West Virginia Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 2,727 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,727
Total assets: $21.0B
Total participants: 45,910
Median expense ratio: 0.43%
Median employer contribution per active participant: $2,127
Median account balance: $67,623
3-year asset growth (2022–2024): +45.9%

Expense ratio distribution

25th percentile: 0.16%
Median: 0.43%
75th percentile: 0.96%

Where the fees go (average mix)

Admin / Recordkeeping: 25.3%
Investment Management: 17.4%
Audit: 1.5%
Legal: 0.5%

Employer contribution generosity

Median per active participant: $2,127
Plans with $0 employer match: 471 (17.3%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,521	$14.4B	38,369	0.48%	$2,147
2023	2,759	$19.2B	45,879	0.46%	$2,113
2024	2,727	$21.0B	45,910	0.43%	$2,127

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "West Virginia" includes 2,727 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/west-virginia.