401(k) · DOL Form 5500 · 2023

Fidelity Workplace Services LLC 401(k) Plan

Data updated 2026-08-25

$85M
Total assets Below avg plan size
5,821
Participants Above avg headcount
90th
Percentile by assets National rank
$14,559
Avg per participant Low balance/head
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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.

  • #7,526 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Fidelity Advantage 401(k) covers 5,821 participants in Massachusetts, 8.8x the typical Massachusetts plan (state average ~659 per filing). Assets: $85M.

#7,526
in Finance & Insurance (8,869 peers)
+221.2%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Fidelity Advantage 401(k)'s outsized position by total assets

Fidelity Advantage 401(k) vs every filed plan by assets

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

$84,748,401 Top 10% higher than 90% 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

Fidelity Advantage 401(k)'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. Fidelity Advantage 401(k) lands in the large band (5,821 participants).

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.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 043532603 · Fidelity Workplace Services LLC PY 2023 · 401(k)

Fidelity Advantage 401(k) · $85M · 5,821 · 90th

  • SCH $85M
  • SCH 5,821
  • SCH 90th
  • SCH 401(k)
  • SCH near New Mexico Pipe Trades Pension Trust Fund Plan B
  • SCH ind #7526

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 Massachusetts →

Fidelity Advantage 401(k) in the asset neighbourhood

Granges Americas Inc. Savings PlanGranges Americas Inc. Saving…$85MFidelity Advantage 401(k)$85MNew Mexico Pipe Trades Pension Trust Fund Plan BNew Mexico Pipe Trades Pensi…$85MInvensense, Inc. 401(k) Plan$85MPeckham Industries, Inc. Deferred Compensation Profit Sharing Thrift PlanPeckham Industries, Inc. Def…$85M
End-of-year total assets ($M) among Fidelity Advantage 401(k) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$85M
Net Income$63M
Employer EIN043532603
Plan Effective Date2021-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Fidelity Workplace Services LLC)

Sponsor-wide plan assets over time

All Fidelity Workplace Services LLC plans reported in each filing year

Latest sponsor-wide plan assets
$34.4B 49.635597583859166% vs 2022
2024 filing year
$20B$25B$30B$35B$40B 202220232024 $23B $34.4B ▲ +49.7%
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 Scatter plot of 6 data points. 020000400006000080000 -10010203040 Total assets ($B) Participants Fidelity Advantage 401(k), Total assets ($B): 0.084748401 · Participants: 5821Fidelity Advantage 401(k)Fidelity 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
Fidelity Advantage 401(k) vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Fidelity Advantage 401(k) side-by-side with 3 peers →

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 $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 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 Advantage 401(k)'s out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is New Mexico Pipe Trades Pension Trust Fund Plan B in NM ($85M); by covered participants it is Pinnacle West Capital Corporation Savings Plan in AZ (5,820 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5,821 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 Fidelity Advantage 401(k) assets move in 2023? ▼
Fidelity Advantage 401(k) surged - up 221.2% during 2023, from $26M to $85M. Reported net income was $63M.
How have Fidelity Workplace Services LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Fidelity Workplace Services LLC's sponsor-wide assets grew 49.6%, from $23.0B to $34.4B.
Where does Fidelity Advantage 401(k) rank by assets among Form 5500 filers? ▼
Fidelity Advantage 401(k) ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Fidelity Advantage 401(k)? ▼
Among 401(k) plans in other states, the closest by assets is New Mexico Pipe Trades Pension Trust Fund Plan B in NM ($85M, 1,272 participants).
Which 401(k) plans cover a similar participant headcount to Fidelity Advantage 401(k)? ▼
Among 401(k) plans in other states, the closest by covered participants is Pinnacle West Capital Corporation Savings Plan in AZ (5,820 participants, $1.5B 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 043532603.

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.