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

Plan-size benchmark across all industries and states. Sourced from 232 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 232
Total assets: $430.0B
Total participants: —
Median expense ratio: 0.06%
Median employer contribution per active participant: $2,693
Median account balance: $96,559
3-year asset growth (2022–2024): +46.7%

Expense ratio distribution

25th percentile: 0.03%
Median: 0.06%
75th percentile: 0.10%

Where the fees go (average mix)

Admin / Recordkeeping: 20.2%
Investment Management: 17.3%
Audit: 3.2%
Legal: 2.2%

Employer contribution generosity

Median per active participant: $2,693
Plans with $0 employer match: 72 (31.0%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	212	$293.2B	—	0.07%	$2,404
2023	220	$368.0B	—	0.06%	$2,410
2024	232	$430.0B	—	0.06%	$2,693

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "5,000+ participants · 403(b)" includes 232 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/plan-size/s_5000_plus-403b.