401(k) plans in Finance and Insurance: match, fees and largest employers
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Median maximum match
Not enough reviewed formulas yet (0)
0.18%
Median admin expenses ÷ assets
3,748 defined-contribution plans
$2,910
Median employer contribution per participant
Schedule H / I, plan year 2024
$99,979
Median average balance
Assets ÷ participants with balances
Match rankings in Finance and Insurance appear once at least 5 employers have a match formula reviewed by a person. Until then, each employer page quotes what its filing says about matching contributions.
Largest employers in Finance and Insurance
| Employer | Headquarters | Participants | Plan assets |
|---|---|---|---|
| Morgan Stanley Domestic Holdings | New York, NY | 104,515 | $24B |
| Goldman Sachs Group | New York, NY | 66,307 | $13.7B |
| Citigroup | Stamford, CT | 241,201 | $33.1B |
| Humana | Louisville, KY | 88,048 | $8.5B |
| USAA | San Antonio, TX | 102,865 | $15.2B |
| State Farm Mutual Automobile Insurance | Bloomington, IL | 216,363 | $56.7B |
| PNC Financial Services Group | Pittsburgh, PA | 191,290 | $15.7B |
| AIG | New York, NY | 59,152 | $7.5B |
| U.S. Bank | Minneapolis, MN | 208,833 | $19.3B |
| Liberty Mutual Group | Boston, MA | 120,746 | $17B |
| Visa | Foster City, CA | 25,532 | $6.5B |
| Fidelity Investments | Boston, MA | 107,962 | $34.4B |
| Cigna | Philadelphia, PA | 143,085 | $18B |
| Mastercard International | Purchase, NY | 14,454 | $3.9B |
| Aflac | Columbus, GA | 10,104 | $1.5B |
| Charles Schwab | Westlake, TX | 43,502 | $8.9B |
| American Express | New York, NY | 54,992 | $9.9B |
| Vanguard Group | Malvern, PA | 26,679 | $11.1B |
| Truist Financial | Charlotte, NC | 151,606 | $23.9B |
| Elevance Health | Indianapolis, IN | 124,257 | $13.9B |
| Travelers Companies | St. Paul, MN | 88,001 | $14.6B |
| Progressive | Mayfield Village, OH | 74,118 | $11.5B |
| Centene | St. Louis, MO | 67,249 | $4.7B |
| Fannie Mae | Washington, DC | 12,017 | $4.6B |
| Freddie Mac | Mclean, VA | 11,828 | $3.7B |
| Stonex Group | Kansas City, MO | 2,344 | $309M |
| Nationwide Mutual Insurance | Columbus, OH | 88,911 | $12.7B |
| New York Life Insurance | New York, NY | 82,728 | $13.3B |
| Prudential Insurance Company of America | Newark, NJ | 82,308 | $19.6B |
| Edward Jones | St. Louis, MO | 58,392 | $12.4B |
| TIAA | New York, NY | 56,585 | $10.5B |
| Raymond James Financial | St Petersburg, FL | 54,305 | $5.4B |
| Northwestern Mutual Life Ins.Co | Milwaukee, WI | 49,512 | $9.6B |
| Metlife Group | Bridgewater, NJ | 45,818 | $15.8B |
| MassMutual | Springfield, MA | 45,681 | $6.9B |
| Principal Financial Group | Des Moines, IA | 36,394 | $6.1B |
| Ameriprise Financial | Minneapolis, MN | 21,274 | $4.5B |
| BlackRock | New York, NY | 14,370 | $4.8B |
| LPL Financial | San Diego, CA | 10,827 | $940M |
| Board of Trustees of the CPF of the IUOE and Participating Employers | Washington, DC | 233,624 | $27.4B |
| Bd of Trustees-Legacy Plan of the National Retirement Fund | White Plains, NY | 229,567 | $2B |
| Principal Life Insurance | Des Moines, IA | 174,411 | $1.7B |
| Board of Trustees - Legacy Plan of the Unite Here Retirement Fund | White Plains, NY | 159,707 | $1.1B |
| Steelworkers Pension Trust | Pittsburgh, PA | 123,685 | $7.2B |
| Standard Retirement Services | Portland, OR | 118,738 | $2B |
| Aon Consulting | Chicago, IL | 87,813 | $3.1B |
| Marsh & McLennan Companies | New York, NY | 86,087 | $13B |
| Health Care Service | Richardson, TX | 79,096 | $6.5B |
| Deseret Mutual Benefit Administrators | Salt Lake City, UT | 72,436 | $13.1B |
| Trustees of UFCW Retirement and Savings Plan | Mount Laurel, NJ | 67,978 | $192M |
| Highmark Health | Pittsburgh, PA | 56,171 | $5.9B |
| Manufacturers and Traders Trust | Buffalo, NY | 55,535 | $8.4B |
| Transamerica | Cedar Rapids, IA | 55,125 | $5.1B |
| Farmers Group | Woodland Hills, CA | 55,026 | $7.3B |
| Navy Federal Credit Union | Merrifield, VA | 53,055 | $5.3B |
| Bmo Financial | Chicago, IL | 47,588 | $6.2B |
| Sequoia One Peo | Tempe, AZ | 47,034 | $1.4B |
| Board of Trustees-New York State Nurses Association Pension Plan | Albany, NY | 46,491 | $5.8B |
| Board of Trustees, Eighth District Electrical Pension | Las Vegas, NV | 44,785 | $2.4B |
| Keycorp | Cleveland, OH | 44,382 | $4.9B |
Showing the 60 largest of 3,542. Search for an employer.
From public Form 5500 filings. Medians cover 401(k), 403(b) and profit-sharing plans of the employers listed here. Not financial advice. Methodology