Defined Benefit (Pension) · DOL Form 5500 · 2023

National Rural Electric Cooperative Association Pension Plan

Data updated 2026-08-25

$10.2B
Total assets Mega-plan scale
54,171
Participants Very large workforce
100th
Percentile by assets National rank
$188,009
Avg per participant Above avg balance/head
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Official DOL plan name: Retirement Security Plan · Sponsored by National Rural Electric Cooperative Association · Virginia · Utilities

$10.2B in assets, 54,171 participants

National Rural Electric Cooperative Association's Retirement Security Plan reported $10.2B in total assets and 54,171 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.

  • #715 in Utilities (721 peers)

Coverage in Virginia

Retirement Security Plan covers 54,171 participants in Virginia, 69x the typical Virginia plan (state average ~782 per filing). Assets: $10.2B.

#715
in Utilities (721 peers)
+8.5%
assets growth YoY
102×
vs typical plan assets (national mean)

Retirement Security Plan's outsized position by total assets

Retirement Security Plan vs every filed plan by assets

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

$10,184,642,779 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

Retirement Security 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. Retirement Security Plan is a mega filing (54,171 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Retirement Security Plan reported net income rose from -$2.3B in the plan year 2022 filing to $827M in the plan year 2023 filing.
  • Retirement Security Plan end-of-year assets rose from $9.4B in the plan year 2022 filing to $10.2B in the plan year 2023 filing.
  • Retirement Security Plan reported participants fell from 54,531 in the plan year 2022 filing to 54,171 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 530116145 · National Rural Electric Cooperative Association PY 2023 · Defined Benefit (Pension)

Retirement Security Plan · $10.2B · 54,171 · 100th

  • NET $10.2B
  • NET 54,171
  • NET 100th
  • NET Defined Benefit (Pension)
  • NET near Merck US Pension Plan
  • NET ind #715

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 Utilities retirement plans → · Plans in Virginia →

Retirement Security Plan in the asset neighbourhood

Consolidated Cash Balance Program of Mass General Brigham and Member OrganizationsConsolidated Cash Balance Pr…$10.3BMerck US Pension Plan$10.2BRetirement Security Plan$10.2BDisney Salaried Pension Plan DDisney Salaried Pension Plan…$10.1BCaterpillar Inc. Retirement Income PlanCaterpillar Inc. Retirement …$9.8B
End-of-year total assets ($B) among Retirement Security Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$9.4B
Net Assets (End of Year)$10.2B
Net Income$827M
Employer EIN530116145
Plan Effective Date1948-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (National Rural Electric Cooperative Association)

Sponsor-wide plan assets over time

All National Rural Electric Cooperative Association plans reported in each filing year

Latest sponsor-wide plan assets
$28.3B 26.676422092894203% vs 2022
2024 filing year
$20B$22B$24B$26B$28B$30B 202220232024 $22.4B $28.3B ▲ +26.7%
Year Plans Participants Total Assets
2022 2 116,012 $22.4B
2023 2 116,638 $25.2B
2024 2 119,502 $28.3B

Nearby Defined Benefit (Pension) Plans in Virginia

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

Retirement Security Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 5101520 Total assets ($B) Participants Retirement Security Plan, Total assets ($B): 10.184642779 · Participants: 54171Retirement Security PlanNorthrop Grumman Pension Plan, Total assets ($B): 19.134846358 · Participants: 13674Northrop Grumman Pension PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.450021632 · Participants: 7117Ng Space&mission Systems Corp Salaried Pension PlaSheet Metal Workers' National Pension Fund, Total assets ($B): 8.306466489 · Participants: 61272Sheet Metal Workers' National Pension FundDominion Energy Pension Plan, Total assets ($B): 7.570958933 · Participants: 12263Dominion Energy Pension PlanUnited Association National Pension Fund, Total assets ($B): 7.130626653 · Participants: 84317United Association National Pension Fund
Retirement Security Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Retirement Security Plan side-by-side with 3 peers →

Scale composition for Retirement Security Plan

Retirement Security Plan reports $10.2B in end-of-year assets across 54,171 participants (0.083% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.058% of 93,925,755 covered participants) - about $188,009 per participant (1.4x the national average assets-per-participant) . Net income for plan year 2023 was $827M.

This plan identity (EIN 530116145, plan #333) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $9.4B to $11.5B (+22.3%) while covered participants moved from 54,531 to 56,633 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 54,531 $9.4B Open filing
2023 54,171 $10.2B This page
2024 · index core 56,633 $11.5B Open filing

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

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

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Merck US Pension Plan in NJ ($10.2B); by covered participants it is Wells Fargo & Company Cash Balance Plan in CA (53,528 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10.2B here).

Similar participant headcount

Nearest other-state filings by covered participants (54,171 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 Retirement Security Plan assets move in 2023? ▼
Retirement Security Plan grew at a solid clip - up 8.5% during 2023, from $9.4B to $10.2B. Reported net income was $827M.
How have National Rural Electric Cooperative Association plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), National Rural Electric Cooperative Association's sponsor-wide assets grew 26.7%, from $22.4B to $28.3B.
Where does Retirement Security Plan rank by assets among Form 5500 filers? ▼
Retirement Security 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 Retirement Security Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Merck US Pension Plan in NJ ($10.2B, 25,223 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Retirement Security Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Wells Fargo & Company Cash Balance Plan in CA (53,528 participants, $8.8B 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 530116145.

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.