New York Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 66,064 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 66,064
Total assets: $1231.4B
Total participants: 923,627
Median expense ratio: 0.38%
Median employer contribution per active participant: $2,971
Median account balance: $74,992
3-year asset growth (2022–2024): +39.5%

Expense ratio distribution

25th percentile: 0.11%
Median: 0.38%
75th percentile: 1.18%

Where the fees go (average mix)

Admin / Recordkeeping: 24.0%
Investment Management: 18.6%
Audit: 2.7%
Legal: 0.6%

Employer contribution generosity

Median per active participant: $2,971
Plans with $0 employer match: 17,612 (26.7%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	60,132	$882.8B	781,348	0.43%	$2,987
2023	65,222	$1126.7B	899,426	0.37%	$2,989
2024	66,064	$1231.4B	923,627	0.38%	$2,971

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "New York" includes 66,064 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-york.