State retirement profile · Form 5500

Retirement Plans in Indiana

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

Data updated 2026-08-25

2,302
Plans
$150.5B
Total assets
#22
By assets

$150.5B across 2,302 plans

According to DOL Form 5500 filings (plan year 2024), Indiana has 2,302 employer-sponsored retirement plans holding $150.5B in total assets for 1,245,720 participants, ranking 22nd nationally by plan assets, with 75% structured as 401(k)s and an average of $65M per plan.

  • 22nd nationally by plan assets
  • 75% 401(k) plans

The state in one line

Indiana hosts 2,302 employer-sponsored retirement plans holding $150.5B for 1,245,720 participants, the 22nd-largest state by plan assets.

$150.5B
total plan assets
2,302
employer plans
$120,804
avg assets per participant
75%
of plans are 401(k)s
401(k) Plans
1,718
Participants
1,245,720

What the Form 5500 Data Shows for Indiana

Indiana: 2,302 employer-sponsored plans (1,718 401(k)), $150.5B aggregate assets, 1,245,720 participants. Average plan: $65M; largest is The Lilly Employee 401(k) Plan at $13.1B. Leading sector by assets: Manufacturing (43%). These figures aggregate the 2,302 Form 5500 filings Indiana sponsors submitted for plan year 2024, counted by sponsor headquarters rather than participant residence; a plan administered in Indiana can cover workers across several states, and the methodology page details that HQ-vs-residence distinction. DOL Form 5500 methodology + HQ-vs-residence caveats →

Manufacturing leads Indiana plan assets (43%)

Among plans headquartered here, Manufacturing accounts for $65.1B across 533 filings, ahead of Finance & Insurance at $21.9B. 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

Indiana hosts 171 ESOP filings

Employee Stock Ownership Plans here hold $6.1B. 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 Indiana sits in the Form 5500 corpus

Indiana ranks in the upper half by plan assets (#22 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

Indiana's place in the national asset distribution

All states with reported Form 5500 plan assets · plan year 2024

$150,488,548,197 Top 37% higher than 63% of 56 states with reported plan assets

Indiana $0 $1,324,371,844,360 state retirement-plan assets, bucketed by value

Dashed line + filled bar = this entry, among states with reported plan assets.

Source U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024

Indiana's retirement-plan mix

1. 401(k)1,7182. Profit Sharing1863. ESOP1714. Defined Benefit (Pension)1115. Other94
The five most common Form 5500 plan types among sponsors headquartered in Indiana. This count describes filings, not participants or assets.

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024.

Industry mix in Indiana

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

Industry Plans Assets
Manufacturing 533 $65.1B
Finance & Insurance 175 $21.9B
Healthcare & Social Assistance 297 $17.1B
Construction 196 $9.5B
Professional & Technical Services 218 $7.9B

Largest Plans in Indiana

# Plan Name Type Participants Total Assets
1 The Lilly Employee 401(k) Plan 401(k) 19,977 $13.1B
2 Elevance Health 401(k) Plan 401(k) 73,120 $12.1B
3 The Lilly Retirement Plan Defined Benefit (Pension) 19,897 $11.8B
4 Cummins Retirement and Savings Plan 401(k) 30,272 $6.4B
5 Iu Health 401(k) Savings Plan 401(k) 38,460 $4.5B
6 Cummins Pension Plan Defined Benefit (Pension) 30,640 $3.2B
7 Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan 401(k) 9,385 $3.0B
8 University of Notre Dame 403(b) Retirement Plan Profit Sharing 10,920 $2.6B
9 Jasper Holdings, Inc Employee Stock Ownership Plan and Trust ESOP 4,295 $2.2B
10 Nisource Inc Retirement Savings Plan 401(k) 7,619 $2.0B
11 Indiana Laborers Pension Fund Defined Benefit (Pension) 11,039 $1.8B
12 Community Health Network 401(k) Retirement Plan 401(k) 16,817 $1.6B
13 Zimmer Biomet Holdings, Inc. Savings and Investment 401(k) Program 401(k) 7,882 $1.5B
14 Cook Group Inc. Profit Sharing Plan 401(k) 8,591 $1.4B
15 Toyota Industries North America Group Associates' 401(k) Retirement Plan 401(k) 15,089 $1.4B
16 Crowe LLP Retirement Plan 401(k) 5,365 $1.3B
17 Elevance Health Cash Balance Plan a Defined Benefit (Pension) 7,552 $1.2B
18 Berry Global Employees 401(k) Retirement Plan 401(k) 17,150 $1.1B
19 Nisource Pension Plan Defined Benefit (Pension) 2,133 $1.0B
20 Infrastructure Prosperity Group Employee Stock Ownership and Deferred Compensation Plan 401(k) 1,148 $998M
21 Schlage Lock Company LLC Employee Savings Plan 401(k) 5,209 $976M
22 Parkview Health System, Inc. 403(b) Plan Other 16,191 $928M
23 Sia Retirement Plan 401(k) 5,957 $903M
24 Deaconess Health System, Inc. 401(k) Plan 401(k) 9,838 $855M
25 Parkview Health System, Inc. Retirement Savings Plan 401(k) 17,488 $794M

Nearby States by Retirement Plan Footprint

States ranked adjacent to Indiana by total retirement plan assets.

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

Nationwide states with similar retirement plan scale

Two DOL Form 5500-derived peer sets for Indiana, each a different nationwide metric so the neighborhoods are not geographic containment (the asset-ranked nearby list above stays regional).

Similar plan count

Nearest other states by reported employer plan filings (2,302 here).

Arizona 2,304 plans Missouri 2,297 plans Tennessee 2,384 plans Maryland 2,484 plans

Similar total assets

Nearest other states by aggregate plan assets ($150.5B here).

District of Columbia $154.1B Rhode Island $102.5B Oregon $91.0B Colorado $88.7B

Frequently Asked Questions

What is the largest retirement plan headquartered in Indiana? ▼
The largest Form 5500 filing by assets with a headquarters address in Indiana is The Lilly Employee 401(k) Plan ($13.1B, 19,977 participants).
Which industry leads Indiana retirement plan assets? ▼
Manufacturing leads with $65.1B across 533 plans headquartered here (43% of state plan assets).
How does Indiana compare to other states for retirement plans? ▼
Indiana ranks in the upper half by plan assets (#22 of 56). Its totals are large enough for industry-mix and largest-plan concentration to matter more than the headline alone.

Next read for Indiana

Industry-mix reading

Ways to act on Indiana's numbers.

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset. Shows the top 25 plans by total assets headquartered in Indiana, out of 130,145 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.