Ranking of CY 2022 401(k) Industry Groups by their
Average Employer Cash Contribution per Active Participant
Ranks the 271 industry groups (first four digits from the six-digit NAICS business code, Line 2d in Form 5500) of 401(k) plans by their average employer cash contribution per active participant, i.e., cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. Each plan's contribution is weighted by its number of active participants. Addresses 61,177 401k plans that filed a Schedule H, whose start date is in Q1 2022, and each with at least $1 in total assets. Uses data update (4/25/24) from DOL EBSA.
The weighted average of employer cash contributions per active participant is $2,442 for 60,823 qualifying plans.
Industry Group | Number of 401k Plans | Average Employer Cash Contribution per Active Participant
1. Iron and Steel Mills and Ferroalloy Manufacturing | #plans=84 | avg=$11,206
2. Pipeline Transportation | #plans=25 | avg=$10,049
3. Securities and Commodity Exchanges | #plans=11 | avg=$9,666
4. Tobacco Manufacturing | #plans=28 | avg=$8,917
5. Petroleum and Coal Products Manufacturing | #plans=138 | avg=$8,827
6. Sound Recording Industries | #plans=10 | avg=$8,817
7. Other Investment Pools and Funds | #plans=78 | avg=$8,562
8. Pharmaceutical and Medicine Manufacturing | #plans=308 | avg=$8,457
9. Other Financial Investment Activities | #plans=518 | avg=$7,357
10. Legal Services | #plans=1,148 | avg=$7,317
11. Basic Chemical Manufacturing | #plans=137 | avg=$7,240
12. Oil and Gas Extraction | #plans=215 | avg=$6,834
13. Aerospace Product and Parts Manufacturing | #plans=184 | avg=$6,638
14. Other Information Services | #plans=274 | avg=$6,569
15. Other Chemical Product and Preparation Manufacturing | #plans=175 | avg=$6,274
16. Metal Ore Mining | #plans=38 | avg=$6,262
17. Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing | #plans=69 | avg=$6,027
18. Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing | #plans=48 | avg=$5,894
19. Securities and Commodity Contracts Intermediation and Brokerage | #plans=191 | avg=$5,757
20. Air Transportation | #plans=192 | avg=$5,673
21. Electric Power Generation, Transmission and Distribution | #plans=237 | avg=$5,620
22. Scientific Research and Development Services | #plans=442 | avg=$5,462
23. Software Publishers | #plans=400 | avg=$5,442
24. Cable and Other Subscription Programming | #plans=28 | avg=$5,391
25. Semiconductor and Other Electronic Component Manufacturing | #plans=219 | avg=$5,274
26. Agriculture, Construction, and Mining Machinery Manufacturing | #plans=155 | avg=$4,995
27. Natural Gas Distribution | #plans=68 | avg=$4,759
28. Computer and Peripheral Equipment Manufacturing | #plans=133 | avg=$4,740
29. Coal Mining | #plans=62 | avg=$4,627
30. Lime and Gypsum Product Manufacturing | #plans=14 | avg=$4,551
31. Other Electrical Equipment and Component Manufacturing | #plans=380 | avg=$4,477
32. Navigational, Measuring, Electromedical, and Control Instruments Manufacturing | #plans=120 | avg=$4,404
33. Activities Related to Credit Intermediation | #plans=92 | avg=$4,402
34. Soap, Cleaning Compound, and Toilet Preparation Manufacturing | #plans=96 | avg=$4,395
35. Insurance Carriers | #plans=433 | avg=$4,394
36. Medical Equipment and Supplies Manufacturing | #plans=336 | avg=$4,387
37. Offices of Physicians | #plans=1,866 | avg=$4,369
38. Grain and Oilseed Milling | #plans=47 | avg=$4,300
39. Other Miscellaneous Manufacturing | #plans=1,026 | avg=$4,297
40. Depository Credit Intermediation | #plans=1,758 | avg=$4,291
41. Nonmetallic Mineral Mining and Quarrying | #plans=106 | avg=$4,157
42. Motor Vehicle Manufacturing | #plans=84 | avg=$4,123
43. Management of Companies and Enterprises | #plans=673 | avg=$4,088
44. Timber Tract Operations | #plans=10 | avg=$4,084
45. Veneer, Plywood, and Engineered Wood Product Manufacturing | #plans=71 | avg=$4,064
46. Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers | #plans=227 | avg=$4,029
47. Pulp, Paper, and Paperboard Mills | #plans=90 | avg=$4,009
48. Household Appliance Manufacturing | #plans=36 | avg=$3,877
49. Support Activities for Mining | #plans=128 | avg=$3,844
50. Industrial Machinery Manufacturing | #plans=276 | avg=$3,826
51. Alumina and Aluminum Production and Processing | #plans=78 | avg=$3,824
52. Agencies, Brokerages, and Other Insurance Related Activities | #plans=602 | avg=$3,725
53. Engine, Turbine, and Power Transmission Equipment Manufacturing | #plans=88 | avg=$3,707
54. Telecommunications | #plans=332 | avg=$3,706
