Massachusetts Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 29,318 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 29,318
Total assets: $2048.3B
Total participants: 5,854,351
Median expense ratio: 0.09%
Median employer contribution per active participant: $2,843
Median account balance: $79,074
3-year asset growth (2022–2024): +17.4%

Expense ratio distribution

25th percentile: 0.03%
Median: 0.09%
75th percentile: 0.29%

Where the fees go (average mix)

Admin / Recordkeeping: 37.1%
Investment Management: 46.6%
Audit: 10.0%
Legal: 0.9%

Employer contribution generosity

Median per active participant: $2,843
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	30,081	$1744.6B	6,652,254	0.09%	—
2023	30,139	$1980.0B	6,418,550	0.10%	—
2024	29,318	$2048.3B	5,854,351	0.09%	$2,843

Methodology

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