State · sponsors with a Montana filing address
Retirement plans in Montana
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.
204 retirement plans based in Montana with 100 or more participants filed Form 5500 for plan year 2024 (197 defined contribution, 7 defined benefit). All Form 5500 pension filers in the group reported 131,763 participant records and $9.42B in net assets.
The median defined contribution plan held $50,687 per participant, close to the national median of $53,031, and its employer put in $2,630 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $148 per participant against $123 nationally.
Employers contributed $314M and participants $369M during the year, and the plans paid out $1.03B in benefits.
In 2009 the same group numbered 217 plans with $3.15B; by 2024 it was 204 plans (down 6%) and $9.42B (up 199%). 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, 2,530 small plans based in Montana filed the short Form 5500-SF for 2024, with 60,964 participants and $3.83B 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 | MT: DC | US: DC | MT: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $50,687 | $53,031 | $110,740 | $86,234 |
| Employer contributions per active participant | $2,630 | $2,174 | $3,017 | $10,244 |
| Schedule C compensation per participant | $148 | $123 | $320 | $344 |
| Schedule C compensation, share of net assets | 0.32% | 0.26% | 0.67% | 0.42% |
| Administrative expenses per participant | $141 | $116 | $352 | $527 |
Medians across plans with 100 or more participants (189 DC and 7 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 | $30,244 | $50,687 | $91,710 | 189 |
| Employer contributions per active participant | $1,277 | $2,630 | $4,276 | 186 |
| Schedule C compensation per participant | $72.07 | $148 | $266 | 173 |
| Administrative expenses per participant | $58.38 | $141 | $265 | 182 |
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 | 27 | 15,780 | $738M | $26.1M | $38.5M | $67,428 | $229 |
| 2024 | 204 | 131,763 | $9.42B | $314M | $369M | $50,687 | $148 |
| 2023 | 205 | 129,160 | $8.63B | $305M | $354M | $42,365 | $135 |
| 2022 | 231 | 126,000 | $7.55B | $287M | $336M | $34,611 | $128 |
| 2021 | 235 | 118,574 | $8.64B | $288M | $300M | $40,390 | $136 |
| 2020 | 230 | 122,599 | $8.56B | $269M | $303M | $38,450 | $116 |
| 2019 | 232 | 123,892 | $7.35B | $242M | $277M | $32,374 | $109 |
| 2018 | 228 | 111,873 | $5.72B | $202M | $233M | $28,646 | $100 |
| 2017 | 223 | 112,503 | $6.17B | $201M | $213M | $31,042 | $93.46 |
| 2016 | 215 | 108,491 | $5.18B | $187M | $191M | $28,005 | $75.60 |
| 2015 | 209 | 101,343 | $4.67B | $168M | $183M | $24,734 | $63.14 |
| 2014 | 213 | 97,834 | $4.75B | $158M | $166M | $26,139 | $53.00 |
| 2013 | 224 | 105,462 | $4.65B | $149M | $162M | $26,142 | $54.02 |
| 2012 | 217 | 103,082 | $4.08B | $154M | $149M | $23,492 | $34.67 |
| 2011 | 211 | 103,060 | $3.70B | $138M | $142M | $21,282 | $47.35 |
| 2010 | 215 | 105,610 | $3.61B | $130M | $134M | $19,743 | $37.30 |
| 2009 | 217 | 201,862 | $3.15B | $147M | $128M | $16,922 | $37.21 |
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 203 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 60 largest by participants of 203 plans with a page on this site.
