Alabama Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 8,160 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 8,160
Total assets: $64.5B
Total participants: 134,318
Median expense ratio: 0.51%
Median employer contribution per active participant: $2,094
Median account balance: $60,844
3-year asset growth (2022–2024): +31.2%

Expense ratio distribution

25th percentile: 0.19%
Median: 0.51%
75th percentile: 1.67%

Where the fees go (average mix)

Admin / Recordkeeping: 27.9%
Investment Management: 16.9%
Audit: 1.7%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $2,094
Plans with $0 employer match: 1,452 (17.8%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	7,377	$49.2B	106,435	0.60%	$2,195
2023	7,986	$57.6B	128,460	0.54%	$2,148
2024	8,160	$64.5B	134,318	0.51%	$2,094

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Alabama" includes 8,160 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/state/alabama.