Virginia Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 23,115 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 23,115
Total assets: $687.6B
Total participants: 6,683,365
Median expense ratio: 0.20%
Median employer contribution per active participant: $2,676
Median account balance: $67,268
3-year asset growth (2022–2024): +15.9%

Expense ratio distribution

25th percentile: 0.07%
Median: 0.20%
75th percentile: 0.42%

Where the fees go (average mix)

Admin / Recordkeeping: 39.6%
Investment Management: 48.5%
Audit: 6.1%
Legal: 0.9%

Employer contribution generosity

Median per active participant: $2,676
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	22,614	$593.4B	6,806,144	0.32%	—
2023	23,167	$633.0B	6,840,548	0.21%	—
2024	23,115	$687.6B	6,683,365	0.20%	$2,676

Methodology

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