401(k) · DOL Form 5500 · 2023
Fmr LLC 401(k) Plan
Data updated 2026-08-25
- $28.6B
- Total assets Mega-plan scale
- 62,289
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $459,950
- Avg per participant High balance/head
Official DOL plan name: Fidelity Retirement Savings Plan · Sponsored by Fmr LLC · Massachusetts · Finance & Insurance
$28.6B in assets, 62,289 participants
Fmr LLC's Fidelity Retirement Savings Plan reported $28.6B in total assets and 62,289 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.
- #8,867 in Finance & Insurance (8,869 peers)
Coverage in Massachusetts
Fidelity Retirement Savings Plan covers 62,289 participants in Massachusetts, 95x the typical Massachusetts plan (state average ~659 per filing). Assets: $28.6B.
- #8,867
- in Finance & Insurance (8,869 peers)
- +24.8%
- assets growth YoY
- 287×
- vs typical plan assets (national mean)
Fidelity Retirement Savings Plan's outsized position by total assets
Fidelity Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$28,649,852,331 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Fidelity Retirement Savings 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. Fidelity Retirement Savings Plan is a mega filing (62,289 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Fidelity Retirement Savings Plan reported net income rose from -$4.8B in the plan year 2022 filing to $5.7B in the plan year 2023 filing.
- Fidelity Retirement Savings Plan end-of-year assets rose from $23.0B in the plan year 2022 filing to $28.6B in the plan year 2023 filing.
- Fidelity Retirement Savings Plan reported participants rose from 52,036 in the plan year 2022 filing to 62,289 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 043532603 · Fmr LLC PY 2023 · 401(k)
Fidelity Retirement Savings Plan · $28.6B · 62,289 · 100th
- NET $28.6B
- BOOK 62,289
- VS-ST 100th
- BOY 401(k)
- SCH near Verizon Savings Plan for Management Employees
- EBSA ind #8867
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 Retirement Savings Plan in the asset neighbourhood
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $23.0B |
|---|---|
| Net Assets (End of Year) | $28.6B |
| Net Income | $5.7B |
| Employer EIN | 043532603 |
| Plan Effective Date | 1952-12-30 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Fmr LLC)
Sponsor-wide plan assets over time
All Fmr LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $34.4B 49.635597583859166% vs 2022
- 2024 filing year
| 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.
- 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
- State Street Salary Savings Program $5.7B · 12,168
Scale composition for Fidelity Retirement Savings Plan
Fidelity Retirement Savings Plan reports $28.6B in end-of-year assets across 62,289 participants (0.23% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.066% of 93,925,755 covered participants) - about $459,950 per participant (3.3x the national average assets-per-participant) . Net income for plan year 2023 was $5.7B.
This plan identity (EIN 043532603, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $23.0B to $34.2B (+49.0%) while covered participants moved from 52,036 to 66,907 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 52,036 | $23.0B | Open filing |
| 2023 | 62,289 | $28.6B | This page |
| 2024 · index core | 66,907 | $34.2B | 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)
Fidelity Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Massachusetts, the nearest 401(k) by assets is Verizon Savings Plan for Management Employees in NJ ($27.8B); by covered participants it is 401(k) Pension Plan in VA (62,467 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($28.6B here).
- Verizon Savings Plan for Management Employees (NJ) $27.8B · 78,072
- CVS Health Future Fund 401(k) Plan (RI) $27.6B · 265,760
- Oracle Corporation 401(k) Savings and Investment Plan (CA) $26.3B · 63,105
- Costco 401(k) Retirement Plan (WA) $33.4B · 192,744
Similar participant headcount
Nearest other-state filings by covered participants (62,289 participants); asset peers above are excluded.
- 401(k) Pension Plan (VA) 62,467 · 178 off
- Chs/Community Health Systems, Inc. Retirement Savings Plan (TN) 62,487 · 198 off
- Circle K Retirement Plan (AZ) 62,049 · 240 off
- Universal Health Services, Inc. Retirement Savings Plan (PA) 62,716 · 427 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.