New Mexico Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 3,308 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,308
Total assets: $49.2B
Total participants: 380,953
Median expense ratio: 0.29%
Median employer contribution per active participant: $2,279
Median account balance: $52,097
3-year asset growth (2022–2024): +15.5%

Expense ratio distribution

25th percentile: 0.11%
Median: 0.29%
75th percentile: 0.58%

Where the fees go (average mix)

Admin / Recordkeeping: 44.8%
Investment Management: 43.1%
Audit: 3.7%
Legal: 0.9%

Employer contribution generosity

Median per active participant: $2,279
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,358	$42.6B	380,474	0.47%	—
2023	3,394	$48.1B	389,919	0.29%	—
2024	3,308	$49.2B	380,953	0.29%	$2,279

Methodology

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