Tennessee Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 13,129 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 13,129
Total assets: $338.4B
Total participants: 7,040,361
Median expense ratio: 0.25%
Median employer contribution per active participant: $2,226
Median account balance: $50,599
3-year asset growth (2022–2024): +16.2%

Expense ratio distribution

25th percentile: 0.08%
Median: 0.25%
75th percentile: 0.53%

Where the fees go (average mix)

Admin / Recordkeeping: 41.2%
Investment Management: 45.4%
Audit: 5.1%
Legal: 0.7%

Employer contribution generosity

Median per active participant: $2,226
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	12,870	$291.2B	6,623,095	0.40%	—
2023	13,300	$326.3B	7,178,907	0.25%	—
2024	13,129	$338.4B	7,040,361	0.25%	$2,226

Methodology

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