267.1B | $7.23B | $6.91B | $32,548 | $43.65 |
| 2013 | 2,201 | 4,045,594 | $262.0B | $7.95B | $6.81B | $32,038 | $35.65 |
| 2012 | 2,215 | 3,829,479 | $219.5B | $10.7B | $6.18B | $27,436 | $32.97 |
| 2011 | 2,222 | 3,887,006 | $198.0B | $8.69B | $6.19B | $24,838 | $33.73 |
| 2010 | 2,211 | 3,319,504 | $145.6B | $7.42B | $4.89B | $24,792 | $31.66 |
| 2009 | 2,268 | 3,240,719 | $124.1B | $5.90B | $4.47B | $22,109 | $27.77 |
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 2,170 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 60 largest by participants of 2,170 plans with a page on this site.
| Plan | Sponsor | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|
| The Boeing Company 401(k) Retirement Plan | The Boeing Co. and Consolidated Subsidiaries | DC | 217,061 | $73.8B | $340,156 | $9,911 | — |
| United Association National Pension Fund | B/o/t United Association National Pension Fund | DB | 196,837 | $7.70B | $39,122 | $5,521 | $88.19 |
| Sheet Metal Workers' National Pension Fund | BD of Trustees Sheet Metal Workers' National Pension Fund | DB | 152,375 | $8.26B | $54,238 | $10,087 | $110 |
| Northrop Grumman Savings Plan | Northrop Grumman Corporation | DC | 151,108 | $44.3B | $293,485 | $6,882 | $77.76 |
| The Pension Value Plan for Employees of the Boeing Company | The Boeing Co. and Consolidated Subsidiaries | DB | 115,617 | $23.3B | $201,878 | — | $62.28 |
| The Boeing Company Employee Retirement Plan | The Boeing Co. and Consolidated Subsidiaries | DB | 115,404 | $15.4B | $133,254 | — | $50.98 |
| Dollar Tree Retirement Savings Plan | Dollar Tree, Inc. | DC | 105,623 | $979M | $9,270 | $380 | $13.65 |
| Northrop Grumman Pension Plan | Northrop Grumman Corporation | DB | 104,566 | $18.8B | $179,519 | — | $78.59 |
| 401(k) Pension Plan | National Rural Electric Cooperative Association | DC | 80,475 | $16.7B | $207,733 | $4,449 | $603 |
| Retirement Security Plan | National Rural Electric Cooperative Association | DB | 75,823 | $11.5B | $151,057 | $20,194 | $349 |
| Advance Auto Parts, Inc. 401(k) Plan | Advance Stores Company, Inc. | DC | 70,657 | $1.11B | $15,703 | $482 | $20.98 |
| Capital One Financial Corporation Associate Savings Plan | Capital One Financial Corporation | DC | 68,906 | $12.0B | $174,055 | $10,312 | $94.17 |
| General Dynamics Corporation 401(k) Plan 6.0 | General Dynamics Corporation | DC | 68,452 | $12.4B | $181,068 | $6,224 | $68.58 |
| NG Space&mission Systems Corp. Salaried Pension Pla | Northrop Grumman Corporation | DB | 60,528 | $8.39B | $138,683 | — | $74.88 |
| Bae Systems Employees' Savings and Investment Plan | Bae Systems, Inc. | DC | 58,830 | $12.0B | $204,098 | $6,246 | $28.75 |
| Booz Allen Hamilton Inc. Employees' Capital Accumulation Plan | Booz Allen Hamilton Inc. | DC | 56,540 | $9.32B | $164,813 | $6,496 | $21.09 |
| Leidos, Inc. Retirement Plan | Leidos, Inc. | DC | 54,080 | $11.8B | $218,028 | $5,265 | $49.51 |
| Huntington Ingalls Industries Savings Plan | Huntington Ingalls Industries, Inc. | DC | 48,186 | $6.91B | $143,301 | $4,627 | — |
| General Dynamics Corporation 401(k) Qaca Plan | General Dynamics Corporation | DC | 45,227 | $7.91B | $174,977 | $4,510 | $53.77 |
| Amentum 401(k) Retirement Plan | Amentum Services, Inc. | DC | 44,630 | $2.49B | $55,824 | $3,012 | $60.10 |
| Maximus, Inc. 401(k) Plan | Maximus, Inc. | DC | 44,037 | $913M | $20,736 | $924 | $9.30 |
| Sentara 403(b) Savings Plan | Sentara Health | DC | 43,573 | $3.74B | $85,935 | $1,997 | $42.53 |
| Dominion Energy Pension Plan | Dominion Energy, Inc. | DB | 38,980 | $8.33B | $213,770 | — | $45.43 |
| Ferguson Enterprises, LLC, 401(k) Retirement Savings Plan | Ferguson Enterprises, LLC | DC | 38,897 | $3.58B | $92,164 | $2,479 | $70.12 |
| Performance Food Group Employee Savings Plan | Performance Food Group, Inc. | DC | 38,825 | $1.90B | $48,863 | $1,631 | $49.18 |
| Hilton 401(k) Plan | Hilton Domestic Operating Company, Inc. | DC | 36,894 | $2.30B | $62,274 | $1,866 | $34.81 |
| The Caci Smart Plan | Caci International, Inc. | DC | 33,975 | $4.49B | $132,279 | $3,201 | $26.95 |
| Carmax, Inc. Retirement Savings Plan | Carmax, Inc. | DC | 33,911 | $1.81B | $53,459 | $2,455 | $30.75 |
| Science Applications International Corporation Retirement Plan | Science Applications International Corporation | DC | 32,021 | $5.99B | $187,013 | $4,838 | $91.96 |
| Sentara Pension Plan | Sentara Health | DB | 31,635 | $2.65B | $83,736 | $7,478 | — |
