401(k) fees by state
Plan year 2024 · 66,577 filings analyzed · updated 2026-09-10
Employers headquartered in Arizona reported the highest typical 401(k) administrative costs in 2024: a median of 0.47% of plan assets, versus 0.18% in District of Columbia, the lowest among states with at least 100 plans on file. State medians largely reflect the mix of employer sizes in each state.
Median 401(k) administrative expense ratios ranged from 0.18% for employers in District of Columbia to 0.47% in Arizona in 2024. Source: Plan Ledger analysis of U.S. Department of Labor Form 5500 filings, plan year 2024. Figures may be republished with attribution and a link. Method: methodology.
Source: Plan Ledger analysis of DOL Form 5500 Schedule H filings, plan year 2024 (snapshot 2026-09-10). Administrative expenses are those separately reported on Schedule H line 2i(5); fund-level expense ratios are not included in public structured data. Methodology.