Who uses Dimensional Fund Advisors?

128 retirement plans list Dimensional Fund Advisors as a service provider on Schedule C of Form 5500. The largest clients by plan assets include Microsoft Corporation, Bank of America Corporation, Citigroup Inc. and Pepsico, Inc.. Most client plans are sponsored in PA, TX and MD.

How many plans does Dimensional Fund Advisors serve?

Dimensional Fund Advisors serves 128 retirement plans with $141.8B in plan assets and 999,244 participants, based on the latest Form 5500 filings through 2024.

What does Dimensional Fund Advisors charge?

Plans reported $3.5M in total Schedule C compensation paid to Dimensional Fund Advisors. The median plan paid $0. Fees vary with plan size and the services each plan buys.

Filings through Oct 24, 2026.

Dimensional Fund Advisors

Matched across 63 name variants in the filings

Dimensional Fund Advisors summary

Dimensional Fund Advisors appears on 128 retirement plans in Form 5500 Schedule C filings through plan year 2024. Those plans hold $141.8B in assets for 999,244 participants. The median client plan holds $13.5M. Most client plans are sponsored in PA, TX and MD. The largest clients by plan assets are Microsoft Corporation, Bank of America Corporation and Citigroup Inc.. Plans reported $3.5M in direct and indirect compensation paid to Dimensional Fund Advisors. The median is $0 per plan.

Participants: 999,244
Median plan assets: $13.5M
Median plan participants: 275
Median fees per plan: $0; Schedule C direct + indirect

Top 25 client plans by assets

Latest Form 5500 filing per plan through 2024

Sponsor	State	Assets	Participants
Microsoft Corporation	WA	$77.9B	184,329
Bank of America Corporation	RI	$19.9B	154,763
Citigroup Inc.	CT	$10.0B	114,287
Pepsico, Inc., plan 004	NY	$6.6B	47,771
Pepsico, Inc., plan 121	NY	$4.6B	82,726
Discover Financial Services	IL	$3.2B	27,261
Paccar Inc	WA	$3.1B	17,931
BD of Trustees-Legacy Plan of the National Retirement Fund	NY	$2.0B	176,183
Equifax, Inc	GA	$1.7B	9,202
Eurofins NSC US, Inc.	PA	$1.5B	20,421
Board of Trustees, United Association Union Local No.	OR	$1.5B	0
Hanford Pension & Savings Plans Committee	WA	$1.3B	7,381
Centerpoint Energy, Inc.	TX	$1.1B	11,486
Selective Insurance Company of America	NJ	$852M	3,928
Board of Trustees of Division 1181 Atu - NY Employess Pension Fund and	NY	$825M	14,070
BD of Trustees PDC Pension Fund	MA	$806M	4,737
Board of Trustees, Pension Fund of Local No. One of I.A.T.S.E.	NY	$743M	4,791
Capital Blue Cross	PA	$536M	2,738
Painters Annuity Council No. 35 Annuity Fund	MA	$527M	6,176
Cleco Power LLC	LA	$520M	1,535
Board of Trustees Retail Food Employers & UFCW Local 711 Pension	UT	$477M	27,576
Revlon Consumer Products LLC	NY	$247M	4,378
York Building Products Co., Inc.	PA	$107M	659
Joint Board of Administration C/O Benesys	MI	$102M	933
Bridgeway Benefit Technologies, LLC	MD	$86.8M	454

Microsoft Corporation$77.9B
WAParticipants 184,329
Bank of America Corporation$19.9B
RIParticipants 154,763
Citigroup Inc.$10.0B
CTParticipants 114,287
Pepsico, Inc., plan 004$6.6B
NYParticipants 47,771
Pepsico, Inc., plan 121$4.6B
NYParticipants 82,726
Discover Financial Services$3.2B
ILParticipants 27,261
Paccar Inc$3.1B
WAParticipants 17,931
BD of Trustees-Legacy Plan of the National Retirement Fund$2.0B
NYParticipants 176,183
Equifax, Inc$1.7B
GAParticipants 9,202
Eurofins NSC US, Inc.$1.5B
PAParticipants 20,421
Board of Trustees, United Association Union Local No.$1.5B
ORParticipants 0
Hanford Pension & Savings Plans Committee$1.3B
WAParticipants 7,381
Centerpoint Energy, Inc.$1.1B
TXParticipants 11,486
Selective Insurance Company of America$852M
NJParticipants 3,928
Board of Trustees of Division 1181 Atu - NY Employess Pension Fund and$825M
NYParticipants 14,070
BD of Trustees PDC Pension Fund$806M
MAParticipants 4,737
Board of Trustees, Pension Fund of Local No. One of I.A.T.S.E.$743M
NYParticipants 4,791
Capital Blue Cross$536M
PAParticipants 2,738
Painters Annuity Council No. 35 Annuity Fund$527M
MAParticipants 6,176
Cleco Power LLC$520M
LAParticipants 1,535
Board of Trustees Retail Food Employers & UFCW Local 711 Pension$477M
UTParticipants 27,576
Revlon Consumer Products LLC$247M
NYParticipants 4,378
York Building Products Co., Inc.$107M
PAParticipants 659
Joint Board of Administration C/O Benesys$102M
MIParticipants 933
Bridgeway Benefit Technologies, LLC$86.8M
MDParticipants 454

Top client states

PA13 plans
TX10 plans
MD8 plans
NY8 plans
CA7 plans

Frequently asked questions

Who uses Dimensional Fund Advisors?: 128 retirement plans list Dimensional Fund Advisors as a service provider on Schedule C of Form 5500. The largest clients by plan assets include Microsoft Corporation, Bank of America Corporation, Citigroup Inc. and Pepsico, Inc.. Most client plans are sponsored in PA, TX and MD.
How many plans does Dimensional Fund Advisors serve?: Dimensional Fund Advisors serves 128 retirement plans with $141.8B in plan assets and 999,244 participants, based on the latest Form 5500 filings through 2024.
What does Dimensional Fund Advisors charge?: Plans reported $3.5M in total Schedule C compensation paid to Dimensional Fund Advisors. The median plan paid $0. Fees vary with plan size and the services each plan buys.

Analytics

Market position · 2024

Plans served128+11 YoYRank #161 of mapped providers

Assets under administration$141.8B0.1%Rank #95 by share of filed assets

Fees received$3MMedian $0/planSum across Schedule C direct + indirect

Net wins YoY+722 won - 15 lostPlan-level switch detection

Plans served · 5-year trajectory

Plan count by year, with the share of all plans.

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Customer-base shape

Participant bands, asset bands, top states and top industries.

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5-year plans-served trajectory
Customer-base shape
Median fees per service
Competitor overlap
Plans won and lost
Top plans by assets

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Fund lineups on plans this firm keeps

Search these plans

Large plans that name Dimensional Fund Advisors as recordkeeper and list their funds in their filing.

Plans

$7.8M in funds

In collective trusts

average plan

In Dimensional Fund Advisors funds

average plan

In index funds

73%

average plan

Top managers in these lineups

Manager	Plans
Vanguard	1
T. Rowe Price	1

Target-date series

Series	Plans
Vanguard Target Retirement	1

Covers 71,410 large plans that list their funds in their annual filing. Updated Nov 6, 2026. Shares describe these plans, not the whole market.