Employers › American Express
Recordkeeping fees per participant · American Express Retirement Savings Plan · plan year 2024
$39.74
Higher than 64% of the 790 plans over $1B that report it.
= $1,515,353 / 38,135
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250626081644NAL0008761217001, received 2025-06-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626081644NAL0008761217001, received 2025-06-26
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-26.
Administrative expenses excluding investment management, per participant
$57.45
Higher than 68% of the 1,045 plans over $1B that report it.
= $2,190,843 / 38,135
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250626081644NAL0008761217001, received 2025-06-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626081644NAL0008761217001, received 2025-06-26
Administrative expenses per participant
$362.98
Higher than 98% of the 1,076 plans over $1B that report it.
= $13,842,105 / 38,135
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250626081644NAL0008761217001, received 2025-06-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626081644NAL0008761217001, received 2025-06-26
Administrative expenses as a share of assets
0.153%
Higher than 96% of the 1,076 plans over $1B that report it.
= $13,842,105 / $9,068,227,739
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250626081644NAL0008761217001, received 2025-06-26
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250626081644NAL0008761217001, received 2025-06-26
Employer contributions per participant
$7,030
Higher than 83% of the 1,135 plans over $1B that report it.
= $268,070,180 / 38,135
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250626081644NAL0008761217001, received 2025-06-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626081644NAL0008761217001, received 2025-06-26
Employer share of total contributions
43.5%
Higher than 82% of the 1,135 plans over $1B that report it.
= $268,070,180 / $615,725,983
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250626081644NAL0008761217001, received 2025-06-26
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250626081644NAL0008761217001, received 2025-06-26
Employer match
“The Company matches 100% of a participant’s Before-Tax Contributions and/or Roth Contributions up to 6% of Total Pay after a participant’s completion of six months of service.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“Eligible employees can qualify to receive Company contributions, if any, upon completion of six months of service.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, general (fallback) · source document
Vesting
“Participants are immediately vested in their elective Before-Tax, Roth and After-Tax Contributions and rollovers, if any, as well as the investment earnings on the foregoing.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“Eligible employees hired for the first time on or after January 1, 2017 as well as eligible employees rehired on or after January 1, 2022 are automatically enrolled to make Before-Tax Contributions equal to 6% of Total Pay, with a 1% automatic increase each year until the rate reaches 10%, unless the employee makes an alternative election to contribute at a different rate or opt out of automatic enrollment.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2I · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · 3J · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250626081644NAL0008761217001, received 2025-06-26
| Field | Value | Source |
|---|---|---|
| Plan sponsor | AMERICAN EXPRESS COMPANY AND ITS PARTICIPATING SUBSIDIARIES | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Plan name | AMERICAN EXPRESS RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Sponsor EIN / plan number | 13-4922250 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Sponsor location | NEW YORK, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Industry (business code) | 522298, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Filing received | 2025-06-26 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Participants, beginning of year | 38,796 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Active participants | 25,049 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Participants, end of year | 38,871 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Participants with an account balance | 38,135 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Total assets, beginning of year | $7,886,798,934 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Total assets, end of year | $9,068,227,739 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Net assets, end of year | $8,921,734,085 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Total income | $1,949,951,439 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Net income | $1,203,675,112 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Employer contributions | $268,070,180 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Participant contributions | $304,464,691 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Other contributions (incl. rollovers) | $43,191,112 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Total contributions | $615,725,983 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Benefit payments | $732,229,509 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Total expenses (incl. benefit payments) | $746,276,327 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Total administrative expenses | $13,842,105 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Recordkeeping fees | $1,515,353 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Investment advisory and management fees | $11,651,262 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Administrative expenses excluding investment management | $2,190,843 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Held in common/collective trusts | $4,285,772,245 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Held in mutual funds | $76,273,894 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250626081644NAL0008761217001, received 2025-06-26 |
| Independent auditor | MCCONNELL & JONES LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250626081644NAL0008761217001, received 2025-06-26 |
Position = column in the DOL layout for form year 2024. Filing 20250626081644NAL0008761217001, received 2025-06-26.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | SERVICE PROVIDER | 15 Recordkeeping and information management; 19 Custodial (securities); 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 37 Participant loan processing; 38 Participant communication; 49 Other services; 50 Direct payment from the plan; 62 Float revenue; 64 Recordkeeping fees | $2,009,783 | yes |
| MORGAN STANLEY INVESTMENT MGMT | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $1,918,448 | no |
| THE LONDON COMPANY | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $1,743,432 | no |
| ATLANTA CAPITAL HIGH QUALITY FOC | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $1,218,851 | no |
| WILLIAM BLAIR | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $1,216,858 | no |
| BRANDYWINE GLOBAL INV MGMT LLC | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $1,047,394 | no |
| WESTWOOD MANAGEMENT CORP | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $1,041,899 | no |
| WELLINGTON MANAGEMENT CO LLC | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $852,612 | no |
| JP MORGAN INVESTMENT MANAGEMENT INC | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $590,867 | no |
| AMERIPRISE TRUST CO. | SERVICE PROVIDER | 25 Trustee (directed); 50 Direct payment from the plan | $459,903 | no |
| LOOMIS SAYLES & CO. LLP | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $348,399 | no |
| NEPC LLC | SERVICE PROVIDER | 27 Investment advisory (plan); 50 Direct payment from the plan | $296,379 | no |
| FIDELITY INST. ASSET MGMT. TR. CO. | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $246,535 | no |
| AMERICAN EXPRESS COMPANY | PLAN SPONSOR | 35 Employee (plan sponsor); 38 Participant communication; 50 Direct payment from the plan | $208,358 | no |
| IR&M CORE FIXED INCOME PORTFOLIO | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $163,249 | no |
| GARCIA HAMILTON CORE FIXED INCOME | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $144,232 | no |
| TIMES SQUARE CAPITAL MANAGEMENT | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $124,590 | no |
| VANGUARD FIDUCIARY TRUST CO. | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $110,485 | no |
| MORNINGSTAR | SERVICE PROVIDER | 38 Participant communication; 50 Direct payment from the plan | $85,503 | no |
| DIANA SALESKY | SERVICE PROVIDER | 38 Participant communication; 50 Direct payment from the plan | $66,499 | no |
| BLACKROCK INSTITUTIONAL TRUST CO | SERVICE PROVIDER | 28 Investment management; 51 Investment management fees paid directly by plan | $64,957 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250626081644NAL0008761217001, received 2025-06-26.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $7,886,798,934 | $9,068,227,739 | 15.0% |
| Participants with a balance | 38,342 | 38,135 | -0.5% |
| Administrative expenses | $13,415,737 | $13,842,105 | 3.2% |
| Recordkeeping fees per participant | $39.91 | $39.74 | -0.4% |
| Employer contributions | $265,004,345 | $268,070,180 | 1.2% |
Prior filing 20240621104243NAL0002424049001, received 2024-06-21; the plan years are contiguous.
Sponsor name as filed: AMERICAN EXPRESS COMPANY AND ITS PARTICIPATING SUBSIDIARIES; SEC registrant: AMERICAN EXPRESS CO (CIK 4962, matched by EIN; display name from the Form 11-K cover).