401(k) · DOL Form 5500 · 2023

New York Life Insurance Company 401(k) Plan

Data updated 2026-08-25

$4.6B
Total assets Very large vs avg
12,759
Participants Very large workforce
100th
Percentile by assets National rank
$357,442
Avg per participant High balance/head
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Official DOL plan name: New York Life Insurance Company Employee Progress Sharing Investment Plan · Sponsored by New York Life Insurance Company · New York · Finance & Insurance

$4.6B in assets, 12,759 participants

New York Life Insurance Company's New York Life Insurance Company Employee Progress Sharing Investment Plan reported $4.6B in total assets and 12,759 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.

  • #8,818 in Finance & Insurance (8,869 peers)

Coverage in New York

New York Life Insurance Company Employee Progress Sharing Investment Plan covers 12,759 participants in New York, 16x the typical New York plan (state average ~798 per filing). Assets: $4.6B.

#8,818
in Finance & Insurance (8,869 peers)
+11.5%
assets growth YoY
46×
vs typical plan assets (national mean)

New York Life Insurance Company Employee Progress Sharing Investment Plan's outsized position by total assets

New York Life Insurance Company Employee Progress Sharing Investment Plan vs every filed plan by assets

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

$4,560,597,726 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

New York Life Insurance Company Employee Progress Sharing Investment 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. New York Life Insurance Company Employee Progress Sharing Investment Plan is a mega filing (12,759 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • New York Life Insurance Company Employee Progress Sharing Investment Plan reported net income rose from -$321M in the plan year 2022 filing to $477M in the plan year 2023 filing.
  • New York Life Insurance Company Employee Progress Sharing Investment Plan end-of-year assets rose from $4.1B in the plan year 2022 filing to $4.6B in the plan year 2023 filing.
  • New York Life Insurance Company Employee Progress Sharing Investment Plan reported participants rose from 12,370 in the plan year 2022 filing to 12,759 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 135582869 · New York Life Insurance Company PY 2023 · 401(k)

New York Life Insurance Company Employee Progress Sharing Investment Plan · $4.6B · 12,759 · 100th

  • 5500 $4.6B
  • ASSETS 12,759
  • PCT 100th
  • EIN 401(k)
  • RANK near Kimberly-Clark Corporation 401(k) & Profit Sharing Plan
  • PHOTO ind #8818

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 New York →

New York Life Insurance Company Employee Progress Sharing Investment Plan in the asset neighbourhood

Sysco Corporation Employees' 401(k) PlanSysco Corporation Employees'…$4.6BFidelity National Information Services, Inc. 401(k) Profit Sharing PlanFidelity National Informatio…$4.6BNew York Life Insurance Company Employee Progress Sharing Investment PlanNew York Life Insurance Comp…$4.6BKimberly-Clark Corporation 401(k) & Profit Sharing PlanKimberly-Clark Corporation 4…$4.6BBmo 401(k) Savings Plan$4.5B
End-of-year total assets ($B) among New York Life Insurance Company Employee Progress Sharing Investment Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$4.1B
Net Assets (End of Year)$4.6B
Net Income$477M
Employer EIN135582869
Plan Effective Date1969-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (New York Life Insurance Company)

Sponsor-wide plan assets over time

All New York Life Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$13.3B 63.179526029500806% vs 2022
2024 filing year
$6B$8B$10B$12B$14B 202220232024 $8.12B $13.3B ▲ +63.2%
Year Plans Participants Total Assets
2022 3 36,622 $8.1B
2023 4 44,938 $12.9B
2024 4 45,855 $13.3B

Nearby 401(k) Plans in New York

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

New York Life Insurance Company Employee Progress Sharing Investment Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. 050000100000150000 020406080 Total assets ($B) Participants New York Life Insurance Company Employee Progress Sharing Investment Plan, Total assets ($B): 4.560597726 · Participants: 12759New York Life Insurance Company Employee Progress Sharing Investment PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
New York Life Insurance Company Employee Progress Sharing Investment Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare New York Life Insurance Company Employee Progress Sharing Investment Plan side-by-side with 3 peers →

Scale composition for New York Life Insurance Company Employee Progress Sharing Investment Plan

New York Life Insurance Company Employee Progress Sharing Investment Plan reports $4.6B in end-of-year assets across 12,759 participants (0.037% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $357,442 per participant (2.6x the national average assets-per-participant) . Net income for plan year 2023 was $477M.

This plan identity (EIN 135582869, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.1B to $5.0B (+21.9%) while covered participants moved from 12,370 to 12,949 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 12,370 $4.1B Open filing
2023 12,759 $4.6B This page
2024 · index core 12,949 $5.0B Open filing

The same sponsor also keeps 4 other index-core plans on PlainRetire:

New York Life Insurance Company Employee Progress Sharing Investment Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Kimberly-Clark Corporation 401(k) & Profit Sharing Plan in WI ($4.6B); by covered participants it is First American Financial Corporation 401(k) Savings Plan in CA (12,749 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (12,759 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 New York Life Insurance Company Employee Progress Sharing Investment Plan assets move in 2023? ▼
New York Life Insurance Company Employee Progress Sharing Investment Plan grew at a solid clip - up 11.5% during 2023, from $4.1B to $4.6B. Reported net income was $477M.
How have New York Life Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), New York Life Insurance Company's sponsor-wide assets grew 63.2%, from $8.1B to $13.3B.
Where does New York Life Insurance Company Employee Progress Sharing Investment Plan rank by assets among Form 5500 filers? ▼
New York Life Insurance Company Employee Progress Sharing Investment 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 New York Life Insurance Company Employee Progress Sharing Investment Plan? ▼
Among 401(k) plans in other states, the closest by assets is Kimberly-Clark Corporation 401(k) & Profit Sharing Plan in WI ($4.6B, 11,236 participants).
Which 401(k) plans cover a similar participant headcount to New York Life Insurance Company Employee Progress Sharing Investment Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is First American Financial Corporation 401(k) Savings Plan in CA (12,749 participants, $2.3B 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 135582869.

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.