Tennessee Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 12,405 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 12,405
Total assets: $250.2B
Total participants: 199,690
Median expense ratio: 0.44%
Median employer contribution per active participant: $2,173
Median account balance: $50,920
3-year asset growth (2022–2024): +43.9%

Expense ratio distribution

25th percentile: 0.16%
Median: 0.44%
75th percentile: 0.94%

Where the fees go (average mix)

Admin / Recordkeeping: 28.2%
Investment Management: 17.2%
Audit: 1.5%
Legal: 0.3%

Employer contribution generosity

Median per active participant: $2,173
Plans with $0 employer match: 2,500 (20.2%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	10,916	$173.9B	155,189	0.47%	$2,151
2023	12,146	$233.1B	187,921	0.42%	$2,166
2024	12,405	$250.2B	199,690	0.44%	$2,173

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Tennessee" includes 12,405 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/tennessee.