| Inova Health System Retirement Savings Plan | Inova Health System Foundation | DC | 30,610 | $3.50B | $114,215 | $4,356 | $44.45 |
| Savings Plan for Employees of Ntca and Its Members | National Telecommunications Cooperative Association | DC | 30,106 | $3.36B | $111,491 | $3,259 | $120 |
| Navy Federal 401(k) Savings Plan | Navy Federal Credit Union | DC | 29,016 | $4.05B | $139,444 | $5,595 | $41.65 |
| General Dynamics Retirement Plan (Government) | General Dynamics Corporation | DB | 28,661 | $2.68B | $93,393 | $30,302 | $263 |
| Peraton Corp. Retirement Savings Plan | Peraton Corp. | DC | 26,938 | $2.52B | $93,580 | $5,581 | $55.03 |
| Boeing North American Retirement Plan | The Boeing Co. and Consolidated Subsidiaries | DB | 26,727 | $2.29B | $85,862 | — | $63.58 |
| Willis Towers Watson Pension Plan for U.S. Employees | Willis Towers Watson US LLC | DB | 26,467 | $2.84B | $107,258 | — | $46.76 |
| General Dynamics Retirement Plan (Electric Boat and Mission Systems) | General Dynamics Corporation | DB | 26,451 | $4.08B | $154,129 | $13,772 | $355 |
| Contract Employee Retirement Savings Plan | Apex Systems, LLC | DC | 26,375 | $232M | $8,784 | $50 | $29.23 |
| Navy Federal Credit Union Employees' Retirement Plan | Navy Federal Credit Union | DB | 25,626 | $2.27B | $88,602 | $2,344 | $80.30 |
| Altria Retirement Plan | Altria Client Services LLC | DB | 25,614 | $6.42B | $250,755 | — | $550 |
| Sunrise Senior Living 401(k) Plan | Sunrise Senior Living, LLC | DC | 25,515 | $360M | $14,113 | $580 | $67.68 |
| Willis Towers Watson Savings Plan for U.S. Employees | Willis Towers Watson US LLC | DC | 25,378 | $4.47B | $176,146 | $3,921 | $78.39 |
| DXC Technology Matched Asset Plan | DXC Technology Company | DC | 22,819 | $2.79B | $122,257 | $2,312 | $79.16 |
| Smithfield Foods Salaried Pension Plan | Smithfield Foods, Inc. | DB | 22,669 | $1.35B | $59,737 | $6,206 | — |
| General Dynamics Corporation 401(k) Plan for Represented Employees | General Dynamics Corporation | DC | 22,405 | $2.09B | $93,106 | $3,007 | $72.68 |
| Sentara 401(a) Retirement Plan | Sentara Health | DC | 22,393 | $160M | $7,136 | $1,511 | $14.81 |
| Estes Express Lines 401(k) Retirement Plan | Estes Express Lines | DC | 21,498 | $866M | $40,290 | $1,414 | $57.86 |
| Bae Systems Employees' Retirement Plan | Bae Systems, Inc. | DB | 20,783 | $3.21B | $154,642 | $10,305 | $425 |
| Northrop Grumman Retirement Plan B | Northrop Grumman Corporation | DB | 20,435 | $2.05B | $100,486 | — | $61.36 |
| Maximus Gsa Retirement Plan | Maximus, Inc. | DC | 19,076 | $21.8M | $1,141 | $154 | $5.83 |
| Cgi Technologies and Solutions, Inc. 401(k) Savings Plan | Cgi Technologies and Solutions, Inc. | DC | 18,843 | $2.44B | $129,589 | $2,351 | $50.76 |
| Dominion Energy 401(k) Plan | Dominion Energy, Inc. | DC | 18,747 | $4.92B | $262,455 | $6,421 | $156 |
| Employee Retirement Income Plan - Hourly West | The Boeing Co. and Consolidated Subsidiaries | DB | 18,566 | $1.71B | $92,351 | — | $70.37 |
| Retirement Plan of Carilion Clinic | Carilion Clinic | DB | 17,990 | $1.44B | $79,909 | $2,867 | $158 |
| Carilion Clinic 403(b) Retirement Savings Plan | Carilion Clinic | DC | 17,556 | $822M | $46,832 | — | $60.23 |
| Lasership 401(k) Plan | Lasership, Inc. | DC | 17,335 | $76.2M | $4,395 | $180 | $11.14 |
| Owens & Minor 401(k) Savings and Retirement Plan | Owens & Minor, Inc. | DC | 17,272 | $994M | $57,521 | $2,856 | $65.22 |
| Huntington Ingalls Industries Financial Security and Savings Program | Huntington Ingalls Industries, Inc. | DC | 17,135 | $517M | $30,174 | $533 | — |
| Smithfield Foods, Inc. Hourly 401(k) Plan | Smithfield Foods Incorporated | DC | 16,909 | $419M | $24,762 | $1,927 | $45.24 |
By plan size
By industry
By plan year
Questions and answers
How many retirement plans are there in Virginia?
2,161 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 3,601 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 Virginia?
The median defined contribution plan reported $61,146 in net assets per participant (middle half of plans: $30,579 to $105,584); 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 Virginia?
The median defined contribution plan received $2,745 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 Virginia?
Among defined contribution plans that report any Schedule C compensation, the median was $140 per participant and 0.26% 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.