West Virginia Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 2,908 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,908
Total assets: $21.7B
Total participants: 356,252
Median expense ratio: 0.24%
Median employer contribution per active participant: $2,297
Median account balance: $65,700
3-year asset growth (2022–2024): +24.9%

Expense ratio distribution

25th percentile: 0.10%
Median: 0.24%
75th percentile: 0.49%

Where the fees go (average mix)

Admin / Recordkeeping: 42.2%
Investment Management: 40.9%
Audit: 5.2%
Legal: 2.2%

Employer contribution generosity

Median per active participant: $2,297
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,988	$17.4B	351,588	0.42%	—
2023	2,997	$20.5B	372,497	0.32%	—
2024	2,908	$21.7B	356,252	0.24%	$2,297

Methodology

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