401(k) · DOL Form 5500 · 2023

Selective Insurance Company of America 401(k) Plan

Data updated 2026-08-11

$677M
Total assets
2,545
Participants
98th
Percentile by assets
$265,872
Avg per participant
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Official DOL plan name: Selective Insurance Retirement Savings Plan · Sponsored by Selective Insurance Company of America · New Jersey · Finance & Insurance

$677M in assets, 2,545 participants

Selective Insurance Company of America's Selective Insurance Retirement Savings Plan reported $677M in total assets and 2,545 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • 98th percentile by assets (of 127,072 plans)
  • #8,551 in Finance & Insurance (8,869 peers)

Coverage in New Jersey

Selective Insurance Retirement Savings Plan covers 2,545 participants in New Jersey, 3.0x the typical New Jersey plan (state average ~844 per filing). Assets: $677M.

$677M
total plan assets (2023 EOY)
2,545
covered participants
98th
percentile by assets (of 127,072 plans)
$265,872
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Selective Insurance Retirement Savings Plan reported net income rose from -$119M in the plan year 2022 filing to $110M in the plan year 2023 filing.
  • Selective Insurance Retirement Savings Plan end-of-year assets rose from $567M in the plan year 2022 filing to $677M in the plan year 2023 filing.
  • Selective Insurance Retirement Savings Plan reported participants rose from 2,470 in the plan year 2022 filing to 2,545 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Participants vs New Jersey filers

In New Jersey, the average filing covers about 844 participants across 4,145 plans. Selective Insurance Retirement Savings Plan reports 2,545 participants - 3.0x that state average ($677M EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)$567M
Net Assets (End of Year)$677M
Net Income$110M
Employer EIN221272390
Plan Effective Date1980-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Selective Insurance Company of America)

$0.8B$0.9B$1B$1.1B$1.2B 202220232024 $0.91B $1.1B ▲ +20.9%
Total plan assets by year, all Selective Insurance Company of America plans on file
Year Plans Participants Total Assets
2022 2 3,009 $908M
2023 2 3,070 $1.0B
2024 2 3,148 $1.1B

Nearby 401(k) Plans in New Jersey

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

Selective Insurance Retirement Savings Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants

Selective Insurance Retirement Savings Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -1001020304050 Total assets ($B) Participants Selective Insurance …JPMorgan Chase 401(k…Verizon Savings Plan…Johnson and Johnson …Ernst & Young Retire…Merck US Savings Plan
Selective Insurance Retirement Savings Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants

Similar-Sized 401(k) Plans Nationally

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

Frequently Asked Questions

How did Selective Insurance Retirement Savings Plan assets move in 2023?
Selective Insurance Retirement Savings Plan grew sharply - up 19.4% during 2023, from $567M to $677M. Reported net income was $110M.
How have Selective Insurance Company of America plan assets changed over time?
Across 3 plan years on file (2022-2024), Selective Insurance Company of America's sponsor-wide assets grew 20.7%, from $908M to $1.1B.
Where does Selective Insurance Retirement Savings Plan rank by assets among Form 5500 filers?
Selective Insurance Retirement Savings Plan ranks in the 98th 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 Selective Insurance Retirement Savings Plan?
Among 401(k) plans in other states, the closest by assets is Lutron Retirement Plan in PA ($677M, 2,221 participants).

Next read for Selective Insurance Retirement Savings P…

Filing takeaways

Ways to act on Selective Insurance Retirement Savings Plan's numbers.