State by plan year
Montana retirement plan filings, 2023
Plan years beginning in 2023, as filed with the Department of Labor.
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.
For plan years beginning in 2023, 403 pension plans based in Montana filed the full Form 5500, 205 of them with 100 or more participants (198 defined contribution, 7 defined benefit).
Those filings reported 129,160 participant records and $8.63B in net assets, 0.1% of the national total. Employers contributed $305M, participants $354M, and $808M was paid in benefits.
16 filings were marked as a plan's first return and 19 as its final return. A further 2,399 small plans filed the short Form 5500-SF, with 58,408 participants and $3.51B in net assets.
Against 2022: large plans down 11%, participant records up 3%, net assets up 14%.
Montana and the United States, 2023
| Measure | Montana | United States | Montana share |
|---|---|---|---|
| Pension plans on Form 5500 | 403 | 130,947 | 0.3% |
| Plans with 100+ participants | 205 | 73,434 | 0.3% |
| Participant records | 129,160 | 137,576,381 | 0.1% |
| Net assets | $8.63B | $11.02T | 0.1% |
| Employer contributions | $305M | $284.7B | 0.1% |
| Participant contributions | $354M | $371.1B | 0.1% |
| Benefits paid | $808M | $917.7B | 0.1% |
| First returns | 16 | 4,567 | 0.4% |
| Final returns | 19 | 5,242 | 0.4% |
| Small plans on Form 5500-SF | 2,399 | 716,521 | 0.3% |
Median plan, 2023
| Plans with 100+ participants | MT: DC | US: DC | MT: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $42,365 | $47,338 | $99,969 | $81,709 |
| Employer contributions per active participant | $2,289 | $2,068 | $8,840 | $9,899 |
| Schedule C compensation per participant | $135 | $108 | $245 | $319 |
| Administrative expenses per participant | $123 | $102 | $232 | $553 |
Change from 2022
| Measure | 2022 | 2023 | Change |
|---|---|---|---|
| Plans with 100+ participants | 231 | 205 | down 11% |
| Participant records | 126,000 | 129,160 | up 3% |
| Net assets | $7.55B | $8.63B | up 14% |
| Employer contributions | $287M | $305M | up 6% |
| Median DC assets per participant | $34,611 | $42,365 | up 22% |
All Montana plans, providers and the largest plans
Questions and answers
How many retirement plans filed in Montana for 2023?
403 pension plans on the full Form 5500 (205 with 100 or more participants) and 2,399 small plans on Form 5500-SF.
How many new and terminated plans were there?
16 full-form filings were marked as a first return and 19 as a final return. A final return is filed when a plan terminates or merges into another plan.
What was the median plan like?
The median defined contribution plan with 100 or more participants held $42,365 per participant, and the median employer contribution was $2,289 per active participant.
Why is the state the sponsor's state?
Form 5500 records the plan sponsor's address, not where participants live. A national employer's plan is counted once, in the state of its headquarters filing address.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 and Form 5500-SF research files for 2023, public domain, with filings received through 24 Aug 2026. First and final returns are the filer's own check-boxes on the form. See the methodology.