401k Benchmark Report

Judy Diamond’s third annual 401(k) benchmark report

Judy Diamond’s third annual 401(k) benchmark report examines 27 industry verticals across eight different performance metrics. The results are then organized by size of firm to allow for easy and meaningful comparisons.

The goal of the report is to provide a tool for financial advisors to show a 401k plan sponsor how their plan is performing compared to their peer group. This insight can be used to help win new clients and help retain existing ones.

Our research shows that there are meaningful differences in the amount of retirement income a worker can expect to earn based on their industry and the size of their employer. Micro-sized companies with between 2 and 10 employees tend to have higher account balances and more generous employer contributions than any other size cohort we looked at. This holds true across industries, though there is also a correlation between white-collar industries and average account balance. People who make more are capable of saving more.