Plan Ledger DOL Form 5500 · updated monthly

The Vanguard Group, Inc.401(k)

THE VANGUARD RETIREMENT AND SAVINGS PLAN · MALVERN, PA · plan year 2024

Employer contribution per participant · 2024
$17,800

The Vanguard Group, Inc.'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 $11,084,818,612 across 26,606 participant accounts, with employer contributions averaging $17,800 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 0.004% to 0.003%. 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 4th-largest of 3,651 plans among Pennsylvania employers on file, and the 13th of 4,798 in finance & insurance. In 2024, the employer put in $1.45 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$11,084,818,612
Participants with balances26,606
Active participants17,477
Employer contributions$311,097,092
Employee contributions$213,978,576
Employer contribution per active participant$17,800
Average account balance$416,629
Benefits paid to participants$544,391,093
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.1B · 26,606 accts · $311.1M emplr
2023$9.8B · 26,972 accts · $293.4M emplr
2022$8.1B · 26,931 accts · $267.3M emplr
The The Vanguard Group, Inc. 401(k) match · 2024
Employer contribution per active participant$17,800
Median for plans this size$5,259
2024$17,800 per active participant
2023$16,240 per active participant
2022$14,685 per active participant

The Vanguard Group, Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. 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$250,848 · 0.00%
2022$309,645 · 0.00%
Same employer
Similar plansFinance & Insurance · Pennsylvania
The Cigna Group PA$14.1B · 0.02%
Edward D. Jones & Co., L.P. MO$12.4B · 0.01%
Ath Holding Company, LLC IN$12.1B · 0.05%
Liberty Mutual Group Inc. MA$10.8B · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231945930 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.