Utah Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 7,752 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 7,752
Total assets: $68.6B
Total participants: 122,506
Median expense ratio: 0.47%
Median employer contribution per active participant: $1,961
Median account balance: $46,624
3-year asset growth (2022–2024): +33.3%

Expense ratio distribution

25th percentile: 0.18%
Median: 0.47%
75th percentile: 1.02%

Where the fees go (average mix)

Admin / Recordkeeping: 29.6%
Investment Management: 31.5%
Audit: 2.4%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $1,961
Plans with $0 employer match: 1,486 (19.2%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	6,802	$51.4B	97,548	0.58%	$1,951
2023	7,410	$62.7B	115,322	0.46%	$1,982
2024	7,752	$68.6B	122,506	0.47%	$1,961

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Utah" includes 7,752 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/utah.