401(k) · DOL Form 5500 · 2023
Deseret Mutual Benefit Administrators 401(k) Plan
Data updated 2026-08-25
- $5.5B
- Total assets Very large vs avg
- 24,292
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $225,660
- Avg per participant Above avg balance/head
Official DOL plan name: Deseret 401(k) Plan · Sponsored by Deseret Mutual Benefit Administrators · Utah · Finance & Insurance
$5.5B in assets, 24,292 participants
Deseret Mutual Benefit Administrators's Deseret 401(k) Plan reported $5.5B in total assets and 24,292 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.
- #8,829 in Finance & Insurance (8,869 peers)
Coverage in Utah
Deseret 401(k) Plan covers 24,292 participants in Utah, 41x the typical Utah plan (state average ~592 per filing). Assets: $5.5B.
- #8,829
- in Finance & Insurance (8,869 peers)
- +17.5%
- assets growth YoY
- 55×
- vs typical plan assets (national mean)
Deseret 401(k) Plan's outsized position by total assets
Deseret 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$5,481,729,272 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Deseret 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Deseret 401(k) Plan is a mega filing (24,292 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Deseret 401(k) Plan reported net income rose from -$773M in the plan year 2022 filing to $817M in the plan year 2023 filing.
- Deseret 401(k) Plan end-of-year assets rose from $4.7B in the plan year 2022 filing to $5.5B in the plan year 2023 filing.
- Deseret 401(k) Plan reported participants rose from 23,455 in the plan year 2022 filing to 24,292 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 870440163 · Deseret Mutual Benefit Administrators PY 2023 · 401(k)
Deseret 401(k) Plan · $5.5B · 24,292 · 100th
- EOY $5.5B
- 5500 24,292
- ASSETS 100th
- PCT 401(k)
- EIN near Sony USA 401(k) Plan
- RANK ind #8829
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Utah →
Deseret 401(k) Plan in the asset neighbourhood
Utah filing particulars
| Total Assets (Beginning of Year) | $4.7B |
|---|---|
| Net Assets (End of Year) | $5.5B |
| Net Income | $817M |
| Employer EIN | 870440163 |
| Plan Effective Date | 1984-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Deseret Mutual Benefit Administrators)
Sponsor-wide plan assets over time
All Deseret Mutual Benefit Administrators plans reported in each filing year
- Latest sponsor-wide plan assets
- $13.2B 6.459083803928803% vs 2022
- 2024 filing year
| 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.
- Intermountain Healthcare Savings Plus 401(k) Plan $6.0B · 46,680
- Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan $1.7B · 10,088
- Skywest, Inc. Employees' Retirement Plan $1.2B · 15,411
- Autoliv Asp, Inc. Employee Savings and Investment Plan $634M · 4,537
- Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan $615M · 1,802
Scale composition for Deseret 401(k) Plan
Deseret 401(k) Plan reports $5.5B in end-of-year assets across 24,292 participants (0.044% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.026% of 93,925,755 covered participants) - about $225,660 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2023 was $817M.
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 | Open filing |
| 2023 | 24,292 | $5.5B | This page |
| 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)
Deseret 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Utah, the nearest 401(k) by assets is Sony USA 401(k) Plan in NY ($5.5B); by covered participants it is United Airlines Flight Attendant 401(k) Plan in IL (24,331 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($5.5B here).
- Sony USA 401(k) Plan (NY) $5.5B · 13,118
- Honda 401(k) Savings Plan (CA) $5.5B · 34,918
- Takeda Pharmaceutical U.S.a., Inc. Savings and Retirement Plan (MA) $5.5B · 21,791
- Huntington Ingalls Industries Savings Plan (VA) $5.5B · 35,892
Similar participant headcount
Nearest other-state filings by covered participants (24,292 participants); asset peers above are excluded.
- United Airlines Flight Attendant 401(k) Plan (IL) 24,331 · 39 off
- Jetblue Airways Retirement Plan (NY) 24,195 · 97 off
- Old Dominion 401(k) Retirement Plan (NC) 24,400 · 108 off
- Nucor Corporation Profit Sharing and Retirement Savings Plan (NC) 24,174 · 118 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.