New York Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 66,993 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 66,993
Total assets: $1432.2B
Total participants: 15,735,823
Median expense ratio: 0.22%
Median employer contribution per active participant: $3,033
Median account balance: $81,003
3-year asset growth (2022–2024): +18.4%

Expense ratio distribution

25th percentile: 0.06%
Median: 0.22%
75th percentile: 0.50%

Where the fees go (average mix)

Admin / Recordkeeping: 33.3%
Investment Management: 47.1%
Audit: 9.7%
Legal: 3.0%

Employer contribution generosity

Median per active participant: $3,033
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	67,246	$1209.8B	16,121,454	0.34%	—
2023	68,190	$1408.5B	16,642,756	0.23%	—
2024	66,993	$1432.2B	15,735,823	0.22%	$3,033

Methodology

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