Florida Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 51,126 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 51,126
Total assets: $358.8B
Total participants: 671,636
Median expense ratio: 0.44%
Median employer contribution per active participant: $2,133
Median account balance: $45,562
3-year asset growth (2022–2024): +39.3%

Expense ratio distribution

25th percentile: 0.15%
Median: 0.44%
75th percentile: 1.08%

Where the fees go (average mix)

Admin / Recordkeeping: 27.7%
Investment Management: 17.5%
Audit: 1.3%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $2,133
Plans with $0 employer match: 11,797 (23.1%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	44,234	$257.5B	530,371	0.50%	$2,183
2023	48,716	$319.1B	632,303	0.42%	$2,163
2024	51,126	$358.8B	671,636	0.44%	$2,133

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Florida" includes 51,126 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/florida.