5,000+ participants · 403(b) Retirement Plan Benchmarks

Plan-size benchmark across all industries and states. Sourced from 239 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 239
Total assets: $452.1B
Total participants: 3,629,278
Median expense ratio: 0.02%
Median employer contribution per active participant: $2,573
Median account balance: $97,884
3-year asset growth (2024–2024): —

Expense ratio distribution

25th percentile: 0.01%
Median: 0.02%
75th percentile: 0.05%

Where the fees go (average mix)

Admin / Recordkeeping: 35.6%
Investment Management: 47.4%
Audit: 10.2%
Legal: 5.9%

Employer contribution generosity

Median per active participant: $2,573
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2024	239	$452.1B	3,629,278	0.02%	$2,573

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "5,000+ participants · 403(b)" is served from the accepted-generation projection 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/plan-size/s_5000_plus-403b.