401(k) · DOL Form 5500 · 2024

New York Life Insurance Company 401(k) Plan

Data updated 2026-07-24

$5.0B
Total assets: 12,949
Participants: 100th
Percentile by assets: $385,273
Avg per participant

Official DOL plan name: New York Life Insurance Company Employee Progress Sharing Investment Plan · Sponsored by New York Life Insurance Company · New York · Finance & Insurance

$5.0B in assets, 12,949 participants

New York Life Insurance Company's New York Life Insurance Company Employee Progress Sharing Investment Plan reported $5.0B in total assets and 12,949 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 New York

New York Life Insurance Company Employee Progress Sharing Investment Plan covers 12,949 participants in New York, 16x the typical New York plan (state average ~795 per filing). Assets: $5.0B.

$5.0B
total plan assets (2024 EOY): 12,949
covered participants: 100th
percentile by assets (of 116,472 plans): $385,273
avg assets per participant

New York Life Insurance Company Employee Progress Sharing Investment Plan reported net income fell from $477M in the plan year 2023 filing to $428M in the plan year 2024 filing.
New York Life Insurance Company Employee Progress Sharing Investment Plan end-of-year assets rose from $4.6B in the plan year 2023 filing to $5.0B in the plan year 2024 filing.
New York Life Insurance Company Employee Progress Sharing Investment Plan reported participants rose from 12,759 in the plan year 2023 filing to 12,949 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

New York

Industry

Finance & Insurance

Participants vs New York filers

In New York, the average filing covers about 795 participants across 8,491 plans. New York Life Insurance Company Employee Progress Sharing Investment Plan reports 12,949 participants - 16x that state average ($5.0B EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$4.6B
Net Assets (End of Year)	$5.0B
Net Income	$428M
Employer EIN	135582869
Plan Effective Date	1969-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (New York Life Insurance Company)

Total plan assets by year, all New York Life Insurance Company plans on file

Year	Plans	Participants	Total Assets
2022	3	36,622	$8.1B
2023	4	44,938	$12.9B
2024	4	45,855	$13.3B

Nearby 401(k) Plans in New York

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

New York Life Insurance Company Employee Progress Sharing Investment Plan vs. nearby 401(k) plans in New York, assets vs. participants

IBM 401(k) Plan $60.4B · 52,674
Morgan Stanley 401(k) Plan $22.2B · 53,860
Pfizer Savings Plan $22.0B · 33,309
The Pepsico Savings Plan $14.9B · 137,398
The Goldman Sachs 401(k) Plan $12.8B · 23,227

Compare New York Life Insurance Company Employee… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to New York Life Insurance Company Employee Progress Sharing Investment Plan by total assets, not by location.

Kimberly-Clark Corporation 401(k) & Profit Sharing Plan (WI) $5.0B · 11,661
Farmers Group, Inc. 401(k) Savings Plan (CA) $5.0B · 19,026
International Paper Company Salaried Savings Plan (TN) $5.0B · 12,564
Westrock Company 401(k) Retirement Savings Plan (GA) $5.0B · 32,796

Frequently Asked Questions

How did New York Life Insurance Company Employee Progress Sharing Investment Plan assets move in 2024? ▼

New York Life Insurance Company Employee Progress Sharing Investment Plan grew at a solid clip - up 9.4% during 2024, from $4.6B to $5.0B. Reported net income was $428M.

How have New York Life Insurance Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), New York Life Insurance Company's sponsor-wide assets grew 63.2%, from $8.1B to $13.3B.

Where does New York Life Insurance Company Employee Progress Sharing Investment Plan rank by assets among Form 5500 filers? ▼

New York Life Insurance Company Employee Progress Sharing Investment 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 New York Life Insurance Company Employee Progress Sharing Investment Plan? ▼

Among 401(k) plans in other states, the closest by assets is Kimberly-Clark Corporation 401(k) & Profit Sharing Plan in WI ($5.0B, 11,661 participants).

Next read for New York Life Insurance Company Employee…

Filing takeaways

Ways to act on New York Life Insurance Company Employee Progress Sharing Investment Plan's numbers.

By total assets, New York Life Insurance Company Employee Progress Sharing Investment 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 New York. Compare plans
New York Life Insurance Company's sponsor-wide assets have grown 63.2% 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 135582869.

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.