401(k) · DOL Form 5500 · 2023
Lincoln National Corporation 401(k) Plan
Data updated 2026-08-06
- $3.2B
- Total assets
- 11,410
- Participants
- 100th
- Percentile by assets
- $281,308
- Avg per participant
Official DOL plan name: Lnc Employees' 401(k) Savings Plan · Sponsored by Lincoln National Corporation · Pennsylvania · Management of Enterprises
$3.2B in assets, 11,410 participants
Lincoln National Corporation's Lnc Employees' 401(k) Savings Plan reported $3.2B in total assets and 11,410 participants in its 2023 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 126,618 plans)
- #1,116 in Management of Enterprises (1,135 peers)
Coverage in Pennsylvania
Lnc Employees' 401(k) Savings Plan covers 11,410 participants in Pennsylvania, 14x the typical Pennsylvania plan (state average ~824 per filing). Assets: $3.2B.
- $3.2B
- total plan assets (2023 EOY)
- 11,410
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $281,308
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Lnc Employees' 401(k) Savings Plan reported net income rose from -$543M in the plan year 2022 filing to $409M in the plan year 2023 filing.
- Lnc Employees' 401(k) Savings Plan end-of-year assets rose from $2.8B in the plan year 2022 filing to $3.2B in the plan year 2023 filing.
- Lnc Employees' 401(k) Savings Plan reported participants rose from 10,934 in the plan year 2022 filing to 11,410 in the plan year 2023 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. Lnc Employees' 401(k) Savings Plan reports 11,410 participants - 14x that state average ($3.2B EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $2.8B |
|---|---|
| Net Assets (End of Year) | $3.2B |
| Net Income | $409M |
| Employer EIN | 351140070 |
| Plan Effective Date | 1984-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Lincoln National Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 13,224 | $3.6B |
| 2023 | 3 | 13,478 | $4.0B |
| 2024 | 3 | 12,985 | $4.3B |
Nearby 401(k) Plans in Pennsylvania
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Lnc Employees' 401(k) Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
- Comcast Corporation Retirement - Investment Plan $17.4B · 93,136
- Cigna 401(k) Plan $13.0B · 66,760
- The Vanguard Retirement and Savings Plan $9.8B · 18,200
- The PNC Financial Services Group, Inc. Incentive Savings Plan $9.3B · 61,697
- The Bank of New York Mellon Corporation 401(k) Savings Plan $9.0B · 25,184
Scale composition for Lnc Employees' 401(k) Savings Plan
Lnc Employees' 401(k) Savings Plan reports $3.2B in end-of-year assets across 11,410 participants (0.028% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.013% of 89,805,449 covered participants) - about $281,308 per participant (2.1x the national average assets-per-participant) . Net income for plan year 2023 was $409M.
This plan identity (EIN 351140070, plan #009) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.8B to $3.5B (+25.5%) while covered participants moved from 10,934 to 11,126 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 10,934 | $2.8B | Open filing |
| 2023 | 11,410 | $3.2B | This page |
| 2024 · index core | 11,126 | $3.5B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Lnc Employees' 401(k) Savings Plan (401(k), $3.5B, 11,126 participants)
- Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1 2008 (Defined Benefit (Pension), $762M, 1,859 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Lnc Employees' 401(k) Savings Plan by total assets, not by location.
- Federal Home Loan Mortgage Corp Thrift/401(k) Savings Plan (VA) $3.2B · 7,748
- News Corp 401(k) Savings Plan (NY) $3.2B · 8,910
- Verizon Savings Security Plan for Mid-Atlantic Associates (NJ) $3.2B · 12,505
- Allina 401(k) Retirement Savings Plan (MN) $3.2B · 29,148
Frequently Asked Questions
How did Lnc Employees' 401(k) Savings Plan assets move in 2023? ▼
How have Lincoln National Corporation plan assets changed over time? ▼
Where does Lnc Employees' 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Lnc Employees' 401(k) Savings Plan? ▼
Next read for Lnc Employees' 401(k) Savings Plan
Filing takeaways
Ways to act on Lnc Employees' 401(k) Savings Plan's numbers.
- By total assets, Lnc Employees' 401(k) Savings 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 Pennsylvania. Compare plans
- Lincoln National Corporation's sponsor-wide assets have grown 18.7% since 2022 across 3 plan years on file. More Management of Enterprises plans