Montana Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 2,966 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,966
Total assets: $13.8B
Total participants: 46,669
Median expense ratio: 0.38%
Median employer contribution per active participant: $2,421
Median account balance: $60,075
3-year asset growth (2022–2024): +43.8%

Expense ratio distribution

25th percentile: 0.18%
Median: 0.38%
75th percentile: 0.88%

Where the fees go (average mix)

Admin / Recordkeeping: 29.3%
Investment Management: 18.0%
Audit: 1.5%
Legal: 0.9%

Employer contribution generosity

Median per active participant: $2,421
Plans with $0 employer match: 427 (14.4%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,490	$9.6B	36,409	0.49%	$2,503
2023	2,828	$12.5B	43,856	0.38%	$2,423
2024	2,966	$13.8B	46,669	0.38%	$2,421

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Montana" includes 2,966 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/montana.