New Jersey Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 33,034 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 33,034
Total assets: $730.5B
Total participants: 451,504
Median expense ratio: 0.38%
Median employer contribution per active participant: $2,648
Median account balance: $75,508
3-year asset growth (2022–2024): +24.6%

Expense ratio distribution

25th percentile: 0.12%
Median: 0.38%
75th percentile: 1.14%

Where the fees go (average mix)

Admin / Recordkeeping: 23.6%
Investment Management: 20.8%
Audit: 3.5%
Legal: 0.6%

Employer contribution generosity

Median per active participant: $2,648
Plans with $0 employer match: 8,909 (27.0%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	30,190	$586.3B	375,804	0.45%	$2,759
2023	32,432	$680.9B	437,080	0.40%	$2,699
2024	33,034	$730.5B	451,504	0.38%	$2,648

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "New Jersey" includes 33,034 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/new-jersey.