401(k) · DOL Form 5500 · 2024
Deseret Mutual Benefit Administrators 401(k) Plan
Data updated 2026-08-25
- $6.1B
- Total assets Very large vs avg
- 25,301
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $242,905
- Avg per participant Above avg balance/head
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.
- #8,510 in Finance & Insurance (8,549 peers)
Coverage in Utah
Deseret 401(k) Plan covers 25,301 participants in Utah, 43x the typical Utah plan (state average ~592 per filing). Assets: $6.1B.
- #8,510
- in Finance & Insurance (8,549 peers)
- +12.1%
- assets growth YoY
- 62×
- vs typical plan assets (national mean)
Deseret 401(k) Plan's outsized position by total assets
Deseret 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$6,145,738,842 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Deseret 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Deseret 401(k) Plan is a mega filing (25,301 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 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.
Published 5500 schedule card
Filing strip 870440163 · Deseret Mutual Benefit Administrators PY 2024 · 401(k)
Deseret 401(k) Plan · $6.1B · 25,301 · 100th
- NET $6.1B
- NET 25,301
- NET 100th
- NET 401(k)
- NET near Textron Savings Plan
- NET ind #8510
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 401(k) Plan in the asset neighbourhood
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)
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
| 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.
- 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
Scale composition for Deseret 401(k) Plan
Deseret 401(k) Plan reports $6.1B in end-of-year assets across 25,301 participants (0.050% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.027% of 93,925,755 covered participants) - about $242,905 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2024 was $664M.
This plan identity (EIN 870440163, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.7B to $6.1B (+31.8%) while covered participants moved from 23,455 to 25,301 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 23,455 | $4.7B | Open filing |
| 2023 | 24,292 | $5.5B | Open filing |
| 2024 · index core | 25,301 | $6.1B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Deseret Mutual Master Retirement Plan (Defined Benefit (Pension), $7.1B, 10,478 participants)
Deseret 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Utah, the nearest 401(k) by assets is Textron Savings Plan in RI ($6.1B); by covered participants it is AT&T Savings and Security Plan in TX (25,236 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($6.1B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (25,301 participants); asset peers above are excluded.
- AT&T Savings and Security Plan (TX) 25,236 · 65 off
- Autonation 401(k) Plan (FL) 25,138 · 163 off
- Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan (CA) 25,100 · 201 off
- Iowa Health System Section 401(k) Retirement Savings Plan (IA) 25,072 · 229 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.