Maine Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 3,857 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,857
Total assets: $45.6B
Total participants: 613,189
Median expense ratio: 0.23%
Median employer contribution per active participant: $2,136
Median account balance: $55,646
3-year asset growth (2022–2024): +24.5%

Expense ratio distribution

25th percentile: 0.06%
Median: 0.23%
75th percentile: 0.38%

Where the fees go (average mix)

Admin / Recordkeeping: 46.6%
Investment Management: 43.5%
Audit: 4.7%
Legal: 1.2%

Employer contribution generosity

Median per active participant: $2,136
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,574	$36.6B	635,903	0.29%	—
2023	3,716	$41.3B	624,760	0.20%	—
2024	3,857	$45.6B	613,189	0.23%	$2,136

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Maine" 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/maine.