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Retirement plan

THE GOLDMAN SACHS 401(K) PLAN

THE GOLDMAN SACHS GROUP, INC.EIN 13-4019460Plan #001PY 2023
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200 WEST STREET - NEW YORK, NY 10282212-902-1000LinkedIn10001+ employeesfinancial services
Other plans on this EIN
2 filings
#002Retirement-$842.8M assets#003Retirement-$3.9M assets
Prospect flagsHigh fees

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(212) 902-1000
How to read this page

Summary metrics

Total assets (EOY)
$11428.7M
-1.4% from 2016
Total participants
48,550
-1.8% from 2016
Average account balance
$237,523
+1.4% from 2016
Annual return
18.96%
-6.55 pp from 2016

Benchmarks

See 90 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort90 peers
Snapshot2023
Participant deferral / active EE
$14,899
median $8,090
Employer contribution / active EE
$8,907
median $4,596
Participation rate
98.1%
median 96.7%
Avg account balance
$237,523
median $125,798
Admin fee / account holder
$310
median $54
Annual return
18.96%
median 18.72%
Overall peer rank
66th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$12.81B
Average account balance
Total assets / participants with a balance (line 6g)
$262K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
48,807
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.0%
Contributions (total)
Employer and participant dollars contributed each year
$551.48M
Contributions per participant
Average employer and participant contribution per enrolled participant
$23K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.17%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$330
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 16 by compensation
ProviderService typeCompensation
WELLINGTON MANAGEMENT COMPANY LLP9+ years
Service code 28 · EIN 30-0835489
Investment Management
$3,078,007
VICTORY CAPITAL7 years
Service code 28 · EIN 13-2700161
Investment Management
$2,341,300
BLACKROCK INST TR COMPANY NA9+ years
Service code 21 · EIN 94-3112180
Bank Trustee
$1,316,309
ARTISAN PARTNERS LTD. PARTNERSHIP9+ years
Service code 28 · EIN 30-0551775
Investment Management
$1,089,534
DIAMOND HILL CAPITAL MANAGEMENT INC7 years
Service code 28 · EIN 31-1019984
Investment Management
$993,037
PIMCO9+ years
Service code 28 · EIN 33-0629048
Investment Management
$953,171
ALIGHT SOLUTIONS LLC7 years
Service code 15 · EIN 82-1061233
Recordkeeping
$933,787
T. ROWE PRICE ASSOCIATES, INC.9+ years
Service code 28 · EIN 52-0556948
Investment Management
$920,167
HARDING LOEVNER LP7 years
Service code 28 · EIN 27-0684167
Investment Management
$883,763
CENTERSQUARE INVESTMENT MANAGEMENT9+ years
Service code 28 · EIN 82-2740355
Investment Management
$824,191

Top hat statement on fileNQDC

Filed February 7, 2005 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3F3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II
Admin total
$14.9M
$642 / participant
  • Recordkeeping$934K6.3%
  • Trustee / custodial$710.0%
  • Investment mgmt$14M91.4%
  • Other / not subdivided$355K2.4%
% of EOY assets
0.131%
all-in expense ratio
Categories reported
3 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
PRICEWATERHOUSECOOPERS LLP
Auditor EIN
134008324
Audit fees
$215,436
Opinion code
Unqualified