Virginia Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 22,747 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 22,747
Total assets: $497.4B
Total participants: 362,976
Median expense ratio: 0.35%
Median employer contribution per active participant: $2,607
Median account balance: $62,937
3-year asset growth (2022–2024): +28.2%

Expense ratio distribution

25th percentile: 0.13%
Median: 0.35%
75th percentile: 0.88%

Where the fees go (average mix)

Admin / Recordkeeping: 26.0%
Investment Management: 18.2%
Audit: 1.7%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $2,607
Plans with $0 employer match: 4,544 (20.0%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	19,911	$387.9B	301,891	0.43%	$2,638
2023	21,996	$456.7B	352,565	0.35%	$2,646
2024	22,747	$497.4B	362,976	0.35%	$2,607

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Virginia" includes 22,747 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/virginia.