| Plan | Sponsor | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|
| Billings Clinic Pension Plan | Billings Clinic | DC | 7,192 | $262M | $36,453 | $2,557 | $20.86 |
| Logan Health Retirement Savings Plan | Logan Health | DC | 5,805 | $500M | $86,193 | $4,277 | $118 |
| Consumer Direct Management Solutions 401(k) Plan | Consumer Direct Management Solutions | DC | 5,767 | $10.8M | $1,876 | $0 | $5.35 |
| Billings Clinic 403(b) Plan | Billings Clinic | DC | 5,446 | $595M | $109,219 | $1,573 | $41.70 |
| Town Pump, Et Al 401(k) Plan | Town Pump, Et Al | DC | 5,192 | $106M | $20,424 | $1,074 | $38.95 |
| Glacier Bancorp, Inc. Profit Sharing and 401(k) Plan | Glacier Bancorp, Inc. | DC | 5,080 | $538M | $105,894 | $5,692 | $35.70 |
| First Interstate Bancsystem, Inc. 401(k) Plan | First Interstate Bancsystem, Inc. | DC | 4,990 | $482M | $96,540 | $3,720 | $34.66 |
| Bozeman Health 403(b) Plan | Bozeman Deaconess Health Services DBA Bozeman Health | DC | 3,069 | $75.8M | $24,695 | — | $41.84 |
| LMLC Operations LLC Retirement Plan and Trust | LMLC Operations LLC | DC | 2,860 | $47.5M | $16,617 | $1,194 | $79.67 |
| St. Peter's Hospital 403(b) Tax Deferred Savings Plan | St. Peters Health | DC | 2,580 | $130M | $50,433 | $1,226 | $105 |
| Ranch and Home Supply, LLC 401(k) Plan | Ranch and Home Supply, LLC | DC | 2,539 | $49.1M | $19,337 | $809 | $122 |
| Bozeman Health Retirement Plan | Bozeman Deaconess Health Services DBA Bozeman Health | DC | 2,409 | $99.1M | $41,135 | $5,213 | $86.67 |
| D.A. Davidson Companies Retirement Savings and Profit Sharing Plan | D.A. Davidson Companies | DC | 2,084 | $623M | $298,787 | $8,403 | $69.30 |
| Washington Companies 401(k) Retirement Savings Plan | Washington Companies | DC | 2,078 | $313M | $150,418 | $6,354 | $98.95 |
| Northwestern Energy 401(k) Retirement Savings Plan | Northwestern Corporation | DC | 2,038 | $513M | $251,604 | $8,880 | $123 |
| D.A. Davidson Companies Employee Stock Ownership Plan | D.A. Davidson Companies | DC | 1,831 | $176M | $95,916 | — | $10.58 |
| Charlie Health 401(k) Plan | Charlie Health, Inc. | DC | 1,668 | $14.6M | $8,743 | $1,588 | $38.98 |
| Loenbro, LLC 401(k) Plan | Loenbro, LLC. | DC | 1,570 | $17.3M | $11,040 | $841 | $89.54 |
| Montana Health Network 401(k) Plan | Montana Health Network | DC | 1,498 | $53.1M | $35,423 | $1,375 | $187 |
| Stillwater Mining Company Bargaining Unit 401(k) Plan | Stillwater Mining Company | DC | 1,342 | $276M | $205,888 | $10,241 | $164 |
| Pacific Hide & Fur Depot d/b/a Pacific Steel & Recycling ESOP | Pacific Hide & Fur Depot d/b/a Pacific Steel and Recycling | DC | 1,239 | $320M | $258,620 | $13,923 | $43.38 |
| Electrical Consultants Inc. Profit Sharing Plan | Electrical Consultants, Inc. | DC | 1,204 | $143M | $118,705 | $9,866 | $175 |
| Stockman Financial Corp. 401 (K) Plan | Stockman Financial Corp. | DC | 1,111 | $117M | $105,040 | $3,929 | $67.71 |
| Electrical Consultants, Inc. Employee Stock Ownership Plan | Electrical Consultants, Inc. | DC | 1,076 | $72.8M | $67,612 | $4,291 | — |
| Pacific Hide & Fur Depot d/b/a Pacific Steel & Recycling 401(k) Plan | Pacific Hide & Fur Depot d/b/a Pacific Steel & Recycling | DC | 1,047 | $45.0M | $42,933 | $1,874 | $53.32 |
| Northwestern Energy MT Pension Plan | Northwestern Corporation | DB | 1,028 | $346M | $336,267 | $29,453 | — |
| Esgw 401(k) Retirement Plan | Easter Seals Goodwill Northern Rocky Mountain, Inc. | DC | 1,021 | $12.6M | $12,333 | $478 | $68.33 |
| Save More Retirement Plan and Trust | Barnard Construction Company, Inc. | DC | 1,007 | $127M | $126,252 | $14,311 | $18.81 |
| Bitterroot Health 401(k) Plan | Marcus Daly Memorial Hospital Corporation | DC | 963 | $65.3M | $67,802 | $3,315 | $27.59 |
| S&K Technologies, Inc. 401(k) Profit Sharing Plan and Trust | S&K Technologies, Inc. | DC | 920 | $58.8M | $63,964 | $3,206 | $18.42 |
| Montana Contractors Assoc, Inc. Money Purchase Retirement Plan & Trust | Dick Anderson Construction, Inc. | DC | 897 | $42.3M | $47,102 | $3,422 | $555 |
| Transystems Retirement Plan | Transport Leasing Company DBA Transystems Services | DC | 815 | $8.0M | $9,838 | $468 | $22.73 |
| CSWW, Inc. 401(k) Plan | CSWW, Inc. | DC | 797 | $16.4M | $20,588 | $1,103 | $15.52 |
