401(k) · DOL Form 5500 · 2023

The Mathworks, Inc. 401(k) Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
3,648
Participants Above avg headcount
99th
Percentile by assets National rank
$411,910
Avg per participant High balance/head
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Official DOL plan name: The Mathworks 401(k) Retirement Plan · Sponsored by The Mathworks, Inc. · Massachusetts · Professional & Technical Services

$1.5B in assets, 3,648 participants

The Mathworks, Inc.'s The Mathworks 401(k) Retirement Plan reported $1.5B in total assets and 3,648 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #20,206 in Professional & Technical Services (20,321 peers)

Coverage in Massachusetts

The Mathworks 401(k) Retirement Plan covers 3,648 participants in Massachusetts, 5.5x the typical Massachusetts plan (state average ~659 per filing). Assets: $1.5B.

#20,206
in Professional & Technical Services (20,321 peers)
+24.6%
assets growth YoY
15×
vs typical plan assets (national mean)

The Mathworks 401(k) Retirement Plan's outsized position by total assets

The Mathworks 401(k) Retirement Plan vs every filed plan by assets

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

$1,502,647,697 Top 1% higher than 99% 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 Mathworks 401(k) Retirement 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. The Mathworks 401(k) Retirement Plan lands in the large band (3,648 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Mathworks 401(k) Retirement Plan reported net income rose from -$179M in the plan year 2022 filing to $296M in the plan year 2023 filing.
  • The Mathworks 401(k) Retirement Plan end-of-year assets rose from $1.2B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
  • The Mathworks 401(k) Retirement Plan reported participants rose from 3,287 in the plan year 2022 filing to 3,648 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 942960235 · The Mathworks, Inc. PY 2023 · 401(k)

The Mathworks 401(k) Retirement Plan · $1.5B · 3,648 · 99th

  • BOY $1.5B
  • BOY 3,648
  • BOY 99th
  • BOY 401(k)
  • BOY near Savings and Supplemental Retirement Plan of Novant Health, Inc.
  • BOY ind #20206

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 Massachusetts →

The Mathworks 401(k) Retirement Plan in the asset neighbourhood

Cleveland-Cliffs Steel LLC Hourly 401(k) PlanCleveland-Cliffs Steel LLC H…$1.5BThe Mathworks 401(k) Retirement PlanThe Mathworks 401(k) Retirem…$1.5BSavings and Supplemental Retirement Plan of Novant Health, Inc.Savings and Supplemental Ret…$1.5BCovington & Burling Retirement Savings PlanCovington & Burling Retireme…$1.5BBrown & Brown, Inc Employee Savings PlanBrown & Brown, Inc Employee …$1.5B
End-of-year total assets ($B) among The Mathworks 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$1.2B
Net Assets (End of Year)$1.5B
Net Income$296M
Employer EIN942960235
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Mathworks, Inc.)

Sponsor-wide plan assets over time

All The Mathworks, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.8B 49.0742774125751% vs 2022
2024 filing year
$1B$1.2B$1.4B$1.6B$1.8B$2B 202220232024 $1.21B $1.8B ▲ +48.8%
Year Plans Participants Total Assets
2022 1 3,287 $1.2B
2023 1 3,648 $1.5B
2024 1 3,892 $1.8B

Nearby 401(k) Plans in Massachusetts

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

The Mathworks 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 010203040 Total assets ($B) Participants The Mathworks 401(k) Retirement Plan, Total assets ($B): 1.502647697 · Participants: 3648The Mathworks 401(k) Retirement PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
The Mathworks 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare The Mathworks 401(k) Retirement Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest 401(k) by assets is Savings and Supplemental Retirement Plan of Novant Health, Inc. in NC ($1.5B); by covered participants it is Genesee & Wyoming Inc. 401(k) Savings Plan in NY (3,647 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,648 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 Mathworks 401(k) Retirement Plan assets move in 2023? ▼
The Mathworks 401(k) Retirement Plan grew sharply - up 24.6% during 2023, from $1.2B to $1.5B. Reported net income was $296M.
How have The Mathworks, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Mathworks, Inc.'s sponsor-wide assets grew 49.1%, from $1.2B to $1.8B.
Where does The Mathworks 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
The Mathworks 401(k) Retirement Plan ranks in the 99th 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 Mathworks 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Savings and Supplemental Retirement Plan of Novant Health, Inc. in NC ($1.5B, 36,063 participants).
Which 401(k) plans cover a similar participant headcount to The Mathworks 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Genesee & Wyoming Inc. 401(k) Savings Plan in NY (3,647 participants, $233M 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 942960235.

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.