401(k) · DOL Form 5500 · 2022
Deseret Mutual Benefit Administrators 401(k) Plan
Data updated 2026-08-06
- $4.7B
- Total assets
- 23,455
- Participants
- 100th
- Percentile by assets
- $198,863
- Avg per participant
Official DOL plan name: Deseret 401(k) Plan · Sponsored by Deseret Mutual Benefit Administrators · Utah · Finance & Insurance
$4.7B in assets, 23,455 participants
Deseret Mutual Benefit Administrators's Deseret 401(k) Plan reported $4.7B in total assets and 23,455 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 139,258 plans)
- #9,221 in Finance & Insurance (9,267 peers)
Coverage in Utah
Deseret 401(k) Plan covers 23,455 participants in Utah, 39x the typical Utah plan (state average ~609 per filing). Assets: $4.7B.
- $4.7B
- total plan assets (2022 EOY)
- 23,455
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $198,863
- avg assets per participant
The plan reported a net loss of $773M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Utah filers
In Utah, the average filing covers about 609 participants across 1,226 plans. Deseret 401(k) Plan reports 23,455 participants - 39x that state average ($4.7B EOY assets).
Utah filing particulars
| Total Assets (Beginning of Year) | $5.4B |
|---|---|
| Net Assets (End of Year) | $4.7B |
| Net Income | -$773M |
| Employer EIN | 870440163 |
| Plan Effective Date | 1984-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Deseret Mutual Benefit Administrators)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 35,571 | $12.4B |
| 2023 | 3 | 35,517 | $13.2B |
| 2024 | 3 | 35,796 | $13.2B |
Nearby 401(k) Plans in Utah
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Deseret 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants
- Intermountain Healthcare Savings Plus 401(k) Plan $3.6B · 42,446
- Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan $1.5B · 9,870
- Skywest, Inc. Employees' Retirement Plan $952M · 16,878
- Autoliv Asp, Inc. Employee Savings and Investment Plan $588M · 4,068
- Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan $517M · 1,480
Scale composition for Deseret 401(k) Plan
Deseret 401(k) Plan reports $4.7B in end-of-year assets across 23,455 participants (0.040% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.026% of 89,805,449 covered participants) - about $198,863 per participant (1.5x the national average assets-per-participant) . Net income for plan year 2022 was -$773M.
This plan identity (EIN 870440163, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.7B to $6.1B (+31.8%) while covered participants moved from 23,455 to 25,301 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 23,455 | $4.7B | This page |
| 2023 | 24,292 | $5.5B | Open filing |
| 2024 · index core | 25,301 | $6.1B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Deseret Mutual Master Retirement Plan (Defined Benefit (Pension), $7.1B, 10,478 participants)
- Deseret 401(k) Plan (401(k), $6.1B, 25,301 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Deseret 401(k) Plan by total assets, not by location.
- Aep Retirement Savings 401(k) Plan (OH) $4.7B · 16,985
- Bd 401(k) Plan (NJ) $4.7B · 24,483
- McKesson Corporation 401(k) Retirement Savings Plan (TX) $4.6B · 26,812
- Constellation Employee Savings Plan (PA) $4.6B · 13,008
Frequently Asked Questions
How did Deseret 401(k) Plan assets move in 2022? ▼
How have Deseret Mutual Benefit Administrators plan assets changed over time? ▼
Where does Deseret 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Deseret 401(k) Plan? ▼
Next read for Deseret 401(k) Plan
Filing takeaways
Ways to act on Deseret 401(k) Plan's numbers.
- By total assets, Deseret 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Utah. Compare plans
- Deseret Mutual Benefit Administrators's sponsor-wide assets have grown 6.5% since 2022 across 3 plan years on file. More Finance & Insurance plans