401(k) · DOL Form 5500 · 2024

Deseret Mutual Benefit Administrators 401(k) Plan

Data updated 2026-07-24

$6.1B
Total assets: 25,301
Participants: 100th
Percentile by assets: $242,905
Avg per participant

Official DOL plan name: Deseret 401(k) Plan · Sponsored by Deseret Mutual Benefit Administrators · Utah · Finance & Insurance

$6.1B in assets, 25,301 participants

Deseret Mutual Benefit Administrators's Deseret 401(k) Plan reported $6.1B in total assets and 25,301 participants in its 2024 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.

100th percentile by assets (of 116,472 plans)

Coverage in Utah

Deseret 401(k) Plan covers 25,301 participants in Utah, 42x the typical Utah plan (state average ~609 per filing). Assets: $6.1B.

$6.1B
total plan assets (2024 EOY): 25,301
covered participants: 100th
percentile by assets (of 116,472 plans): $242,905
avg assets per participant

Deseret 401(k) Plan reported net income fell from $817M in the plan year 2023 filing to $664M in the plan year 2024 filing.
Deseret 401(k) Plan end-of-year assets rose from $5.5B in the plan year 2023 filing to $6.1B in the plan year 2024 filing.
Deseret 401(k) Plan reported participants rose from 24,292 in the plan year 2023 filing to 25,301 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Utah

Industry

Finance & Insurance

Participants vs Utah filers

In Utah, the average filing covers about 609 participants across 1,226 plans. Deseret 401(k) Plan reports 25,301 participants - 42x that state average ($6.1B EOY assets).

Utah filing particulars

Total Assets (Beginning of Year)	$5.5B
Net Assets (End of Year)	$6.1B
Net Income	$664M
Employer EIN	870440163
Plan Effective Date	1984-02-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Deseret Mutual Benefit Administrators)

Total plan assets by year, all Deseret Mutual Benefit Administrators plans on file

Year	Plans	Participants	Total Assets
2022	3	35,571	$12.4B
2023	3	35,517	$13.2B
2024	3	35,796	$13.2B

Nearby 401(k) Plans in Utah

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Deseret 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants

Intermountain Health 401(k) Plan $6.8B · 68,360
Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan $1.9B · 9,972
Skywest, Inc. Employees' Retirement Plan $1.4B · 14,259
Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan $687M · 1,926
Autoliv Asp, Inc. Employee Savings and Investment Plan $687M · 4,130

Compare Deseret 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Deseret 401(k) Plan by total assets, not by location.

Textron Savings Plan (RI) $6.1B · 26,609
Applied Materials, Inc. Employee Savings & Retirement Plan (CA) $6.2B · 14,940
Takeda Pharmaceutical U.S.a., Inc. Savings and Retirement Plan (MA) $6.2B · 23,253
Sony USA 401(k) Plan (NY) $6.2B · 13,894

Frequently Asked Questions

How did Deseret 401(k) Plan assets move in 2024? ▼

Deseret 401(k) Plan grew at a solid clip - up 12.1% during 2024, from $5.5B to $6.1B. Reported net income was $664M.

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 401(k) Plan rank by assets among Form 5500 filers? ▼

Deseret 401(k) Plan ranks in the 100th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Deseret 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Textron Savings Plan in RI ($6.1B, 26,609 participants).

Next read for Deseret 401(k) Plan

Filing takeaways

Ways to act on Deseret 401(k) Plan's numbers.

By total assets, Deseret 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Utah. Compare plans
Deseret Mutual Benefit Administrators's sponsor-wide assets have grown 6.5% since 2022 across 3 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.