401(k) · DOL Form 5500 · 2023

Unifirst Corporation 401(k) Plan

Data updated 2026-08-11

$511M
Total assets
11,487
Participants
97th
Percentile by assets
$44,461
Avg per participant
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Official DOL plan name: Unifirst Retirement Savings Plan · Sponsored by Unifirst Corporation · Massachusetts · Other Services

$511M in assets, 11,487 participants

Unifirst Corporation's Unifirst Retirement Savings Plan reported $511M in total assets and 11,487 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • 97th percentile by assets (of 127,072 plans)
  • #7,812 in Other Services (7,857 peers)

Coverage in Massachusetts

Unifirst Retirement Savings Plan covers 11,487 participants in Massachusetts, 17x the typical Massachusetts plan (state average ~659 per filing). Assets: $511M.

$511M
total plan assets (2023 EOY)
11,487
covered participants
97th
percentile by assets (of 127,072 plans)
$44,461
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Unifirst Retirement Savings Plan reported net income rose from -$92M in the plan year 2022 filing to $58M in the plan year 2023 filing.
  • Unifirst Retirement Savings Plan end-of-year assets rose from $452M in the plan year 2022 filing to $511M in the plan year 2023 filing.
  • Unifirst Retirement Savings Plan reported participants rose from 10,533 in the plan year 2022 filing to 11,487 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Industry

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Unifirst Retirement Savings Plan reports 11,487 participants - 17x that state average ($511M EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)$452M
Net Assets (End of Year)$510M
Net Income$58M
Employer EIN042103460
Plan Effective Date1959-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Unifirst Corporation)

$400M$450M$500M$550M$600M 202220232024 $455M $557M ▲ +22.2%
Total plan assets by year, all Unifirst Corporation plans on file
Year Plans Participants Total Assets
2022 2 10,586 $455M
2023 2 11,532 $514M
2024 2 11,854 $557M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Unifirst Retirement Savings Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants

Unifirst Retirement Savings Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 -10010203040 Total assets ($B) Participants Unifirst Retirement …Fidelity Retirement …Liberty Mutual 401(k…Massachusetts Instit…Boston Scientific Co…Philips North Americ…
Unifirst Retirement Savings Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants

Scale composition for Unifirst Retirement Savings Plan

Unifirst Retirement Savings Plan reports $511M in end-of-year assets across 11,487 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $44,461 per participant (32% of the national average assets-per-participant) . Net income for plan year 2023 was $58M.

This plan identity (EIN 042103460, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $452M to $554M (+22.5%) while covered participants moved from 10,533 to 11,814 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 10,533 $452M Open filing
2023 11,487 $511M This page
2024 · index core 11,814 $554M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Unifirst Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Unifirst Retirement Savings Plan assets move in 2023?
Unifirst Retirement Savings Plan grew at a solid clip - up 12.9% during 2023, from $452M to $511M. Reported net income was $58M.
How have Unifirst Corporation plan assets changed over time?
Across 3 plan years on file (2022-2024), Unifirst Corporation's sponsor-wide assets grew 22.2%, from $455M to $557M.
Where does Unifirst Retirement Savings Plan rank by assets among Form 5500 filers?
Unifirst Retirement Savings Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Unifirst Retirement Savings Plan?
Among 401(k) plans in other states, the closest by assets is Zeta Associates Incorporated Savings Plan in VA ($511M, 488 participants).

Next read for Unifirst Retirement Savings Plan

Filing takeaways

Ways to act on Unifirst Retirement Savings Plan's numbers.