State retirement profile · Form 5500

Retirement Plans in New York

According to DOL Form 5500 filings (plan year 2024), employer-sponsored 401(k), pension, and other retirement plans headquartered in New York report the totals below.

Data updated 2026-08-06

8,491
Plans
$1.0T
Total assets
#2
By assets

$1.0T across 8,491 plans

According to DOL Form 5500 filings (plan year 2024), New York has 8,491 employer-sponsored retirement plans holding $1.0T in total assets for 6,749,754 participants, ranking 2nd nationally by plan assets, with 68% structured as 401(k)s and an average of $122M per plan.

  • 2nd nationally by plan assets
  • 68% 401(k) plans

The state in one line

New York hosts 8,491 employer-sponsored retirement plans holding $1.0T for 6,749,754 participants, the 2nd-largest state by plan assets.

$1.0T
total plan assets
8,491
employer plans
$153,833
avg assets per participant
68%
of plans are 401(k)s
401(k) Plans
5,746
Participants
6,749,754

What the Form 5500 Data Shows for New York

New York: 8,491 employer-sponsored plans (5,746 401(k)), $1.0T aggregate assets, 6,749,754 participants. Average plan: $122M; largest is IBM 401(k) Plan at $60.4B. Leading sector by assets: Finance & Insurance (21%). These figures aggregate the 8,491 Form 5500 filings New York sponsors submitted for plan year 2024, counted by sponsor headquarters rather than participant residence; a plan administered in New York can cover workers across several states, and the methodology page details that HQ-vs-residence distinction. DOL Form 5500 methodology + HQ-vs-residence caveats →

Finance & Insurance leads New York plan assets (21%)

Among plans headquartered here, Finance & Insurance accounts for $218.7B across 922 filings, ahead of Professional & Technical Services at $199.1B. Sector mix is a Form 5500-derived signal: it reflects where sponsors file from, not where every participant lives.

DOL Form 5500 plan year 2024

New York still carries a measurable defined-benefit footprint

801 defined-benefit / pension filings (9% of plans here) hold $232.4B. That share is high enough to keep pension-vs-401(k) comparisons useful for this state, not just national averages.

DOL Form 5500 plan year 2024

Where New York sits in the Form 5500 corpus

New York sits in the top decile of U.S. states by Form 5500 plan assets (#2 of 56), so national rankings and peer comparisons are the useful next read.

DOL Form 5500 plan year 2024

Industry mix in New York

Top sectors by Form 5500 plan assets for sponsors headquartered here (plan year 2024).

Industry Plans Assets
Finance & Insurance 922 $218.7B
Professional & Technical Services 1,512 $199.1B
Manufacturing 836 $141.0B
Healthcare & Social Assistance 1,278 $112.9B
Educational Services 392 $69.8B

Largest Plans in New York

# Plan Name Type Participants Total Assets
1 IBM 401(k) Plan 401(k) 52,674 $60.4B
2 Morgan Stanley 401(k) Plan 401(k) 53,860 $22.2B
3 Pfizer Savings Plan 401(k) 33,309 $22.0B
4 IBM Personal Pension Plan Defined Benefit (Pension) 48,014 $17.9B
5 1199seiu Health Care Employees Pension Fund Defined Benefit (Pension) 111,833 $16.9B
6 Consolidated Edison Retirement Plan Defined Benefit (Pension) 10,608 $15.6B
7 The Pepsico Savings Plan 401(k) 137,398 $14.9B
8 The Goldman Sachs 401(k) Plan 401(k) 23,227 $12.8B
9 Northwell Health 403(b) Plan Other 44,511 $10.9B
10 Pfizer Consolidated Pension Plan Defined Benefit (Pension) 8,876 $10.0B
11 McKinsey & Company, Inc. (Psrp) Profit Sharing Retirement Plan 401(k) 17,700 $9.8B
12 The Mount Sinai Medical Center 403(b) Retirement Plan Other 46,826 $9.5B
13 American Express Retirement Savings Plan 401(k) 25,030 $9.1B
14 GE Energy Pension Plan Defined Benefit (Pension) 5,829 $8.9B
15 GE Vernova Retirement Savings Plan 401(k) N/A $8.2B
16 Warner Bros. Discovery 401(k) Savings Plan 401(k) 18,233 $8.1B
17 Deferred Salary Plan of the Electrical Industry 401(k) 27,777 $8.0B
18 Marsh & Mclennan Companies 401(k) Savings and Investment Plan 401(k) 20,222 $7.4B
19 Pepsico Employees Retirement Plan I Defined Benefit (Pension) 11,289 $6.8B
20 Memorial Sloan Kettering Cancer Center Retirement Savings Plan Other 22,606 $6.4B
21 National Grid USA Co. Incentive Thrift Plan 401(k) 17,179 $6.4B
22 Paramount Global 401(k) Plan (Fka Viacomcbs 401(k) Plan) 401(k) 17,755 $6.4B
23 The Consolidated Edison Thrift Savings Plan 401(k) 14,092 $6.4B
24 Sony USA 401(k) Plan 401(k) 13,894 $6.2B
25 Tiaa Retirement Plan Money Purchase 11,906 $5.9B

Nearby States by Retirement Plan Footprint

States ranked adjacent to New York by total retirement plan assets.

Compare New York side-by-side with 3 peer states →

Frequently Asked Questions

What is the largest retirement plan headquartered in New York? ▼
The largest Form 5500 filing by assets with a headquarters address in New York is IBM 401(k) Plan ($60.4B, 52,674 participants).
Which industry leads New York retirement plan assets? ▼
Finance & Insurance leads with $218.7B across 922 plans headquartered here (21% of state plan assets).
How does New York compare to other states for retirement plans? ▼
New York sits in the top decile of U.S. states by Form 5500 plan assets (#2 of 56), so national rankings and peer comparisons are the useful next read.

Next read for New York

Industry-mix reading

Ways to act on New York's numbers.

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset. Shows the top 25 plans by total assets headquartered in New York, out of 122,942 ERISA-covered plans nationally. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - state is the plan sponsor's headquarters state as recorded on the Form 5500 filing.

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.