State retirement profile · Form 5500

Retirement Plans in Rhode Island

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

Data updated 2026-08-25

434
Plans
$102.5B
Total assets
#23
By assets

$102.5B across 434 plans

According to DOL Form 5500 filings (plan year 2024), Rhode Island has 434 employer-sponsored retirement plans holding $102.5B in total assets for 629,031 participants, ranking 23rd nationally by plan assets, with 73% structured as 401(k)s and an average of $236M per plan.

  • 23rd nationally by plan assets
  • 73% 401(k) plans

The state in one line

Rhode Island hosts 434 employer-sponsored retirement plans holding $102.5B for 629,031 participants, the 23rd-largest state by plan assets.

$102.5B
total plan assets
434
employer plans
$162,917
avg assets per participant
73%
of plans are 401(k)s
401(k) Plans
318
Participants
629,031

What the Form 5500 Data Shows for Rhode Island

Rhode Island: 434 employer-sponsored plans (318 401(k)), $102.5B aggregate assets, 629,031 participants. Average plan: $236M; largest is CVS Health Future Fund 401(k) Plan at $30.1B. Leading sector by assets: Retail Trade (30%). These figures aggregate the 434 Form 5500 filings Rhode Island sponsors submitted for plan year 2024, counted by sponsor headquarters rather than participant residence; a plan administered in Rhode Island can cover workers across several states, and the methodology page details that HQ-vs-residence distinction. DOL Form 5500 methodology + HQ-vs-residence caveats →

CVS Health Future Fund 401(k) Plan accounts for 29.4% of all Rhode Island retirement plan assets

That dominant concentration means Rhode Island-wide averages can mask substantial variation outside the dominant entity. CVS Health Corporation sponsors the filing; drill into the plan page for schedules and audit detail. When one entity dominates a region's footprint, its programmatic and budget decisions effectively set policy for a majority of participants counted in this state total.

DOL Form 5500 plan year 2024

Retail Trade leads Rhode Island plan assets (30%)

Among plans headquartered here, Retail Trade accounts for $30.4B across 22 filings, ahead of Management of Enterprises at $20.2B. 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

Where Rhode Island sits in the Form 5500 corpus

Rhode Island ranks in the upper half by plan assets (#23 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

Rhode Island's place in the national asset distribution

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

$102,479,847,397 Top 39% higher than 61% of 56 states with reported plan assets

Rhode Island $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

Rhode Island's retirement-plan mix

1. 401(k)3182. Profit Sharing433. Other324. Defined Benefit (Pension)225. ESOP12
The five most common Form 5500 plan types among sponsors headquartered in Rhode Island. 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 Rhode Island

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

Industry Plans Assets
Retail Trade 22 $30.4B
Management of Enterprises 2 $20.2B
Manufacturing 70 $17.5B
Finance & Insurance 39 $13.8B
Healthcare & Social Assistance 87 $5.9B

Largest Plans in Rhode Island

# Plan Name Type Participants Total Assets
1 CVS Health Future Fund 401(k) Plan 401(k) 240,493 $30.1B
2 The Bank of America Pension Plan Defined Benefit (Pension) 53,831 $19.0B
3 Textron Savings Plan 401(k) 26,609 $6.1B
4 Textron Master Retirement Plan Defined Benefit (Pension) 6,888 $5.5B
5 Cfg Retirement Savings Plan 401(k) 17,893 $3.2B
6 Factory Mutual Insurance Company Pension Plan Defined Benefit (Pension) 3,656 $3.0B
7 Unfi 401(k) Plan 401(k) 26,416 $2.8B
8 Bell Helicopter Textron Master Retirement Plan Defined Benefit (Pension) 2,671 $2.3B
9 Factory Mutual Insurance Company 401(k) Savings Plan 401(k) 4,005 $1.9B
10 Amica Pension Fund Defined Benefit (Pension) 2,172 $1.7B
11 Brown University Defined Contribution Legacy Retirement Plan Other 1,257 $1.5B
12 Igt 401(k) Retirement Savings Plan 401(k) 6,006 $1.4B
13 Brown Health 403(b) Retirement Plan Other 9,054 $1.3B
14 Brown Health 401(k) Retirement Savings Plan 401(k) 15,838 $1.2B
15 Cfg Pension Plan Defined Benefit (Pension) 2,962 $1.2B
16 The Bank of America Transferred Savings Account Plan ESOP 4,298 $1.1B
17 Gilbane 401(k) & Retirement Plan 401(k) 3,405 $1.0B
18 Amica 401(k) Retirement Savings Plan 401(k) 3,528 $989M
19 Hasbro, Inc. Retirement Savings Plan 401(k) 2,379 $985M
20 Brown University Defined Contribution Deferred Vesting Retirement Plan Other 6,202 $974M
21 Care New England 403(b) Match & Savings Plan Profit Sharing 7,381 $570M
22 Brown Health Defined Benefit Retirement Plan Defined Benefit (Pension) 7,041 $538M
23 Providence College 403(b) Plan Other 1,046 $393M
24 Rhode Island Laborers Pension Plan Defined Benefit (Pension) 1,578 $378M
25 Johnson & Wales University 401(k) Retirement Savings Plan 401(k) 1,251 $368M

Nearby States by Retirement Plan Footprint

States ranked adjacent to Rhode Island by total retirement plan assets.

Compare Rhode Island side-by-side with 3 peer states →

Nationwide states with similar retirement plan scale

Two DOL Form 5500-derived peer sets for Rhode Island, 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 (434 here).

Montana 404 plans New Mexico 466 plans Delaware 397 plans West Virginia 380 plans

Similar total assets

Nearest other states by aggregate plan assets ($102.5B here).

Arizona $94.3B Oregon $91.0B Colorado $88.7B Iowa $79.7B

Frequently Asked Questions

What is the largest retirement plan headquartered in Rhode Island? ▼
The largest Form 5500 filing by assets with a headquarters address in Rhode Island is CVS Health Future Fund 401(k) Plan ($30.1B, 240,493 participants).
How concentrated are Rhode Island retirement plan assets? ▼
CVS Health Future Fund 401(k) Plan alone accounts for about 29% of the state's Form 5500 plan assets in plan year 2024. State averages can mask that concentration.
Which industry leads Rhode Island retirement plan assets? ▼
Retail Trade leads with $30.4B across 22 plans headquartered here (30% of state plan assets).
How does Rhode Island compare to other states for retirement plans? ▼
Rhode Island ranks in the upper half by plan assets (#23 of 56). Its totals are large enough for industry-mix and largest-plan concentration to matter more than the headline alone.

Next read for Rhode Island

Concentration reading

Ways to act on Rhode Island's numbers.

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