State · sponsors with a Maryland filing address
Retirement plans in Maryland
Form 5500 filings for plan years 2009 to 2025; medians for plan year 2024.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. A plan is counted in the state of its sponsor's address, not where its participants live.
1,528 retirement plans based in Maryland with 100 or more participants filed Form 5500 for plan year 2024 (1,401 defined contribution, 127 defined benefit). All Form 5500 pension filers in the group reported 3,833,580 participant records and $295.3B in net assets.
The median defined contribution plan held $54,904 per participant, close to the national median of $53,031, and its employer put in $2,346 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $142 per participant against $123 nationally.
Employers contributed $10.0B and participants $6.57B during the year, and the plans paid out $23.5B in benefits.
In 2009 the same group numbered 1,763 plans with $125.4B; by 2024 it was 1,528 plans (down 13%) and $295.3B (up 135%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Beyond the full-form filers, 17,189 small plans based in Maryland filed the short Form 5500-SF for 2024, with 425,859 participants and $28.7B in net assets. Small plans are counted here and nowhere else on this site.
Medians compared with all US plans
| Median plan, plan year 2024 | MD: DC | US: DC | MD: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $54,904 | $53,031 | $81,018 | $86,234 |
| Employer contributions per active participant | $2,346 | $2,174 | $8,603 | $10,244 |
| Schedule C compensation per participant | $142 | $123 | $361 | $344 |
| Schedule C compensation, share of net assets | 0.28% | 0.26% | 0.48% | 0.42% |
| Administrative expenses per participant | $137 | $116 | $510 | $527 |
Medians across plans with 100 or more participants (1,356 DC and 127 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $26,919 | $54,904 | $100,540 | 1,356 |
| Employer contributions per active participant | $996 | $2,346 | $4,375 | 1,276 |
| Schedule C compensation per participant | $63.35 | $142 | $244 | 1,253 |
| Administrative expenses per participant | $52.61 | $137 | $240 | 1,316 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 183 | 1,294,846 | $115.9B | $4.11B | $2.09B | $75,950 | $150 |
| 2024 | 1,528 | 3,833,580 | $295.3B | $10.0B | $6.57B | $54,904 | $142 |
| 2023 | 1,578 | 3,787,174 | $271.5B | $8.56B | $6.35B | $49,436 | $123 |
| 2022 | 1,795 | 3,117,099 | $229.6B | $7.35B | $5.95B | $38,576 | $109 |
| 2021 | 1,763 | 3,695,010 | $286.8B | $7.54B | $5.42B | $45,651 | $119 |
| 2020 | 1,746 | 3,643,420 | $272.0B | $7.89B | $5.16B | $43,234 | $99.91 |
| 2019 | 1,752 | 3,629,236 | $237.9B | $8.08B | $4.88B | $37,448 | $91.52 |
| 2018 | 1,733 | 3,601,183 | $209.2B | $6.79B | $4.49B | $30,481 | $78.53 |
| 2017 | 1,712 | 3,624,326 | $222.4B | $10.8B | $4.12B | $32,927 | $62.95 |
| 2016 | 1,688 | 3,541,119 | $195.4B | $6.14B | $3.94B | $29,931 | $55.78 |
| 2015 | 1,667 | 3,493,925 | $185.3B | $5.40B | $3.77B | $29,101 | $44.19 |
| 2014 | 1,671 | 3,424,087 | $184.5B | $5.91B | $3.48B | $29,390 | $37.77 |
| 2013 | 1,662 | 3,369,926 | $174.8B | $6.14B | $3.44B | $29,687 | $29.02 |
| 2012 | 1,641 | 3,361,415 | $155.3B | $8.28B | $3.31B | $25,263 | $28.22 |
| 2011 | 1,646 | 3,072,229 | $112.4B | $4.75B | $3.27B | $22,937 | $26.93 |
| 2010 | 1,707 | 3,408,042 | $140.0B | $6.98B | $3.23B | $23,319 | $26.80 |
| 2009 | 1,763 | 3,438,855 | $125.4B | $6.71B | $3.12B | $19,885 | $27.30 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 1,524 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 60 largest by participants of 1,524 plans with a page on this site.
