401(k) · DOL Form 5500 · 2023

State Street Corporation 401(k) Plan

Data updated 2026-08-25

$5.7B
Total assets Very large vs avg
12,168
Participants Very large workforce
100th
Percentile by assets National rank
$470,773
Avg per participant High balance/head
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Official DOL plan name: State Street Salary Savings Program · Sponsored by State Street Corporation · Massachusetts · Management of Enterprises

$5.7B in assets, 12,168 participants

State Street Corporation's State Street Salary Savings Program reported $5.7B in total assets and 12,168 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.

  • #1,127 in Management of Enterprises (1,137 peers)

Coverage in Massachusetts

State Street Salary Savings Program covers 12,168 participants in Massachusetts, 18x the typical Massachusetts plan (state average ~659 per filing). Assets: $5.7B.

#1,127
in Management of Enterprises (1,137 peers)
+18.8%
assets growth YoY
57×
vs typical plan assets (national mean)

State Street Salary Savings Program's outsized position by total assets

State Street Salary Savings Program vs every filed plan by assets

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

$5,728,363,515 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

State Street Salary Savings Program'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. State Street Salary Savings Program is a mega filing (12,168 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • State Street Salary Savings Program reported net income rose from -$1.1B in the plan year 2022 filing to $905M in the plan year 2023 filing.
  • State Street Salary Savings Program end-of-year assets rose from $4.8B in the plan year 2022 filing to $5.7B in the plan year 2023 filing.
  • State Street Salary Savings Program reported participants fell from 12,421 in the plan year 2022 filing to 12,168 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 042456637 · State Street Corporation PY 2023 · 401(k)

State Street Salary Savings Program · $5.7B · 12,168 · 100th

  • 5500 $5.7B
  • 5500 12,168
  • 5500 100th
  • 5500 401(k)
  • 5500 near Cummins Retirement and Savings Plan
  • 5500 ind #1127

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 Management of Enterprises retirement plans → · Plans in Massachusetts →

State Street Salary Savings Program in the asset neighbourhood

Geico 401(k) Savings Plan$5.8BState Street Salary Savings ProgramState Street Salary Savings …$5.7BCummins Retirement and Savings PlanCummins Retirement and Savin…$5.7BEdison 401(k) Savings Plan$5.7BTextron Savings Plan$5.7B
End-of-year total assets ($B) among State Street Salary Savings Program and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$4.8B
Net Assets (End of Year)$5.7B
Net Income$905M
Employer EIN042456637
Plan Effective Date1983-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (State Street Corporation)

Sponsor-wide plan assets over time

All State Street Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$7.4B 30.41346548084554% vs 2022
2024 filing year
$5B$6B$7B$8B 202220232024 $5.67B $7.4B ▲ +30.5%
Year Plans Participants Total Assets
2022 2 15,837 $5.7B
2023 2 15,421 $6.6B
2024 2 15,853 $7.4B

Nearby 401(k) Plans in Massachusetts

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

State Street Salary Savings Program vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 0102030 Total assets ($B) Participants State Street Salary Savings Program, Total assets ($B): 5.728363515 · Participants: 12168State Street Salary Savings ProgramFidelity 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
State Street Salary Savings Program vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare State Street Salary Savings Program side-by-side with 3 peers →

Scale composition for State Street Salary Savings Program

State Street Salary Savings Program reports $5.7B in end-of-year assets across 12,168 participants (0.046% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $470,773 per participant (3.4x the national average assets-per-participant) . Net income for plan year 2023 was $905M.

This plan identity (EIN 042456637, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.8B to $6.5B (+35.5%) while covered participants moved from 12,421 to 12,777 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 12,421 $4.8B Open filing
2023 12,168 $5.7B This page
2024 · index core 12,777 $6.5B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

State Street Salary Savings Program's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Cummins Retirement and Savings Plan in IN ($5.7B); by covered participants it is Infinity Healthcare Mgmt. 401(k) Plan in IL (12,165 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($5.7B here).

Similar participant headcount

Nearest other-state filings by covered participants (12,168 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 State Street Salary Savings Program assets move in 2023? ▼
State Street Salary Savings Program grew sharply - up 18.8% during 2023, from $4.8B to $5.7B. Reported net income was $905M.
How have State Street Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), State Street Corporation's sponsor-wide assets grew 30.4%, from $5.7B to $7.4B.
Where does State Street Salary Savings Program rank by assets among Form 5500 filers? ▼
State Street Salary Savings Program 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 State Street Salary Savings Program? ▼
Among 401(k) plans in other states, the closest by assets is Cummins Retirement and Savings Plan in IN ($5.7B, 28,381 participants).
Which 401(k) plans cover a similar participant headcount to State Street Salary Savings Program? ▼
Among 401(k) plans in other states, the closest by covered participants is Infinity Healthcare Mgmt. 401(k) Plan in IL (12,165 participants, $10M 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 042456637.

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.