401(k) · DOL Form 5500 · 2023
Fidelity Workplace Services LLC 401(k) Plan
Data updated 2026-08-06
- $85M
- Total assets
- 5,821
- Participants
- 90th
- Percentile by assets
- $14,559
- Avg per participant
Official DOL plan name: Fidelity Advantage 401(k) · Sponsored by Fidelity Workplace Services LLC · Massachusetts · Finance & Insurance
$85M in assets, 5,821 participants
Fidelity Workplace Services LLC's Fidelity Advantage 401(k) reported $85M in total assets and 5,821 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.
- 90th percentile by assets (of 126,618 plans)
- #7,509 in Finance & Insurance (8,852 peers)
Coverage in Massachusetts
Fidelity Advantage 401(k) covers 5,821 participants in Massachusetts, 9.1x the typical Massachusetts plan (state average ~641 per filing). Assets: $85M.
- $85M
- total plan assets (2023 EOY)
- 5,821
- covered participants
- 90th
- percentile by assets (of 126,618 plans)
- $14,559
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Fidelity Advantage 401(k) end-of-year assets rose from $26M in the plan year 2022 filing to $85M in the plan year 2023 filing.
- Fidelity Advantage 401(k) reported participants rose from 1,940 in the plan year 2022 filing to 5,821 in the plan year 2023 filing.
- Fidelity Advantage 401(k) reported net income rose from $22M in the plan year 2022 filing to $63M in the plan year 2023 filing.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 641 participants across 3,941 plans. Fidelity Advantage 401(k) reports 5,821 participants - 9.1x that state average ($85M EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $26M |
|---|---|
| Net Assets (End of Year) | $85M |
| Net Income | $63M |
| Employer EIN | 043532603 |
| Plan Effective Date | 2021-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Fidelity Workplace Services LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 53,976 | $23.0B |
| 2023 | 2 | 68,110 | $28.7B |
| 2024 | 2 | 75,862 | $34.4B |
Nearby 401(k) Plans in Massachusetts
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Fidelity Advantage 401(k) vs. nearby 401(k) plans in Massachusetts, assets vs. participants
- Fidelity Retirement Savings Plan $28.6B · 62,289
- Liberty Mutual 401(k) Plan $10.6B · 37,052
- Massachusetts Institute of Technology Supplemental 401(k) Plan $6.8B · 14,094
- Boston Scientific Corporation 401(k) Retirement Savings Plan $5.8B · 19,881
- Philips North America 401(k) Plan $5.8B · 19,120
Scale composition for Fidelity Advantage 401(k)
Fidelity Advantage 401(k) reports $85M in end-of-year assets across 5,821 participants (0.001% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.006% of 89,805,449 covered participants) - about $14,559 per participant (11% of the national average assets-per-participant) . Net income for plan year 2023 was $63M.
This plan identity (EIN 043532603, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $26M to $185M (+599.6%) while covered participants moved from 1,940 to 8,955 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 1,940 | $26M | Open filing |
| 2023 | 5,821 | $85M | This page |
| 2024 · index core | 8,955 | $185M | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Fidelity Retirement Savings Plan (401(k), $34.2B, 66,907 participants)
- Fidelity Advantage 401(k) (401(k), $185M, 8,955 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Fidelity Advantage 401(k) by total assets, not by location.
Frequently Asked Questions
How did Fidelity Advantage 401(k) assets move in 2023? ▼
How have Fidelity Workplace Services LLC plan assets changed over time? ▼
Where does Fidelity Advantage 401(k) rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Fidelity Advantage 401(k)? ▼
Next read for Fidelity Advantage 401(k)
Filing takeaways
Ways to act on Fidelity Advantage 401(k)'s numbers.
- By total assets, Fidelity Advantage 401(k) ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
- Fidelity Workplace Services LLC's sponsor-wide assets have grown 49.6% since 2022 across 3 plan years on file. More Finance & Insurance plans