Holding companies 401(k) plans
The median 401(k) plan at holding companies paid $106.24 per participant per year in plan-paid administrative fees, computed from 612 of the 643 holding companies plans published here, form year 2024.
Computed from DOL EFAST2 Form 5500 bulk data, not surveys. The 57,824 plans published so far are a subset of the 57,824 large plans in the form-year-2024 data, so this median describes the published subset, not the whole industry.
$106.24
Median plan-paid administrative cost per participant per year among 612 holding companies plans with usable fee data, form year 2024.
$15.93 below the $122.17 median across all published plans.
How do holding companies 401(k) fees compare?
Plan size drives fees more than industry does: bigger plans pay less per head. See median fees by plan size before reading an industry gap as an industry effect.
48 of the biggest holding companies 401(k) plans
| Plan | Sponsor | Active participants | Assets | Fee ($) |
|---|---|---|---|---|
| The Bank Of America 401(k) Plan | Bank Of America Corporation | 168,229 | $62.9B | n/a |
| Wells Fargo & Company 401(k) Plan | Wells Fargo & Company | 167,176 | $57.9B | 34.04 |
| Oak View Group 401(k) Plan | Oak View Group, LLC | 49,999 | $176.1M | 24.95 |
| Capital One Financial Corporation Associate Savings Plan | Capital One Financial Corporation | 45,199 | $12.0B | 214.17 |
| Allstate 401(k) Savings Plan | The Allstate Corporation | 39,454 | $7.6B | 130.45 |
| Concentrix Retirement And Savings Plan | Concentrix Cvg Corporation | 35,537 | $879.7M | 21.77 |
| TD 401(k) Retirement Plan | TD Bank US Holding Company | 32,012 | $6.0B | 28.86 |
| Siemens Savings Plan | Siemens Corporation | 29,785 | $9.8B | n/a |
| Geico 401(k) Savings Plan | Geico Corporation | 28,209 | $6.2B | 52.59 |
| Clayton Homes, Inc. 401(k) Retirement Plan | Clayton Homes, Inc. | 22,418 | $1.6B | 72.74 |
| Rentokil Initial USA 401(k) Plan | Rentokil North America, Inc. | 20,428 | $1.3B | 139.94 |
| IQVIA 401(k) Plan | IQVIA Inc. | 19,072 | $3.6B | 51.31 |
| Warner Bros. Discovery 401(k) Savings Plan | Warner Bros. Discovery, Inc. | 17,534 | $8.1B | 53.16 |
| Smithfield Foods, Inc. Hourly 401(k) Plan | Smithfield Foods Incorporated | 13,599 | $418.7M | 41.83 |
| Sony USA 401(k) Plan | Sony Corporation Of America | 13,338 | $6.2B | 349.65 |
| Smithfield Foods, Inc. Bargaining 401(k) Plan | Smithfield Foods Incorporated | 13,237 | $340.0M | 40.95 |
| Lvmh Affiliates' 401(k) Plan | Lvmh Inc. | 12,956 | $1.1B | n/a |
| Ufp Industries, Inc. Employees' Profit Sharing And 401(k) Plan | Ufp Industries, Inc. | 12,624 | $784.7M | 25.36 |
| Siemens Medical Solutions USA, Inc. Savings Plan | Siemens Medical Solutions USA, Inc. | 12,534 | $7.9B | n/a |
| Thoroughbred Retirement Investment Plan Of Norfolk Southern Corporation And Participating Subsidiary Companies | Norfolk Southern Corporation | 12,062 | $1.0B | 74.57 |
| State Street Salary Savings Program | State Street Corporation | 11,992 | $6.5B | 122.70 |
| Roper Technologies, Inc. Employees' Retirement Savings 004 Plan | Roper Technologies, Inc. | 10,938 | $1.6B | 73.59 |
| Surgery Partners 401(k) Plan | Sp Management Services, Inc. | 10,664 | $413.6M | 123.69 |
| Akima, LLC 401(k) Plan | Akima, LLC | 10,186 | $554.7M | 117.66 |
| Assurant 401(k) Plan | Assurant, Inc. | 10,096 | $2.2B | 54.70 |
| Lnc Employees' 401(k) Savings Plan | Lincoln National Corporation | 9,981 | $3.5B | 10.57 |
| The Pearson Retirement Plan 401(k) | Pearson Education Inc. | 9,848 | $2.4B | 89.94 |
| Chenega Corporation 401(k) Profit Sharing Plan And Trust | The Chenega Corporation | 7,864 | $451.4M | 97.87 |
| Spirit Aerosystems Holdings, Inc. Retirement & Savings Plan | Spirit Aerosystems Holdings, Inc. | 7,819 | $1.2B | 106.27 |
| American Financial Group 401(k) Retirement And Savings Plan | American Financial Group, Inc. | 7,790 | $2.3B | 62.51 |
| Kemper Corporation 401(k) Retirement Plan | Kemper Corporation | 7,115 | $887.5M | 37.60 |
| Vistra Thrift Plan | Vistra Operations Company LLC | 6,759 | $2.4B | 63.07 |
