Maryland Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 19,866 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 19,866
Total assets: $329.9B
Total participants: 298,581
Median expense ratio: 0.38%
Median employer contribution per active participant: $2,579
Median account balance: $62,478
3-year asset growth (2022–2024): +36.6%

Expense ratio distribution

25th percentile: 0.14%
Median: 0.38%
75th percentile: 0.93%

Where the fees go (average mix)

Admin / Recordkeeping: 26.5%
Investment Management: 19.4%
Audit: 2.5%
Legal: 0.5%

Employer contribution generosity

Median per active participant: $2,579
Plans with $0 employer match: 4,527 (22.8%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	16,994	$241.4B	241,560	0.45%	$2,648
2023	19,042	$301.5B	283,831	0.38%	$2,626
2024	19,866	$329.9B	298,581	0.38%	$2,579

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Maryland" includes 19,866 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/maryland.