5,000+ participants · 401(k) Retirement Plan Benchmarks

Plan-size benchmark across all industries and states. Sourced from 1,887 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,887
Total assets: $4692.3B
Total participants: —
Median expense ratio: 0.10%
Median employer contribution per active participant: $2,082
Median account balance: $73,662
3-year asset growth (2022–2024): +38.6%

Expense ratio distribution

25th percentile: 0.05%
Median: 0.10%
75th percentile: 0.20%

Where the fees go (average mix)

Admin / Recordkeeping: 16.2%
Investment Management: 26.1%
Audit: 2.5%
Legal: 0.7%

Employer contribution generosity

Median per active participant: $2,082
Plans with $0 employer match: 85 (4.5%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,719	$3384.3B	—	0.11%	$2,091
2023	1,824	$4135.9B	—	0.10%	$2,199
2024	1,887	$4692.3B	—	0.10%	$2,082

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "5,000+ participants · 401(k)" includes 1,887 plans for plan year 2024. Medians use percentile_cont over reported values; zero/null values are excluded from rate-style metrics.

Citation: PlanProvider.Pro, Form 5500 Benchmarks 2024. Free for editorial use with attribution + link to https://planprovider.pro/benchmarks/cohort/s_5000_plus-401k.