New Mexico Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 3,349 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,349
Total assets: $36.8B
Total participants: 53,508
Median expense ratio: 0.50%
Median employer contribution per active participant: $2,230
Median account balance: $49,956
3-year asset growth (2022–2024): +29.2%

Expense ratio distribution

25th percentile: 0.17%
Median: 0.50%
75th percentile: 1.41%

Where the fees go (average mix)

Admin / Recordkeeping: 27.2%
Investment Management: 15.2%
Audit: 1.6%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $2,230
Plans with $0 employer match: 654 (19.5%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,978	$28.5B	42,097	0.59%	$2,354
2023	3,282	$33.7B	50,205	0.50%	$2,279
2024	3,349	$36.8B	53,508	0.50%	$2,230

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "New Mexico" includes 3,349 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-mexico.