| Central Employees Savings Plan | Central Transport, LLC | 6,655 | $94.4M | 4.95 |
| Hsbc - North America (U. S.) Tax Reduction Investment Plan | Hsbc North America Holdings Inc. | 6,598 | $4.9B | 100.66 |
| Public Service Enterprise Group Inc. Employee Savings Plan | Public Service Enterprise Group Incorporated | 6,569 | $2.2B | n/a |
| W.R. Berkley Corporation Profit Sharing Plan | W.R. Berkley Corporation | 6,382 | $2.3B | 39.44 |
| Pinnacle West Capital Corporation Savings Plan | Pinnacle West Capital Corporation | 6,358 | $1.6B | 310.32 |
| Saltchuk Companies 401(k) Plan | Saltchuk Resources, Inc. | 6,166 | $669.8M | 67.97 |
| Patterson Companies, Inc. 401(k) Plan | Patterson Companies, Inc. | 5,994 | $999.1M | 31.19 |
| The Williams Investment Plus Plan | The Williams Companies, Inc. | 5,692 | $2.0B | 379.47 |
| Cna 401(k) Plan | Continental Casualty Company | 5,585 | $2.5B | 326.03 |
| Bristol Bay Native Corporation 401(k) Savings Plan | Bristol Bay Native Corporation | 5,397 | $479.8M | 65.05 |
| Schwarz Partners Lp 401(k) Profit Sharing Plan | Schwarz Partners Lp | 5,208 | $282.0M | 106.12 |
| Fortune Brands Innovations Retirement Savings Plan | Fortune Brands Innovations, Inc. | 5,181 | $824.6M | 108.24 |
| Oncor Thrift Plan | Oncor Electric Delivery Company LLC | 5,168 | $1.1B | 107.99 |
| Arcbest 401(k) And Dc Retirement Plan | Arcbest Corporation | 4,941 | $778.4M | 73.29 |
| Synovus 401(k) Savings Plan | Synovus Financial Corp. | 4,787 | $855.8M | 53.37 |
| Pentair Inc. Retirement Savings And Stock | Pentair Inc. | 4,636 | $909.7M | 65.79 |
All 643 holding companies plans on file are listed below by size, and every one of them is searchable from the home page.
Every Holding companies plan, by size
The table above is the top of the list. These 5 pages hold all 643 plans on file in holding companies, split by how many people are in them, each ranked by active participants.
- 100 to 499 participants · 287 plans
- 500 to 999 participants · 119 plans
- 1,000 to 4,999 participants · 168 plans
- 5,000 or more participants · 69 plans
Which holding companies companies disclose their 401(k) match?
For these 9 employers we also read the SEC Form 11-K and extracted the match terms, matched to this industry by the plan’s EIN.
- Bank of America Corporation
100% (dollar-for-dollar) of the first 5% of pay
- Capital One Financial Corporation
100% (dollar-for-dollar) of the first 3% of pay, then 50% of the next 3% of pay
- Chemed Corporation
Matches contributions up to 6% of pay at a rate set each year; the rate is not disclosed
- GATX CORP
Match terms set by collective-bargaining agreements; no single company-wide formula
- Illinois Tool Works Inc.
100% (dollar-for-dollar) of the first 3% of pay, then 50% of the next 3% of pay
- LINCOLN NATIONAL CORP
100% (dollar-for-dollar) of the first 6% of pay
- Norfolk Southern Corporation
100% (dollar-for-dollar) of the first 1% of pay, then 50% of the next 5% of pay
- State Street Corporation
100% (dollar-for-dollar) of the first 6% of pay
- The Allstate Corporation
100% (dollar-for-dollar) of the first 2% of pay, then 50% of the next 4% of pay
Which employers count as holding companies here?
Offices of bank and other holding companies (codes 551111 and 551112). The operating business behind the sponsor can be anything; the filing only tells us it files as a holding company. Sponsors here include State Street and Sony Corporation of America.
The code is the IRS principal business activity code the sponsor itself puts on Form 5500, line 2d. Medians count only plans whose Schedule H shows a positive plan-paid administrative expense (612 of 643 plans here). Plan-paid expenses exclude fund expense ratios and employer-paid bills, so every figure is a floor, not the all-in cost. Latest filing in this group received by the DOL July 15, 2026; source dataset last refreshed July 28, 2026. Full methodology
Cite this page
401(k) Monitor, “Holding companies 401(k) plans: median plan-paid administrative cost per participant”, computed from DOL EFAST2 Form 5500 bulk data, form year 2024.