Florida Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 50,484 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 50,484
Total assets: $377.3B
Total participants: 9,069,247
Median expense ratio: 0.26%
Median employer contribution per active participant: $2,233
Median account balance: $45,594
3-year asset growth (2022–2024): +19.2%

Expense ratio distribution

25th percentile: 0.09%
Median: 0.26%
75th percentile: 0.52%

Where the fees go (average mix)

Admin / Recordkeeping: 42.1%
Investment Management: 49.7%
Audit: 4.7%
Legal: 0.6%

Employer contribution generosity

Median per active participant: $2,233
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	46,614	$316.6B	8,914,725	0.42%	—
2023	49,059	$371.1B	8,851,182	0.25%	—
2024	50,484	$377.3B	9,069,247	0.26%	$2,233

Methodology

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