| Plan | Sponsor | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|
| National Electrical Benefit Fund | Trustees of the National Electrical Benefit Fund | DB | 736,031 | $20.8B | $28,304 | $2,845 | $75.74 |
| National Electrical Annuity Plan | Trustees of the National Electrical Annuity Plan | DC | 195,719 | $19.2B | $97,856 | $13,948 | $140 |
| Allegis Group, Inc. Retirement Savings Plan Two | Allegis Group, Inc. | DC | 178,774 | $289M | $1,614 | $1 | $5.31 |
| Marriott Retirement Savings Plan | Marriott International, Inc. | DC | 152,118 | $11.7B | $76,819 | $2,188 | $34.67 |
| Lockheed Martin Corporation Salaried Savings Plan | Lockheed Martin Corporation | DC | 144,858 | $55.4B | $382,634 | $12,107 | — |
| Sodexo 401 (K) Employees' Retirement Savings Plan and Trust | Sodexo, Inc. | DC | 130,486 | $2.45B | $18,739 | $399 | $59.31 |
| Bakery & Confectionery Union & Industry International Pension Fund | Joint Board of Trustees, Bakery & Confectionery Union & Industry | DB | 99,660 | $6.56B | $65,835 | $10,555 | $82.65 |
| International Painters and Allied Trades Industry Pension Plan | Intl Painters & Allied Trades Ind. Pension Fund- Board of Trustees | DB | 95,494 | $4.44B | $46,461 | $10,031 | $131 |
| Lockheed Martin Corporation Salaried Employee Retirement Program | Lockheed Martin Corporation | DB | 82,940 | $18.3B | $220,209 | $62,551 | — |
| Allegis Group, Inc. Retirement Savings Plan One | Allegis Group, Inc. | DC | 43,236 | $2.19B | $50,765 | $1,376 | $46.08 |
| Medstar Health, Inc. Retirement Savings Plan | Medstar Health, Inc. | DC | 42,791 | $3.46B | $80,747 | $1,853 | $30.43 |
| Johns Hopkins University 403(b) Plan | Johns Hopkins University Office of Benefits Services | DC | 40,900 | $8.79B | $215,031 | $7,658 | $23.43 |
| Felra & UFCW Pension Plan | Board of Trustees, Felra & UFCW Pension | DB | 38,910 | $1.43B | $36,685 | — | $143 |
| Johns Hopkins Health System Corporation 403(b) Plan | Johns Hopkins Health System Corporation | DC | 35,764 | $1.68B | $46,916 | $2,252 | $49.03 |
| Allegis Group, Inc. Retirement Savings Plan Three | Allegis Group, Inc. | DC | 35,418 | $251M | $7,088 | $1 | $9.19 |
| National Automatic Sprinkler Industry Pension Fund | National Automatic Sprinkler Industry Pension Fund JT Board of Trustee | DB | 34,009 | $4.75B | $139,691 | $13,506 | $686 |
| Retirement Plan for Certain Represented Employees | Lockheed Martin Corporation | DB | 32,708 | $3.20B | $97,806 | — | — |
| National Electrical 401(k) Plan | Trustees of the National Electrical 401(k) Plan | DC | 30,463 | $176M | $5,762 | $16 | $18.64 |
| University of Maryland Medical System 403(b) Retirement Savings Plan | University of Maryland Medical System Corporation | DC | 30,235 | $730M | $24,160 | $1,335 | $34.16 |
| Sprinkler Industry Supplemental Pension Fund | Sprinkler Industry Supplemental Pension Fund Joint Board of Trustees | DC | 29,607 | $2.94B | $99,312 | $7,330 | $215 |
| International Painters and Allied Trades Industry Annuity Plan | Intl Painters & Allied Trades Ind. Pension Fund- | DC | 25,947 | $635M | $24,457 | $1,856 | $71.94 |
| Piedmont Airlines Inc. Employee Savings Plan | Piedmont Airlines, Inc. | DC | 22,644 | $225M | $9,958 | $273 | $17.49 |
| Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees | Lockheed Martin Corporation | DC | 22,570 | $3.41B | $150,986 | $4,995 | — |
| The Perdue Savings Plan | Perdue Farms Inc. | DC | 20,923 | $708M | $33,859 | $1,161 | $34.05 |
| Ufcw- Giant Excess Supplemental Benefit Fund | Board of Trustees Ufcw-Giant Excess Supplemental Benefit Fybd | DB | 20,503 | $19K | $1 | $42 | $7.68 |
| Hmshost Hudson 401(k) Retirement Savings Plan | Host International, Inc. | DC | 20,377 | $485M | $23,780 | $622 | $37.39 |
| Seafarers Pension Plan | Board of Trustees Seafarers Pension Plan | DB | 17,705 | $2.06B | $116,076 | $1,802 | $620 |
| Seafarers Money Purchase Pension Plan | Board of Trustees Seafarers Money Purchase Pension Plan | DC | 16,362 | $168M | $10,244 | $1,429 | $82.26 |
| Johns Hopkins Health System Corporation Retirement Plan | Johns Hopkins Health System Corporation | DB | 16,291 | $2.26B | $138,434 | $2,083 | $352 |
| Bert Bell/pete Rozelle NFL Player Retirement Plan | Retirement Board of Bert Bell/pete Rozelle NFL Player Retirement Plan | DB | 15,591 | $3.95B | $253,040 | $97,090 | $1,073 |
| Under Armour 401(k) Plan | Under Armour, Inc. | DC | 14,248 | $382M | $26,822 | $884 | $18.57 |
| Erickson Community 401(k) Plan | Oak Crest Village, Inc. | DC | 13,949 | $295M | $21,126 | $725 | $54.33 |
| Mid-Atlantic Regional Council of Carpenters' Annuity Fund | Board of Trustees Mid-Atlantic Regional Council of Carpenters' Annuity | DC | 13,746 | $126M | $9,141 | $727 | $86.33 |
| Board of Electrical Workers Local #26 I.A. Individual Account Plan | BD of Trustees for Electrical WKRS Loc No. 26 Individual Account Fund | DC | 13,624 | $1.30B | $95,246 | $4,937 | $110 |
| Electrical Workers Local No. 26 Pension Trust Fund | Electrical Workers Local No 26 Pension Trust Fund | DB | 13,539 | $1.03B | $76,112 | $9,703 | $431 |
| Howard Hughes Medical Institute Retirement Savings Plan | Howard Hughes Medical Institute | DC | 13,330 | $1.97B | $147,550 | $10,263 | $27.97 |
| UFCW Giant-Safeway Excess Supplemental Benefit Pension Fund | Board of Trustees UFCW Giant-Safeway Excess Supplemental Benefit Pensi | DB | 13,011 | $46K | $4 | $58 | $8.39 |
| Stanley Black & Decker Pension Plan | Black & Decker (U.S.) Inc. | DB | 12,751 | $717M | $56,267 | $5,966 | $232 |
| The Johns Hopkins University Applied Physics Laboratory Pension Plan B | The Johns Hopkins University Applie D Physics Laboratory LLC Jhu/apl | DC | 12,649 | $2.99B | $236,316 | — | $72.45 |
| Ufcw-Giant Variable Annuity Fund | Board of Trustees Ufcw-Giant Variable Annuity Fund | DB | 12,031 | $52.2M | $4,339 | $1,318 | $109 |
| T. Rowe Price U.S. Retirement Program | T. Rowe Price Group, Inc. | DC | 12,005 | $5.57B | $464,125 | $21,825 | — |
| Fundamental Retirement Savings Plan | Hunt Valley Holdings LLC | DC | 11,969 | $122M | $10,232 | $10 | $40.27 |
| The Johns Hopkins University Applied Physics Laboratory Pension Plan a | The Johns Hopkins University Applie D Physics Laboratory LLC Jhu/apl | DC | 11,679 | $2.97B | $254,276 | $14,673 | $84.27 |
