Defined Benefit (Pension) · DOL Form 5500 · 2024

Deseret Mutual Benefit Administrators Pension Plan

Data updated 2026-07-24

$7.1B
Total assets: 10,478
Participants: 100th
Percentile by assets: $674,918
Avg per participant

Official DOL plan name: Deseret Mutual Master Retirement Plan · Sponsored by Deseret Mutual Benefit Administrators · Utah · Finance & Insurance

$7.1B in assets, 10,478 participants

Deseret Mutual Benefit Administrators's Deseret Mutual Master Retirement Plan reported $7.1B in total assets and 10,478 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 Mutual Master Retirement Plan covers 10,478 participants in Utah, 17x the typical Utah plan (state average ~609 per filing). Assets: $7.1B.

$7.1B
total plan assets (2024 EOY): 10,478
covered participants: 100th
percentile by assets (of 116,472 plans): $674,918
avg assets per participant

The plan reported a net loss of $567M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Deseret Mutual Master Retirement Plan reported net income fell from -$90M in the plan year 2023 filing to -$567M in the plan year 2024 filing.
Deseret Mutual Master Retirement Plan end-of-year assets fell from $7.7B in the plan year 2023 filing to $7.1B in the plan year 2024 filing.
Deseret Mutual Master Retirement Plan reported participants fell from 11,210 in the plan year 2023 filing to 10,478 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 Mutual Master Retirement Plan reports 10,478 participants - 17x that state average ($7.1B EOY assets).

Utah filing particulars

Total Assets (Beginning of Year)	$7.7B
Net Assets (End of Year)	$7.0B
Net Income	-$567M
Employer EIN	870440163
Plan Effective Date	1970-01-01
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 Defined Benefit (Pension) Plans in Utah

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

Deseret Mutual Master Retirement Plan vs. nearby Defined Benefit (Pension) plans in Utah, assets vs. participants

Intermountain Healthcare Pension Plan $3.4B · 26,724
Rio Tinto America Inc. Retirement Plan $916M · 1,564
America First Credit Union Pension Plan $600M · 2,645
Retail Food Employers & Ufcw Local 711 Pension $367M · 8,046
Retirement Plan for Employees of Intermountain Power Service Corporation $330M · 315

Compare Deseret Mutual Master Retirement Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Deseret Mutual Master Retirement Plan by total assets, not by location.

Cox Enterprises, Inc. Pension Plan (GA) $7.1B · 22,501
Steelworkers Pension Trust (PA) $7.2B · 46,110
Delta Retirement Plan (GA) $7.3B · 15,222
Pepsico Employees Retirement Plan I (NY) $6.8B · 11,289

Frequently Asked Questions

How did Deseret Mutual Master Retirement Plan assets move in 2024? ▼

Deseret Mutual Master Retirement Plan pulled back noticeably - down 8.6% during 2024, from $7.7B to $7.1B. Reported net income was -$567M.

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 Mutual Master Retirement Plan rank by assets among Form 5500 filers? ▼

Deseret Mutual Master Retirement 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 Defined Benefit (Pension) plans are similar in size to Deseret Mutual Master Retirement Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Cox Enterprises, Inc. Pension Plan in GA ($7.1B, 22,501 participants).

Next read for Deseret Mutual Master Retirement Plan

Filing takeaways

Ways to act on Deseret Mutual Master Retirement Plan's numbers.

By total assets, Deseret Mutual Master Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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.