401(k) · DOL Form 5500 · 2023

The Vanguard Group, Inc. 401(k) Plan

Data updated 2026-08-25

$9.8B
Total assets Very large vs avg
18,200
Participants Very large workforce
100th
Percentile by assets National rank
$536,572
Avg per participant High balance/head
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Official DOL plan name: The Vanguard Retirement and Savings Plan · Sponsored by The Vanguard Group, Inc. · Pennsylvania · Finance & Insurance

$9.8B in assets, 18,200 participants

The Vanguard Group, Inc.'s The Vanguard Retirement and Savings Plan reported $9.8B in total assets and 18,200 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.

  • #8,849 in Finance & Insurance (8,869 peers)

Coverage in Pennsylvania

The Vanguard Retirement and Savings Plan covers 18,200 participants in Pennsylvania, 22x the typical Pennsylvania plan (state average ~822 per filing). Assets: $9.8B.

#8,849
in Finance & Insurance (8,869 peers)
+20.6%
assets growth YoY
98×
vs typical plan assets (national mean)

The Vanguard Retirement and Savings Plan's outsized position by total assets

The Vanguard Retirement and Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$9,765,617,477 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

The Vanguard Retirement and Savings 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. The Vanguard Retirement and Savings Plan is a mega filing (18,200 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Vanguard Retirement and Savings Plan reported net income rose from -$1.4B in the plan year 2022 filing to $1.7B in the plan year 2023 filing.
  • The Vanguard Retirement and Savings Plan end-of-year assets rose from $8.1B in the plan year 2022 filing to $9.8B in the plan year 2023 filing.
  • The Vanguard Retirement and Savings Plan reported participants rose from 17,073 in the plan year 2022 filing to 18,200 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 231945930 · The Vanguard Group, Inc. PY 2023 · 401(k)

The Vanguard Retirement and Savings Plan · $9.8B · 18,200 · 100th

  • TYPE $9.8B
  • TYPE 18,200
  • TYPE 100th
  • TYPE 401(k)
  • TYPE near GE Healthcare Retirement Savings Plan
  • TYPE ind #8849

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 Pennsylvania →

The Vanguard Retirement and Savings Plan in the asset neighbourhood

Southwest Airlines Co. 401(k) PlanSouthwest Airlines Co. 401(k…$9.9BUsaa Retirement Savings Plan$9.8BGE Healthcare Retirement Savings PlanGE Healthcare Retirement Sav…$9.8BThe Vanguard Retirement and Savings PlanThe Vanguard Retirement and …$9.8BHp Inc. 401(k) Plan$9.7B
End-of-year total assets ($B) among The Vanguard Retirement and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$8.1B
Net Assets (End of Year)$9.8B
Net Income$1.7B
Employer EIN231945930
Plan Effective Date1982-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Vanguard Group, Inc.)

Sponsor-wide plan assets over time

All The Vanguard Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$11.1B 36.896008663756035% vs 2022
2024 filing year
$7B$8B$9B$10B$11B$12B 202220232024 $8.1B $11.1B ▲ +36.8%
Year Plans Participants Total Assets
2022 1 17,073 $8.1B
2023 1 18,200 $9.8B
2024 1 18,066 $11.1B

Nearby 401(k) Plans in Pennsylvania

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

The Vanguard Retirement and Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 5101520 Total assets ($B) Participants The Vanguard Retirement and Savings Plan, Total assets ($B): 9.765617477 · Participants: 18200The Vanguard Retirement and Savings PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 17.368669862 · Participants: 93136Comcast Corporation Retirement - Investment PlanCigna 401(k) Plan, Total assets ($B): 13.003870935 · Participants: 66760Cigna 401(k) PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 9.339762 · Participants: 61697The PNC Financial Services Group, Inc. Incentive Savings PlanThe Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 8.955655142 · Participants: 25184The Bank of New York Mellon Corporation 401(k) Savings PlanGsk 401(k) Plan, Total assets ($B): 8.07293146 · Participants: 11837Gsk 401(k) Plan
The Vanguard Retirement and Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants

Scale composition for The Vanguard Retirement and Savings Plan

The Vanguard Retirement and Savings Plan reports $9.8B in end-of-year assets across 18,200 participants (0.079% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.019% of 93,925,755 covered participants) - about $536,572 per participant (3.9x the national average assets-per-participant) . Net income for plan year 2023 was $1.7B.

This plan identity (EIN 231945930, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $8.1B to $11.1B (+36.9%) while covered participants moved from 17,073 to 18,066 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 17,073 $8.1B Open filing
2023 18,200 $9.8B This page
2024 · index core 18,066 $11.1B Open filing

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

The Vanguard Retirement and Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is GE Healthcare Retirement Savings Plan in IL ($9.8B); by covered participants it is Raising Cane's Retirement Savings Plan in TX (18,216 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($9.8B here).

Similar participant headcount

Nearest other-state filings by covered participants (18,200 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Vanguard Retirement and Savings Plan assets move in 2023?
The Vanguard Retirement and Savings Plan grew sharply - up 20.6% during 2023, from $8.1B to $9.8B. Reported net income was $1.7B.
How have The Vanguard Group, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), The Vanguard Group, Inc.'s sponsor-wide assets grew 36.9%, from $8.1B to $11.1B.
Where does The Vanguard Retirement and Savings Plan rank by assets among Form 5500 filers?
The Vanguard Retirement and Savings Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to The Vanguard Retirement and Savings Plan?
Among 401(k) plans in other states, the closest by assets is GE Healthcare Retirement Savings Plan in IL ($9.8B, N/A participants).
Which 401(k) plans cover a similar participant headcount to The Vanguard Retirement and Savings Plan?
Among 401(k) plans in other states, the closest by covered participants is Raising Cane's Retirement Savings Plan in TX (18,216 participants, $77M in assets).