| UFCW Unions and Participating Employers Pension Plan | Board of Trustees the UFCW Unions and Participating Employers Pension | DB | 11,636 | $94.1M | $8,090 | $2,601 | $133 |
| NFL Player Second Career Savings Plan | Savings Board of the NFL Player Second Career Savings Plan | DC | 11,630 | $4.08B | $351,071 | $25,612 | $395 |
| Unite Here Local 25 and Hotel Association of Washington, DC Pension Plan | Board of Trustees-Htl. & Rest. Emp. LO.25&HTL Assn | DB | 11,610 | $357M | $30,779 | $5,235 | $110 |
| The National Football League Club Employees Pension Plan | Multiple Employers | DB | 11,358 | $2.20B | $193,417 | $12,104 | $543 |
| Lockheed Martin Corporation Capital Accumulation Plan | Lockheed Martin Corporation | DC | 11,010 | $286M | $25,987 | $63 | — |
| Total Wine & More 401(k) Plan | Retail Services & Systems, Inc. | DC | 10,763 | $162M | $15,048 | $557 | $25.40 |
| Medstar Health, Inc. Pension Equity Plan | Medstar Health, Inc. | DB | 10,668 | $601M | $56,356 | — | $77.58 |
| Umms Voluntary 403(b) Plan | University of Maryland Medical System Corporation | DC | 10,604 | $793M | $74,818 | — | $22.85 |
| Luminis Health Retirement Plan | Luminis Health Anne Arundel Medical Center, Inc. | DC | 10,246 | $462M | $45,123 | $0 | $32.96 |
| Major League Baseball Players Pension Plan | Pension Committee of MLB Players Benefit Plan | DB | 10,051 | $4.66B | $463,313 | $130,091 | $1,001 |
| Mid-Atlantic Regional Council of Carpenters' Pension Plan | Board of Trustees - Marc Pension Plan | DB | 9,688 | $572M | $59,064 | $10,445 | $375 |
| University of Maryland Medical System 401(a) Defined Contribution Plan | Univ of Maryland Medical System Corporation | DC | 9,651 | $515M | $53,404 | $2,290 | $28.31 |
| Sinclair, Inc. 401(k) Retirement Savings Plan | Sinclair, Inc. | DC | 9,376 | $748M | $79,802 | $2,687 | $36.50 |
| Lockheed Martin Corporation Pension Plan for Specified Retirees | Lockheed Martin Corporation | DB | 9,288 | $989M | $106,454 | — | — |
| Lockheed Martin Corporation Hourly Employee Savings Plan Plus | Lockheed Martin Corporation | DC | 9,155 | $1.22B | $133,164 | $3,665 | — |
| Luminis Health Retirement Plan (Employer Contributions) | Luminis Health Anne Arundel Medical Center, Inc. | DC | 9,119 | $122M | $13,399 | $2,385 | $15.80 |
| Carpenters Local Union No 491 Annuity Plan | Carpenters Local No 491 Annuity Plan | DC | 9,068 | $37.2M | $4,104 | $4,168 | $8.12 |
By plan size
By industry
By plan year
Questions and answers
How many retirement plans are there in Maryland?
1,528 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 2,435 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in Maryland?
The median defined contribution plan reported $54,904 in net assets per participant (middle half of plans: $26,919 to $100,540); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in Maryland?
The median defined contribution plan received $2,346 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in Maryland?
Among defined contribution plans that report any Schedule C compensation, the median was $142 per participant and 0.28% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 and Form 5500-SF research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.