401(k) · DOL Form 5500 · 2023

Ryan Specialty, LLC 401(k) Plan

Data updated 2026-08-11

$503M
Total assets
3,869
Participants
97th
Percentile by assets
$129,954
Avg per participant
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Official DOL plan name: Ryan Specialty 401(k) Savings Plan · Sponsored by Ryan Specialty, LLC · Illinois · Finance & Insurance

$503M in assets, 3,869 participants

Ryan Specialty, LLC's Ryan Specialty 401(k) Savings Plan reported $503M in total assets and 3,869 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)
  • #8,468 in Finance & Insurance (8,869 peers)

Coverage in Illinois

Ryan Specialty 401(k) Savings Plan covers 3,869 participants in Illinois, 5.0x the typical Illinois plan (state average ~779 per filing). Assets: $503M.

$503M
total plan assets (2023 EOY)
3,869
covered participants
97th
percentile by assets (of 127,072 plans)
$129,954
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ryan Specialty 401(k) Savings Plan reported net income rose from -$24M in the plan year 2022 filing to $131M in the plan year 2023 filing.
  • Ryan Specialty 401(k) Savings Plan end-of-year assets rose from $361M in the plan year 2022 filing to $503M in the plan year 2023 filing.
  • Ryan Specialty 401(k) Savings Plan reported participants rose from 3,494 in the plan year 2022 filing to 3,869 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. Ryan Specialty 401(k) Savings Plan reports 3,869 participants - 5.0x that state average ($503M EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)$361M
Net Assets (End of Year)$503M
Net Income$131M
Employer EIN272122990
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ryan Specialty, LLC)

$300M$400M$500M$600M$700M 202220232024 $361M $636M ▲ +76.1%
Total plan assets by year, all Ryan Specialty, LLC plans on file
Year Plans Participants Total Assets
2022 1 3,494 $361M
2023 1 3,869 $503M
2024 1 4,249 $636M

Nearby 401(k) Plans in Illinois

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

Ryan Specialty 401(k) Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

Ryan Specialty 401(k) Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Ryan Specialty 401(k…Accenture United Sta…State Farm 401(k) Sa…Abbott Laboratories …United Airlines Pilo…Walgreens Retirement…
Ryan Specialty 401(k) Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

Similar-Sized 401(k) Plans Nationally

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

Frequently Asked Questions

How did Ryan Specialty 401(k) Savings Plan assets move in 2023?
Ryan Specialty 401(k) Savings Plan surged - up 39.4% during 2023, from $361M to $503M. Reported net income was $131M.
How have Ryan Specialty, LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Ryan Specialty, LLC's sponsor-wide assets grew 76.1%, from $361M to $636M.
Where does Ryan Specialty 401(k) Savings Plan rank by assets among Form 5500 filers?
Ryan Specialty 401(k) 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 Ryan Specialty 401(k) Savings Plan?
Among 401(k) plans in other states, the closest by assets is Shearman & Sterling LLP Retirement Savings Plan in NY ($503M, 1,038 participants).

Next read for Ryan Specialty 401(k) Savings Plan

Filing takeaways

Ways to act on Ryan Specialty 401(k) Savings Plan's numbers.