| Allegiance Benefit Plan Management, Inc. 401(k) Plan | Allegiance Benefit Plan Management, Inc. | DC | 787 | $55.3M | $70,322 | $3,906 | $266 |
| Kampgrounds of America, Inc. Salary Reduction Profit Sharing Plan & Trust | Kampgrounds of America, Inc. | DC | 699 | $33.0M | $47,250 | $3,127 | $149 |
| Dick Anderson Construction, Inc. Profit Sharing Plan | Dick Anderson Construction, Inc. | DC | 678 | $42.5M | $62,732 | $3,184 | $252 |
| Sidney Health Center Pension Plan | Sidney Health Center | DC | 668 | $36.1M | $54,014 | $1,193 | $157 |
| Stillwater Mining Company 401(k) Plan | Stillwater Mining Company | DC | 648 | $154M | $238,375 | $12,679 | $201 |
| St. Luke Community Hospital and Nursing Home 403(b) Plan | St. Luke Community Hospital and Nursing Home | DC | 640 | $23.9M | $37,382 | $1,989 | $322 |
| Northern Montana Hospital 403(b) Plan | Northern Montana Hospital | DC | 616 | $18.5M | $29,962 | $1,019 | $82.14 |
| Livingston Healthcare 401(k) Plan | Livingston Healthcare | DC | 611 | $32.5M | $53,254 | $3,171 | $167 |
| Pension Plan for Employees of Advanced Silicon Materials, LLC | Rec Advanced Silicon Materials, LLC | DB | 603 | $28.4M | $47,110 | $3,017 | $252 |
| Retirement Plan for Employees of Northern Montana Hospital | Northern Montana Hospital | DB | 582 | $31.8M | $54,654 | — | $248 |
| Carroll College 403(b) Plan | Carroll College | DC | 562 | $55.3M | $98,467 | $2,115 | $1.19 |
| St. Peter's Health Cashplus Retirement Plan | St. Peter's Health | DB | 548 | $60.7M | $110,740 | $15,482 | — |
| Menholt Automotive Group 401(k) Plan | Menholt Automotive Group | DC | 537 | $26.2M | $48,703 | $899 | $138 |
| One Health 403(b) Plan | Bighorn Valley Health Center, Inc. | DC | 534 | $9.7M | $18,240 | $1,052 | $74.09 |
| Town and Country Foods, Inc. Employee Stock Ownership Plan | Town and Country Foods, Inc. ESOP | DC | 523 | $31.9M | $60,930 | $5,026 | $37.40 |
| Onxmaps, Inc. 401(k) Plan | Onxmaps, Inc. | DC | 517 | $28.0M | $54,197 | $4,711 | $9.52 |
| Opportunity Bank of Montana Employee Stock Ownership Plan | Opportunity Bank of Montana | DC | 515 | $2.9M | $5,589 | $1,895 | — |
| Shodair Hospital Employees Tax Deferred Annuity Plan | Montana Childrens Home & Hospital | DC | 503 | $16.5M | $32,737 | $2,810 | $148 |
| Montana Contractors Assoc, Inc. Money Purchase Retirement Plan & Trust | Jackson Contractor Group, Inc. | DC | 502 | $21.2M | $42,172 | $7,787 | $520 |
| Opportunity Bank of Montana Profit Sharing Plan & Trust | Opportunity Bank of Montana | DC | 500 | $40.0M | $80,021 | $4,620 | $72.07 |
| Glendive Medical Center 401(k) Profit Sharing Plan | Glendive Medical Center | DC | 486 | $30.4M | $62,563 | $2,119 | $307 |
| Zoot Enterprises 401(k) Profit Sharing Plan | Zoot Enterprises Inc. | DC | 482 | $44.5M | $92,303 | — | $207 |
| Cabinet Peaks Medical Center Personal Retirement Plan | Cabinet Peaks Medical Center | DC | 482 | $14.9M | $30,983 | $1,920 | $123 |
| Morrison-Maierle, Inc. 401(k) Plan | Morrison-Maierle, Inc. | DC | 480 | $73.2M | $152,452 | $2,981 | $263 |
| Yellowstone Boys and Girls Ranch Retirement Plan | Yellowstone Boys and Girls Ranch | DC | 473 | $8.2M | $17,434 | $767 | $27.21 |
| Community, Counseling, and Correctional Services, Inc. 401( | Community, Counseling, and Corre | DC | 467 | $23.7M | $50,663 | $1,275 | $114 |
| Sparus Utility Services, LLC 401(k) Plan and Trust | Sparus Utility Services, LLC | DC | 466 | $3.2M | $6,936 | $489 | $120 |
By plan size
By industry
By plan year
Questions and answers
How many retirement plans are there in Montana?
204 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 386 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 Montana?
The median defined contribution plan reported $50,687 in net assets per participant (middle half of plans: $30,244 to $91,710); 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 Montana?
The median defined contribution plan received $2,630 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 Montana?
Among defined contribution plans that report any Schedule C compensation, the median was $148 per participant and 0.32% 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.