401(k) · DOL Form 5500 · 2023

Block, Inc. 401(k) Plan

Data updated 2026-08-25

$924M
Total assets Above avg plan size
9,358
Participants Very large workforce
98th
Percentile by assets National rank
$98,750
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Block 401(k) Plan · Sponsored by Block, Inc. · California · Professional & Technical Services

$924M in assets, 9,358 participants

Block, Inc.'s Block 401(k) Plan reported $924M in total assets and 9,358 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.

  • #20,118 in Professional & Technical Services (20,321 peers)

Coverage in California

Block 401(k) Plan covers 9,358 participants in California, 15x the typical California plan (state average ~630 per filing). Assets: $924M.

#20,118
in Professional & Technical Services (20,321 peers)
+60.8%
assets growth YoY
9.3×
vs typical plan assets (national mean)

Block 401(k) Plan's outsized position by total assets

Block 401(k) Plan vs every filed plan by assets

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

$924,105,789 Top 2% higher than 98% 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

Block 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Block 401(k) Plan lands in the large band (9,358 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Block 401(k) Plan reported net income rose from $84M in the plan year 2022 filing to $349M in the plan year 2023 filing.
  • Block 401(k) Plan end-of-year assets rose from $575M in the plan year 2022 filing to $924M in the plan year 2023 filing.
  • Block 401(k) Plan reported participants rose from 7,210 in the plan year 2022 filing to 9,358 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 800429876 · Block, Inc. PY 2023 · 401(k)

Block 401(k) Plan · $924M · 9,358 · 98th

  • NET $924M
  • BOOK 9,358
  • VS-ST 98th
  • BOY 401(k)
  • SCH near Smiths Group Incentive Savings Plan
  • EBSA ind #20118

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 Professional & Technical Services retirement plans → · Plans in California →

Block 401(k) Plan in the asset neighbourhood

United Launch Alliance 401(k) Savings and Retirement PlanUnited Launch Alliance 401(k…$925MGuidehouse Inc. Retirement PlanGuidehouse Inc. Retirement P…$925MCitgo Petroleum Corporation Employees' Retirement and Savings PlanCitgo Petroleum Corporation …$925MBlock 401(k) Plan$924MSmiths Group Incentive Savings PlanSmiths Group Incentive Savin…$923M
End-of-year total assets ($M) among Block 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$575M
Net Assets (End of Year)$924M
Net Income$349M
Employer EIN800429876
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Block, Inc.)

Sponsor-wide plan assets over time

All Block, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.2B 114.9347420258257% vs 2022
2024 filing year
$0.5B$1B$1.5B 202220232024 $0.57B $1.24B ▲ +117.5%
Year Plans Participants Total Assets
2022 1 7,210 $575M
2023 1 9,358 $924M
2024 1 9,841 $1.2B

Nearby 401(k) Plans in California

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

Block 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000250000 -200204060 Total assets ($B) Participants Block 401(k) Plan, Total assets ($B): 0.924105789 · Participants: 9358Block 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Block 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Block 401(k) Plan side-by-side with 3 peers →

Scale composition for Block 401(k) Plan

Block 401(k) Plan reports $924M in end-of-year assets across 9,358 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $98,750 per participant (71% of the national average assets-per-participant) . Net income for plan year 2023 was $349M.

This plan identity (EIN 800429876, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $575M to $1.2B (+114.9%) while covered participants moved from 7,210 to 9,841 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 7,210 $575M Open filing
2023 9,358 $924M This page
2024 · index core 9,841 $1.2B Open filing

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

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

Outside California, the nearest 401(k) by assets is Smiths Group Incentive Savings Plan in DC ($923M); by covered participants it is Ameren Corporation Savings Investment Plan in MO (9,356 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (9,358 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 Block 401(k) Plan assets move in 2023? ▼
Block 401(k) Plan surged - up 60.8% during 2023, from $575M to $924M. Reported net income was $349M.
How have Block, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Block, Inc.'s sponsor-wide assets grew 114.9%, from $575M to $1.2B.
Where does Block 401(k) Plan rank by assets among Form 5500 filers? ▼
Block 401(k) 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 Block 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Smiths Group Incentive Savings Plan in DC ($923M, 5,382 participants).
Which 401(k) plans cover a similar participant headcount to Block 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ameren Corporation Savings Investment Plan in MO (9,356 participants, $3.0B 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 800429876.

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.