New Jersey Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 32,754 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 32,754
Total assets: $1040.5B
Total participants: 8,665,914
Median expense ratio: 0.23%
Median employer contribution per active participant: $2,731
Median account balance: $75,803
3-year asset growth (2022–2024): -0.3%

Expense ratio distribution

25th percentile: 0.07%
Median: 0.23%
75th percentile: 0.52%

Where the fees go (average mix)

Admin / Recordkeeping: 34.2%
Investment Management: 49.7%
Audit: 7.7%
Legal: 2.9%

Employer contribution generosity

Median per active participant: $2,731
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	32,873	$1043.3B	9,007,708	0.34%	—
2023	33,302	$1015.4B	8,791,505	0.25%	—
2024	32,754	$1040.5B	8,665,914	0.23%	$2,731

Methodology

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