State retirement profile · Form 5500

Retirement Plans in Arizona

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

Data updated 2026-07-24

2,182
Plans
$90.4B
Total assets
#24
By assets

$90.4B across 2,182 plans

According to DOL Form 5500 filings (plan year 2024), Arizona has 2,182 employer-sponsored retirement plans holding $90.4B in total assets for 1,258,137 participants, ranking 24th nationally by plan assets, with 75% structured as 401(k)s and an average of $41M per plan.

  • 24th nationally by plan assets
  • 75% 401(k) plans

The state in one line

Arizona hosts 2,182 employer-sponsored retirement plans holding $90.4B for 1,258,137 participants, the 24th-largest state by plan assets.

$90.4B
total plan assets
2,182
employer plans
$71,879
avg assets per participant
75%
of plans are 401(k)s
401(k) Plans
1,639
Participants
1,258,137

What the Form 5500 Data Shows for Arizona

Arizona: 2,182 employer-sponsored plans (1,639 401(k)), $90.4B aggregate assets, 1,258,137 participants. Average plan: $41M; largest is Bechtel Trust & Thrift Plan at $6.1B. Leading sector by assets: Healthcare & Social Assistance (14%). These figures aggregate the 2,182 Form 5500 filings Arizona sponsors submitted for plan year 2024, counted by sponsor headquarters rather than participant residence; a plan administered in Arizona can cover workers across several states, and the methodology page details that HQ-vs-residence distinction. DOL Form 5500 methodology + HQ-vs-residence caveats →

Arizona hosts 106 ESOP filings

Employee Stock Ownership Plans here hold $3.5B. ESOP density is uneven across states; when the count clears a meaningful floor, the ESOP ranking and industry pages are the better drill-downs than a 401(k)-only read.

DOL Form 5500 plan year 2024

Where Arizona sits in the Form 5500 corpus

Arizona ranks in the upper half by plan assets (#24 of 56). Its totals are large enough for industry-mix and largest-plan concentration to matter more than the headline alone.

DOL Form 5500 plan year 2024

Industry mix in Arizona

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

Industry Plans Assets
Healthcare & Social Assistance 328 $12.8B
Manufacturing 168 $12.1B
Construction 211 $10.5B
Professional & Technical Services 349 $9.7B
Retail Trade 177 $6.9B

Largest Plans in Arizona

# Plan Name Type Participants Total Assets
1 Bechtel Trust & Thrift Plan 401(k) 7,971 $6.1B
2 Banner Health Employees 401(k) Plan 401(k) 54,731 $4.9B
3 Pinnacle West Capital Corporation Retirement Plan Defined Benefit (Pension) 6,044 $3.1B
4 Salt River Project Employees' Retirement Plan Defined Benefit (Pension) 4,989 $2.9B
5 Freeport-Mcmoran Inc. Employee Capital Accumulation Program 401(k) 13,770 $2.7B
6 Republic Services, Inc. 401(k) Plan 401(k) 32,629 $2.7B
7 Stantec 401(k) Plan 401(k) 11,603 $2.3B
8 Asml US Employees' Savings and Retirement Plan 401(k) 8,351 $1.8B
9 Reliance, Inc. Master 401(k) Plan 401(k) 11,088 $1.7B
10 Pinnacle West Capital Corporation Savings Plan 401(k) 6,085 $1.6B
11 Microchip Technology Incorporated Savings Plan 401(k) 7,051 $1.6B
12 Sequoia One 401(k) Plan 401(k) 35,527 $1.4B
13 Discount Tire/America's Tire Retirement Plan 401(k) 14,124 $1.4B
14 Salt River Project Employees' 401(k) Plan 401(k) 5,712 $1.3B
15 Onsemi 401(k) Plan 401(k) 3,995 $1.3B
16 Honor Health 403(b) Retirement Security Plan Other 14,781 $1.2B
17 Gen Digital Inc. 401(k) Plan 401(k) 1,270 $1.1B
18 Desert States Employers & Ufcw Unions Pension Plan Defined Benefit (Pension) 24,099 $1.0B
19 Knight-Swift Transportation Holdings, Inc. Retirement Plan 401(k) 29,055 $1.0B
20 Vensure Employer Services, Inc. 401(k) Profit Sharing Plan 401(k) 32,207 $982M
21 Insight Enterprises, Inc. 401(k) Plan 401(k) 6,405 $942M
22 Carlisle, LLC Employee Incentive Savings Plan 401(k) 6,033 $870M
23 Blue Yonder, Inc. 401(k) Plan 401(k) 1,237 $704M
24 Phoenix Children's Hospital Section 401(k) Investment Plan 401(k) 7,282 $691M
25 Petsmart, Inc. Savesmart 401(k) Plan 401(k) 47,482 $667M

Nearby States by Retirement Plan Footprint

States ranked adjacent to Arizona by total retirement plan assets.

Compare Arizona side-by-side with 3 peer states →

Frequently Asked Questions

What is the largest retirement plan headquartered in Arizona? ▼
The largest Form 5500 filing by assets with a headquarters address in Arizona is Bechtel Trust & Thrift Plan ($6.1B, 7,971 participants).
Which industry leads Arizona retirement plan assets? ▼
Healthcare & Social Assistance leads with $12.8B across 328 plans headquartered here (14% of state plan assets).
How does Arizona compare to other states for retirement plans? ▼
Arizona ranks in the upper half by plan assets (#24 of 56). Its totals are large enough for industry-mix and largest-plan concentration to matter more than the headline alone.

Next read for Arizona

Plan-type reading

Ways to act on Arizona's numbers.

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset. Shows the top 25 plans by total assets headquartered in Arizona, 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.