Average Employer 401(k) Contribution in 2024

$2,251 — based on 885,810 U.S. retirement plans (2024 DOL Form 5500 filings).

Average employer 401(k) contribution measures the dollars contributed by sponsoring employers — match plus profit-sharing — per active plan year. Median values from DOL Form 5500 filings strip out outliers from a small number of unusually generous plans.

Average Employer 401(k) Contribution by State

StateAvg Employer Contributionvs National
DC$4,719+109.6%
HI$3,143+39.6%
NY$2,972+32.0%
AK$2,837+26.0%
MA$2,807+24.7%
CT$2,797+24.2%
CA$2,692+19.6%
NJ$2,648+17.6%
VA$2,607+15.8%
MD$2,578+14.5%
IL$2,541+12.9%
DE$2,525+12.1%
WA$2,512+11.6%
ND$2,450+8.8%
NH$2,428+7.9%
MT$2,420+7.5%
MN$2,400+6.6%
RI$2,385+6.0%
VT$2,337+3.8%
PA$2,322+3.1%
WY$2,321+3.1%
SD$2,316+2.9%
IA$2,301+2.2%
TX$2,301+2.2%
CO$2,287+1.6%
OR$2,277+1.2%
OH$2,269+0.8%
MO$2,2510.0%
WI$2,248-0.2%
KS$2,237-0.6%
NM$2,230-1.0%
NV$2,230-1.0%
GA$2,225-1.2%
NE$2,214-1.7%
MI$2,182-3.1%
VI$2,175-3.4%
TN$2,173-3.5%
NC$2,142-4.9%
FL$2,132-5.3%
WV$2,127-5.5%
AL$2,094-7.0%
AZ$2,072-8.0%
ME$2,068-8.1%
LA$2,058-8.6%
KY$2,047-9.1%
IN$2,046-9.1%
SC$2,040-9.4%
MS$2,013-10.6%
AR$2,013-10.6%
PR$2,004-11.0%
OK$2,001-11.1%
ID$1,990-11.6%
UT$1,961-12.9%
GU$1,280-43.1%
MP$1,030-54.3%

