Montana 401(k) plans
151
Large 401(k) plans headquartered in Montana are in 401(k) Monitor’s published set, holding $6.3B in total, led on headcount by Consumer Direct Management Solutions 401(k) Plan with 5,654 active participants. Computed from DOL Form 5500 filings, plan years 2021–2025.
State means the sponsor’s address on the filing, not where employees work. Our published set covers 57,824 of the 57,824 large plans in the form-year-2024 DOL EFAST2 bulk data, so this is the largest-plan end of Montana, not a census of it.
10 of the biggest 401(k) plans headquartered in Montana
| # | Plan | City | Active participants | Assets |
|---|---|---|---|---|
| 1 | Consumer Direct Management Solutions 401(k) Plan | Missoula | 5,654 | $10.8M |
| 2 | Logan Health Retirement Savings Plan | Kalispell | 4,345 | $500.4M |
| 3 | Town Pump, Et Al 401(k) Plan | Butte | 4,246 | $90.4M |
| 4 | Glacier Bancorp, Inc. Profit Sharing And 401(k) Plan | Kalispell | 3,535 | $537.9M |
| 5 | First Interstate Bancsystem, Inc. 401(k) Plan | Billings | 3,478 | $481.7M |
| 6 | Lmlc Operations LLC Retirement Plan And Trust | Bozeman | 2,225 | $47.5M |
| 7 | Ranch And Home Supply, LLC 401(k) Plan | Bozeman | 1,841 | $40.9M |
| 8 | Northwestern Energy 401(k) Retirement Savings Plan | Butte | 1,590 | $512.8M |
| 9 | D.A. Davidson Companies Retirement Savings And Profit Sharing Plan | Great Falls | 1,586 | $622.7M |
| 10 | Charlie Health 401(k) Plan | Bozeman | 1,511 | $14.6M |
Every Montana plan, by size
The table above is the top of the list. These 4 pages hold all 151 plans on file from Montana, split by how many people are in them, each ranked by active participants.
- 100 to 499 participants · 115 plans
- 500 to 999 participants · 17 plans
- 1,000 to 4,999 participants · 17 plans
- 5,000 or more participants · 2 plans
401(k) fees in Montana vs the national median
| Montana medianAcross the 146 Montana plans in our set with usable fee data. | $166.33 per participant |
|---|---|
| National medianAcross 54,783 published plans with usable fee data. | $122.17 per participant |
| Difference | $44.15 above the national median |
Plan-paid means fees the plan itself reports on Schedule H; many employers pay providers directly, which a filing reports as $0. How to judge your own plan: are your 401(k) fees high?
Useful links
- All states
Plan counts, fees and largest plans, state by state.
- The largest 401(k) plans in the US
The national ranking these state tables are drawn from.
- Average 401(k) fees by plan size
Fees depend on plan size more than on state.
Cite: 401(k) Monitor, “Montana 401(k) plans: largest plans and fees”, computed from DOL EFAST2 Form 5500 bulk data, plan years 2021–2025, published set of 57,824 plans, data as of July 28, 2026.