Defined Benefit (Pension) · DOL Form 5500 · 2023

Deseret Mutual Benefit Administrators Pension Plan

Data updated 2026-08-25

$7.7B
Total assets Very large vs avg
11,210
Participants Very large workforce
100th
Percentile by assets National rank
$690,172
Avg per participant High balance/head
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Official DOL plan name: Deseret Mutual Master Retirement Plan · Sponsored by Deseret Mutual Benefit Administrators · Utah · Finance & Insurance

$7.7B in assets, 11,210 participants

Deseret Mutual Benefit Administrators's Deseret Mutual Master Retirement Plan reported $7.7B in total assets and 11,210 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.

  • #8,840 in Finance & Insurance (8,869 peers)

Coverage in Utah

Deseret Mutual Master Retirement Plan covers 11,210 participants in Utah, 19x the typical Utah plan (state average ~592 per filing). Assets: $7.7B.

#8,840
in Finance & Insurance (8,869 peers)
-0.2%
assets change YoY
78×
vs typical plan assets (national mean)

The plan reported a net loss of $90M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Deseret Mutual Master Retirement Plan's outsized position by total assets

Deseret Mutual Master Retirement Plan vs every filed plan by assets

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

$7,736,829,103 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

Deseret Mutual Master Retirement 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. Deseret Mutual Master Retirement Plan is a mega filing (11,210 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Deseret Mutual Master Retirement Plan reported net income rose from -$1.3B in the plan year 2022 filing to -$90M in the plan year 2023 filing.
  • Deseret Mutual Master Retirement Plan reported participants fell from 12,102 in the plan year 2022 filing to 11,210 in the plan year 2023 filing.
  • Deseret Mutual Master Retirement Plan end-of-year assets fell from $7.8B in the plan year 2022 filing to $7.7B in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 870440163 · Deseret Mutual Benefit Administrators PY 2023 · Defined Benefit (Pension)

Deseret Mutual Master Retirement Plan · $7.7B · 11,210 · 100th

  • EBSA $7.7B
  • EBSA 11,210
  • EBSA 100th
  • EBSA Defined Benefit (Pension)
  • EBSA near L3harris Technologies Consolidated Pension Plan
  • EBSA ind #8840

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 Utah →

Deseret Mutual Master Retirement Plan in the asset neighbourhood

Abbott Laboratories Annuity Retirement PlanAbbott Laboratories Annuity …$7.8BBoilermaker-Blacksmith National Pension TrustBoilermaker-Blacksmith Natio…$7.8BL3harris Technologies Consolidated Pension PlanL3harris Technologies Consol…$7.7BDeseret Mutual Master Retirement PlanDeseret Mutual Master Retire…$7.7BKaiser Permanente Retirement Plan for ScpmgKaiser Permanente Retirement…$7.7B
End-of-year total assets ($B) among Deseret Mutual Master Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Utah filing particulars

Total Assets (Beginning of Year)$7.8B
Net Assets (End of Year)$7.5B
Net Income-$90M
Employer EIN870440163
Plan Effective Date1970-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Deseret Mutual Benefit Administrators)

Sponsor-wide plan assets over time

All Deseret Mutual Benefit Administrators plans reported in each filing year

Latest sponsor-wide plan assets
$13.2B 6.459083803928803% vs 2022
2024 filing year
$12B$12.5B$13B$13.5B 202220232024 $12.4B $13.2B ▲ +6.4%
Year Plans Participants Total Assets
2022 3 35,571 $12.4B
2023 3 35,517 $13.2B
2024 3 35,796 $13.2B

Nearby Defined Benefit (Pension) Plans in Utah

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Deseret Mutual Master Retirement Plan vs. nearby Defined Benefit (Pension) plans in Utah, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -20246810 Total assets ($B) Participants Deseret Mutual Master Retirement Plan, Total assets ($B): 7.736829103 · Participants: 11210Deseret Mutual Master Retirement PlanIntermountain Healthcare Pension Plan, Total assets ($B): 3.209613 · Participants: 28140Intermountain Healthcare Pension PlanRio Tinto America Inc. Retirement Plan, Total assets ($B): 0.97177716 · Participants: 1644Rio Tinto America Inc. Retirement PlanAmerica First Credit Union Pension Plan, Total assets ($B): 0.547334141 · Participants: 2464America First Credit Union Pension PlanRetail Food Employers & Ufcw Local 711 Pension, Total assets ($B): 0.3554572 · Participants: 8448Retail Food Employers & Ufcw Local 711 PensionRetirement Plan for Employees of Intermountain Power Service Corporation, Total assets ($B): 0.314936219 · Participants: 321Retirement Plan for Employees of Intermountain Power Service Corporation
Deseret Mutual Master Retirement Plan vs. nearby Defined Benefit (Pension) plans in Utah, assets vs. participants
Compare Deseret Mutual Master Retirement Plan side-by-side with 3 peers →

Scale composition for Deseret Mutual Master Retirement Plan

Deseret Mutual Master Retirement Plan reports $7.7B in end-of-year assets across 11,210 participants (0.063% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $690,172 per participant (5.0x the national average assets-per-participant) . Net income for plan year 2023 was -$90M.

This plan identity (EIN 870440163, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.8B to $7.1B (-8.8%) while covered participants moved from 12,102 to 10,478 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 12,102 $7.8B Open filing
2023 11,210 $7.7B This page
2024 · index core 10,478 $7.1B Open filing

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

Deseret Mutual Master Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Utah, the nearest Defined Benefit (Pension) by assets is L3harris Technologies Consolidated Pension Plan in FL ($7.7B); by covered participants it is Southern California United Food and Commercial Workers Unions and Drug Employers Pension Fund in CA (11,230 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($7.7B here).

Similar participant headcount

Nearest other-state filings by covered participants (11,210 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 Deseret Mutual Master Retirement Plan assets move in 2023? ▼
Deseret Mutual Master Retirement Plan held essentially flat - down 0.2% during 2023, from $7.8B to $7.7B. Reported net income was -$90M.
How have Deseret Mutual Benefit Administrators plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Deseret Mutual Benefit Administrators's sponsor-wide assets grew 6.5%, from $12.4B to $13.2B.
Where does Deseret Mutual Master Retirement Plan rank by assets among Form 5500 filers? ▼
Deseret Mutual Master Retirement 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 Defined Benefit (Pension) plans are similar in size to Deseret Mutual Master Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is L3harris Technologies Consolidated Pension Plan in FL ($7.7B, 4,676 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Deseret Mutual Master Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Southern California United Food and Commercial Workers Unions and Drug Employers Pension Fund in CA (11,230 participants, $884M 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 870440163.

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.