Average Employer 401(k) Contribution by Industry

IndustryAvg Employer Contributionvs National
Pipeline Transportation$6,503+188.9%
Securities, Commodity Contracts, and Other Financial Investments and Related Activities$6,360+182.5%
Funds, Trusts, and Other Financial Vehicles$5,000+122.1%
Oil and Gas Extraction$4,539+101.6%
Water Transportation$3,626+61.1%
Performing Arts, Spectator Sports, and Related Industries$3,489+55.0%
Wholesale Trade Agents and Brokers$3,430+52.4%
Utilities$3,298+46.5%
Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services$3,295+46.4%
Chemical Manufacturing$3,219+43.0%
Professional, Scientific, and Technical Services$3,208+42.5%
Motion Picture and Sound Recording Industries$3,203+42.3%
Religious, Grantmaking, Civic, Professional, and Similar Organizations$3,167+40.7%
Publishing Industries$3,146+39.8%
Ambulatory Health Care Services$3,000+33.3%
Credit Intermediation and Related Activities$2,982+32.5%
Web Search Portals, Libraries, Archives, and Other Information Services$2,926+30.0%
Executive, Legislative, and Other General Government Support$2,873+27.6%
Mining (except Oil and Gas)$2,835+25.9%
Insurance Carriers and Related Activities$2,806+24.6%
Petroleum and Coal Products Manufacturing$2,699+19.9%
Management of Companies and Enterprises$2,697+19.8%
Computer and Electronic Product Manufacturing$2,685+19.3%
Telecommunications$2,678+19.0%
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)$2,632+16.9%
Merchant Wholesalers, Durable Goods$2,612+16.1%
Air Transportation$2,603+15.6%
Heavy and Civil Engineering Construction$2,561+13.7%
Support Activities for Mining$2,551+13.3%
Merchant Wholesalers, Nondurable Goods$2,547+13.1%
Construction of Buildings$2,476+10.0%
Electrical Equipment, Appliance, and Component Manufacturing$2,379+5.7%
Real Estate$2,351+4.4%
Support Activities for Agriculture and Forestry$2,325+3.3%
NAICS 515$2,236-0.7%
Rail Transportation$2,206-2.0%
Machinery Manufacturing$2,167-3.8%
Fishing, Hunting and Trapping$2,105-6.5%
Specialty Trade Contractors$2,081-7.6%
NAICS 454$2,078-7.7%
Miscellaneous Manufacturing$2,078-7.7%
Hospitals$2,053-8.8%
Leather and Allied Product Manufacturing$2,023-10.2%
Primary Metal Manufacturing$1,951-13.3%
Nonmetallic Mineral Product Manufacturing$1,950-13.4%
Support Activities for Transportation$1,931-14.2%
Crop Production$1,927-14.4%
Paper Manufacturing$1,926-14.5%
Rental and Leasing Services$1,914-15.0%
Fabricated Metal Product Manufacturing$1,875-16.7%
NAICS 442$1,874-16.7%
NAICS 443$1,871-16.9%
Transportation Equipment Manufacturing$1,858-17.5%
Forestry and Logging$1,803-19.9%
Building Material and Garden Equipment and Supplies Dealers$1,803-19.9%
NAICS 446$1,789-20.5%
Waste Management and Remediation Services$1,788-20.6%
Educational Services$1,756-22.0%
Repair and Maintenance$1,753-22.1%
Plastics and Rubber Products Manufacturing$1,751-22.2%
Apparel Manufacturing$1,739-22.8%
NAICS 448$1,730-23.2%
Food Manufacturing$1,660-26.3%
Animal Production and Aquaculture$1,652-26.6%
Textile Product Mills$1,642-27.1%
Administrative and Support Services$1,612-28.4%
Museums, Historical Sites, and Similar Institutions$1,606-28.6%
Beverage and Tobacco Product Manufacturing$1,600-28.9%
Furniture and Related Product Manufacturing$1,579-29.9%
Printing and Related Support Activities$1,557-30.8%
Wood Product Manufacturing$1,541-31.5%
Warehousing and Storage$1,538-31.7%
Textile Mills$1,494-33.6%
NAICS 453$1,467-34.8%
NAICS 451$1,418-37.0%
Scenic and Sightseeing Transportation$1,417-37.1%
Truck Transportation$1,299-42.3%
Motor Vehicle and Parts Dealers$1,256-44.2%
Personal and Laundry Services$1,227-45.5%
NAICS 447$1,227-45.5%
Amusement, Gambling, and Recreation Industries$1,150-48.9%
NAICS 452$1,104-50.9%
Social Assistance$1,092-51.5%
Transit and Ground Passenger Transportation$929-58.7%
Food and Beverage Retailers$921-59.1%
Accommodation$818-63.7%
Nursing and Residential Care Facilities$667-70.4%
Couriers and Messengers$607-73.0%
Food Services and Drinking Places$556-75.3%

Average Employer 401(k) Contribution by Plan Size

Plan SizeAvg Employer Contributionvs National
<100 participants · DB$27K+1092.7%
100–499 participants · DB$11K+408.1%
500–999 participants · DB$10K+352.3%
1,000–4,999 participants · DB$9,415+318.2%
5,000+ participants · DB$6,103+171.1%
<100 participants · DC$4,000+77.7%
100–499 participants · DC$3,388+50.5%
1,000–4,999 participants · DC$2,866+27.3%
5,000+ participants · 403(b)$2,732+21.4%
500–999 participants · DC$2,614+16.1%
5,000+ participants · DC$2,278+1.2%
<100 participants · 403(b)$2,230-0.9%
100–499 participants · 403(b)$2,156-4.2%
1,000–4,999 participants · 403(b)$2,121-5.8%
100–499 participants · 401(k)$2,097-6.8%
5,000+ participants · 401(k)$2,082-7.5%
<100 participants · 401(k)$2,047-9.1%
500–999 participants · 403(b)$1,956-13.1%
1,000–4,999 participants · 401(k)$1,912-15.0%
500–999 participants · 401(k)$1,812-19.5%

Methodology & Source

Source: U.S. Department of Labor — Employee Benefits Security Administration (EBSA) Form 5500 dataset.

Why median, not arithmetic mean: Retirement plan data has extreme outliers; the median represents the middle plan in each cohort, giving a more accurate "typical" benchmark. We continue to use "average" in titles because that's the everyday term searchers use.