Maryland Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 19,764 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 19,764
Total assets: $1170.1B
Total participants: 4,515,173
Median expense ratio: 0.24%
Median employer contribution per active participant: $2,654
Median account balance: $65,727
3-year asset growth (2022–2024): +31.0%

Expense ratio distribution

25th percentile: 0.09%
Median: 0.24%
75th percentile: 0.46%

Where the fees go (average mix)

Admin / Recordkeeping: 35.4%
Investment Management: 51.9%
Audit: 6.8%
Legal: 1.8%

Employer contribution generosity

Median per active participant: $2,654
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	18,995	$893.0B	4,407,510	0.35%	—
2023	19,738	$1033.4B	4,555,436	0.23%	—
2024	19,764	$1170.1B	4,515,173	0.24%	$2,654

Methodology

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