Maine Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 3,813 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,813
Total assets: $38.5B
Total participants: 63,177
Median expense ratio: 0.34%
Median employer contribution per active participant: $2,068
Median account balance: $51,945
3-year asset growth (2022–2024): +33.6%

Expense ratio distribution

25th percentile: 0.11%
Median: 0.34%
75th percentile: 0.87%

Where the fees go (average mix)

Admin / Recordkeeping: 30.8%
Investment Management: 20.2%
Audit: 2.0%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $2,068
Plans with $0 employer match: 794 (20.8%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,105	$28.8B	47,135	0.38%	$1,911
2023	3,470	$34.0B	57,937	0.33%	$2,064
2024	3,813	$38.5B	63,177	0.34%	$2,068

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Maine" includes 3,813 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/maine.