Plan Ledger DOL Form 5500 · updated monthly

The Prudential Insurance Company of America401(k) + ESOP (KSOP)

THE PRUDENTIAL EMPLOYEE SAVINGS PLAN · NEWARK, NJ · plan year 2024

Employer contribution per participant · 2024
$5,241

The Prudential Insurance Company of America's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $10,729,306,593 across 37,401 participant accounts, with employer contributions averaging $5,241 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.000% to 0.000%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 8th-largest of 2,419 plans among New Jersey employers on file, and the 16th of 4,798 in finance & insurance. In 2024, employees put in $3.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,729,306,593
Participants with balances37,401
Active participants16,248
Employer contributions$85,158,725
Employee contributions$299,279,381
Employer contribution per active participant$5,241
Average account balance$286,872
Benefits paid to participants$1,260,601,094
Plan auditUnmodified (clean) audit opinion
AuditorMITCHELL & TITUS
Plan history3
Yearassets · accounts · employer contribution
2024$10.7B · 37,401 accts · $85.2M emplr
2023$10.4B · 43,542 accts · $83.8M emplr
2022$9.8B · 42,769 accts · $75.8M emplr
The The Prudential Insurance Company of America 401(k) match · 2024
Employer contribution per active participant$5,241
Median for plans this size$5,259
2024$5,241 per active participant
2023$4,741 per active participant
2022$4,645 per active participant

The Prudential Insurance Company of America's 2024 employer contribution ran below the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023$2,852 · 0.00%
2022$3,204 · 0.00%
Same employer
Similar plansFinance & Insurance · New Jersey
Ath Holding Company, LLC IN$12.1B · 0.05%
Liberty Mutual Group Inc. MA$10.8B · 0.12%
Travelers Companies, Inc. MN$10.4B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221211670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.