401(k) · DOL Form 5500 · 2023

Nationwide Mutual Insurance Company 401(k) Plan

Data updated 2026-08-25

$7.6B
Total assets Very large vs avg
24,715
Participants Very large workforce
100th
Percentile by assets National rank
$308,270
Avg per participant High balance/head
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Official DOL plan name: Nationwide Savings Plan · Sponsored by Nationwide Mutual Insurance Company · Ohio · Finance & Insurance

$7.6B in assets, 24,715 participants

Nationwide Mutual Insurance Company's Nationwide Savings Plan reported $7.6B in total assets and 24,715 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.

  • #8,838 in Finance & Insurance (8,869 peers)

Coverage in Ohio

Nationwide Savings Plan covers 24,715 participants in Ohio, 32x the typical Ohio plan (state average ~765 per filing). Assets: $7.6B.

#8,838
in Finance & Insurance (8,869 peers)
+13.1%
assets growth YoY
76×
vs typical plan assets (national mean)

Nationwide Savings Plan's outsized position by total assets

Nationwide Savings Plan vs every filed plan by assets

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

$7,618,883,027 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

Nationwide 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. Nationwide Savings Plan is a mega filing (24,715 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Nationwide Savings Plan reported net income rose from -$1.5B in the plan year 2022 filing to $892M in the plan year 2023 filing.
  • Nationwide Savings Plan end-of-year assets rose from $6.7B in the plan year 2022 filing to $7.6B in the plan year 2023 filing.
  • Nationwide Savings Plan reported participants rose from 24,278 in the plan year 2022 filing to 24,715 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 314177100 · Nationwide Mutual Insurance Company PY 2023 · 401(k)

Nationwide Savings Plan · $7.6B · 24,715 · 100th

  • ASSETS $7.6B
  • ASSETS 24,715
  • ASSETS 100th
  • ASSETS 401(k)
  • ASSETS near Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
  • ASSETS ind #8838

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 Ohio →

Nationwide Savings Plan in the asset neighbourhood

Metlife 401(k) Plan$7.7BNationwide Savings Plan$7.6BFord Motor Co. Tax-Efficient Savings Plan for Hourly EmployeesFord Motor Co. Tax-Efficient…$7.6BAstrazeneca Savings and Security PlanAstrazeneca Savings and Secu…$7.6BPhillips 66 Savings Plan$7.6B
End-of-year total assets ($B) among Nationwide Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$6.7B
Net Assets (End of Year)$7.6B
Net Income$892M
Employer EIN314177100
Plan Effective Date1968-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nationwide Mutual Insurance Company)

Sponsor-wide plan assets over time

All Nationwide Mutual Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$12.7B 7.918645211164978% vs 2022
2024 filing year
$11.5B$12B$12.5B$13B$13.5B 202220232024 $11.8B $12.7B ▲ +8.0%
Year Plans Participants Total Assets
2022 2 46,875 $11.8B
2023 2 47,026 $12.9B
2024 3 47,435 $12.7B

Nearby 401(k) Plans in Ohio

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

Nationwide Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. 050000100000150000 510152025 Total assets ($B) Participants Nationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanMarathon Petroleum Thrift Plan, Total assets ($B): 7.514568027 · Participants: 17818Marathon Petroleum Thrift Plan
Nationwide Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Nationwide Savings Plan side-by-side with 3 peers →

Scale composition for Nationwide Savings Plan

Nationwide Savings Plan reports $7.6B in end-of-year assets across 24,715 participants (0.062% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.026% of 93,925,755 covered participants) - about $308,270 per participant (2.2x the national average assets-per-participant) . Net income for plan year 2023 was $892M.

This plan identity (EIN 314177100, plan #334) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $6.7B to $8.3B (+23.5%) while covered participants moved from 24,278 to 24,370 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 24,278 $6.7B Open filing
2023 24,715 $7.6B This page
2024 · index core 24,370 $8.3B Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

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

Outside Ohio, the nearest 401(k) by assets is Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees in MI ($7.6B); by covered participants it is The Magna Group of Companies Retirement Savings Plans in (24,720 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($7.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (24,715 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 Nationwide Savings Plan assets move in 2023? ▼
Nationwide Savings Plan grew at a solid clip - up 13.1% during 2023, from $6.7B to $7.6B. Reported net income was $892M.
How have Nationwide Mutual Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nationwide Mutual Insurance Company's sponsor-wide assets grew 7.9%, from $11.8B to $12.7B.
Where does Nationwide Savings Plan rank by assets among Form 5500 filers? ▼
Nationwide 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 Nationwide Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees in MI ($7.6B, 59,195 participants).
Which 401(k) plans cover a similar participant headcount to Nationwide Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Magna Group of Companies Retirement Savings Plans in (24,720 participants, $2.4B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 314177100.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.