Maine Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 3,812 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,812
Total assets: $38.5B
Total participants: 63,170
Median expense ratio: 0.34%
Median employer contribution per active participant: $2,069
Median account balance: $52,038
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: $2,069
Plans with $0 employer match: 794 (20.8%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,103	$28.8B	47,129	0.38%	$1,912
2023	3,469	$34.0B	57,931	0.33%	$2,064
2024	3,812	$38.5B	63,170	0.34%	$2,069

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Maine" includes 3,812 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.