Massachusetts Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 28,018 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 28,018
Total assets: $478.5B
Total participants: 406,125
Median expense ratio: 0.30%
Median employer contribution per active participant: $2,806
Median account balance: $74,327
3-year asset growth (2022–2024): +49.4%

Expense ratio distribution

25th percentile: 0.08%
Median: 0.30%
75th percentile: 1.16%

Where the fees go (average mix)

Admin / Recordkeeping: 22.4%
Investment Management: 17.6%
Audit: 2.3%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $2,806
Plans with $0 employer match: 6,482 (23.1%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	25,471	$320.3B	348,170	0.34%	$2,683
2023	27,689	$424.6B	398,106	0.29%	$2,776
2024	28,018	$478.5B	406,125	0.30%	$2,806

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Massachusetts" includes 28,018 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/massachusetts.