Rhode Island Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 3,724 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,724
Total assets: $107.9B
Total participants: 55,090
Median expense ratio: 0.31%
Median employer contribution per active participant: $2,389
Median account balance: $67,690
3-year asset growth (2022–2024): +19.1%

Expense ratio distribution

25th percentile: 0.09%
Median: 0.31%
75th percentile: 0.79%

Where the fees go (average mix)

Admin / Recordkeeping: 26.9%
Investment Management: 24.8%
Audit: 1.9%
Legal: 0.6%

Employer contribution generosity

Median per active participant: $2,389
Plans with $0 employer match: 780 (20.9%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,327	$90.6B	47,143	0.34%	$2,272
2023	3,622	$101.4B	53,207	0.29%	$2,403
2024	3,724	$107.9B	55,090	0.31%	$2,389

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Rhode Island" includes 3,724 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/rhode-island.