The 2023 Annual 401(k) Benchmark Report
This report aims to provide the 401(k) industry (and those who are serviced by that industry) with a meaningful and objective set of performance-based benchmarks. It examines the overall performance of 401(k) plans for 27 industry verticals across 8 different performance metrics. The results are then organized by size of firm to allow for easy and meaningful comparisons.
By looking at over 600,000 401(k) plans, this reports gives both plan sponsors and plan advisors a useful tool for understanding their plans:
- Advisors: use it to have a meaningful discussion with your clients about how their plans are doing, calling out areas where the plan underperforms its peers, and speaking to how you can address those issues.
- Plan sponsors: use these benchmarks as an unbiased look into your industry to help you determine if you’re taking the right steps to ensure a positive retirement outcome for your employees.
Ask Us What We Can Do For You
If you’re looking for more in-depth analysis on a single plan, discover our Retirement Plan Prospector database, which is the platform we used to prepare the data for our research. Take a free test drive:
About our Sponsor
Mutual of America Financial Group is a leading provider of retirement services and investments to employers, employees and individuals. We provide high-quality, innovative products and services at a competitive price, along with outstanding personalized service, to help our customers build and preserve assets for a financially secure future. Our mission is built upon our values—integrity, prudence, reliability, excellence and social responsibility—which have guided us since 1945 and continue to serve us and our customers well. For more information, visit mutualofamerica.com, and connect with us via Facebook, Twitter and LinkedIn.