State retirement profile · Form 5500
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 2026-08-25
$1.1T across 9,061 plans
According to DOL Form 5500 filings (plan year 2024), New York has 9,061 employer-sponsored retirement plans holding $1.1T in total assets for 7,228,629 participants, ranking 2nd nationally by plan assets, with 65% structured as 401(k)s and an average of $122M per plan.
The state in one line
New York hosts 9,061 employer-sponsored retirement plans holding $1.1T for 7,228,629 participants, the 2nd-largest state by plan assets.
New York: 9,061 employer-sponsored plans (5,933 401(k)), $1.1T aggregate assets, 7,228,629 participants. Average plan: $122M; largest is IBM 401(k) Plan at $60.4B. Leading sector by assets: Finance & Insurance (21%). These figures aggregate the 9,061 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 →
Among plans headquartered here, Finance & Insurance accounts for $227.8B across 973 filings, ahead of Professional & Technical Services at $201.8B. 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
970 defined-benefit / pension filings (11% of plans here) hold $269.0B. 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
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
New York's place in the national asset distribution
All states with reported Form 5500 plan assets · plan year 2024
$1,107,732,586,917 Top 2% higher than 98% of 56 states with reported plan assets
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
Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024.
Top sectors by Form 5500 plan assets for sponsors headquartered here (plan year 2024).
| Industry | Plans | Assets |
|---|---|---|
| Finance & Insurance | 973 | $227.8B |
| Professional & Technical Services | 1,562 | $201.8B |
| Manufacturing | 878 | $144.6B |
| Healthcare & Social Assistance | 1,373 | $115.3B |
| Educational Services | 488 | $81.5B |
States ranked adjacent to New York by total retirement plan assets.
Two DOL Form 5500-derived peer sets for New York, each a different nationwide metric so the neighborhoods are not geographic containment (the asset-ranked nearby list above stays regional).
Nearest other states by reported employer plan filings (9,061 here).
Nearest other states by aggregate plan assets ($1.1T here).
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 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.