Washington Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 18,600 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 18,600
Total assets: $525.9B
Total participants: 299,966
Median expense ratio: 0.34%
Median employer contribution per active participant: $2,512
Median account balance: $55,051
3-year asset growth (2022–2024): +31.7%

Expense ratio distribution

25th percentile: 0.12%
Median: 0.34%
75th percentile: 0.83%

Where the fees go (average mix)

Admin / Recordkeeping: 23.7%
Investment Management: 21.6%
Audit: 2.0%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $2,512
Plans with $0 employer match: 3,723 (20.0%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	16,393	$399.4B	251,729	0.41%	$2,510
2023	17,994	$478.6B	290,435	0.34%	$2,512
2024	18,600	$525.9B	299,966	0.34%	$2,512

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "Washington" includes 18,600 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/washington.