55. Professional and Commercial Equipment and Supplies Merchant Wholesalers | #plans=123 | avg=$3,702
56. Communications Equipment Manufacturing | #plans=99 | avg=$3,659
57. Data Processing, Hosting, and Related Services | #plans=242 | avg=$3,648
58. Other General Purpose Machinery Manufacturing | #plans=231 | avg=$3,605
59. Hardware Manufacturing | #plans=23 | avg=$3,601
60. Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing | #plans=97 | avg=$3,529
61. Nondepository Credit Intermediation | #plans=424 | avg=$3,517
62. Manufacturing and Reproducing Magnetic and Optical Media | #plans=16 | avg=$3,510
63. Paint, Coating, and Adhesive Manufacturing | #plans=72 | avg=$3,507
64. Rubber Product Manufacturing | #plans=142 | avg=$3,504
65. Household Appliances and Electrical and Electronic Goods Merchant Wholesalers | #plans=222 | avg=$3,500
66. Electrical Equipment Manufacturing | #plans=94 | avg=$3,483
67. Electric Lighting Equipment Manufacturing | #plans=51 | avg=$3,357
68. Water, Sewage and Other Systems | #plans=67 | avg=$3,297
69. Management, Scientific, and Technical Consulting Services | #plans=1,087 | avg=$3,232
70. Dairy Product Manufacturing | #plans=131 | avg=$3,189
71. Newspaper, Periodical, Book, and Directory Publishers | #plans=286 | avg=$3,154
72. Architectural, Engineering, and Related Services | #plans=1,554 | avg=$3,150
73. Nonferrous Metal (except Aluminum) Production and Processing | #plans=91 | avg=$3,149
74. Audio and Video Equipment Manufacturing | #plans=38 | avg=$3,101
75. Computer Systems Design and Related Services | #plans=2,106 | avg=$3,027
76. Chemical and Allied Products Merchant Wholesalers | #plans=63 | avg=$3,020
77. Railroad Rolling Stock Manufacturing | #plans=17 | avg=$3,014
78. Nonresidential Building Construction | #plans=649 | avg=$3,008
79. Other Heavy and Civil Engineering Construction | #plans=238 | avg=$2,990
80. Building Equipment Contractors | #plans=970 | avg=$2,979
81. Metal and Mineral (except Petroleum) Merchant Wholesalers | #plans=88 | avg=$2,955
82. Water Transportation | #plans=91 | avg=$2,946
83. Farm Product Raw Material Merchant Wholesalers | #plans=60 | avg=$2,932
84. Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) | #plans=18 | avg=$2,907
85. Direct Selling Establishments | #plans=139 | avg=$2,881
86. Glass and Glass Product Manufacturing | #plans=98 | avg=$2,857
87. Beverage Manufacturing | #plans=232 | avg=$2,832
88. Support Activities for Water Transportation | #plans=49 | avg=$2,810
89. Highway, Street, and Bridge Construction | #plans=333 | avg=$2,810
90. Other Food Manufacturing | #plans=406 | avg=$2,810
91. Religious, Grantmaking, Civic, Professional, and Similar Organizations | #plans=774 | avg=$2,810
92. Other Specialty Trade Contractors | #plans=815 | avg=$2,788
93. Converted Paper Product Manufacturing | #plans=192 | avg=$2,784
94. Sawmills and Wood Preservation | #plans=69 | avg=$2,775
95. Other Nonmetallic Mineral Product Manufacturing | #plans=58 | avg=$2,751
96. Motor Vehicle Parts Manufacturing | #plans=417 | avg=$2,748
97. Forging and Stamping | #plans=169 | avg=$2,705
98. Automotive Equipment Rental and Leasing | #plans=30 | avg=$2,690
99. Radio and Television Broadcasting | #plans=104 | avg=$2,634
100. Spring and Wire Product Manufacturing | #plans=54 | avg=$2,626
101. Sugar and Confectionery Product Manufacturing | #plans=94 | avg=$2,623
102. Clay Product and Refractory Manufacturing | #plans=31 | avg=$2,545
103. Residential Building Construction | #plans=324 | avg=$2,538
104. Other Transportation Equipment Manufacturing | #plans=123 | avg=$2,529
105. Foundries | #plans=65 | avg=$2,521
106. Spectator Sports | #plans=174 | avg=$2,496
107. Hardware and Plumbing and Heating Equipment and Supplies Merchant Wholesalers | #plans=204 | avg=$2,495
108. Machinery, Equipment, and Supplies Merchant Wholesalers | #plans=385 | avg=$2,461
109. Petroleum and Petroleum Products Merchant Wholesalers | #plans=171 | avg=$2,423
110. Steel Product Manufacturing from Purchased Steel | #plans=186 | avg=$2,417
111. Hospitals | #plans=633 | avg=$2,416
112. Metalworking Machinery Manufacturing | #plans=96 | avg=$2,415
113. Other Fabricated Metal Product Manufacturing | #plans=986 | avg=$2,414
114. Ship and Boat Building | #plans=79 | avg=$2,396
115. Paper and Paper Product Merchant Wholesalers | #plans=68 | avg=$2,394
116. Advertising, Public Relations, and Related Services | #plans=398 | avg=$2,377
117. Commercial and Service Industry Machinery Manufacturing | #plans=69 | avg=$2,376
118. Accounting, Tax Preparation, Bookkeeping, and Payroll Services | #plans=479 | avg=$2,373
119. Fruit and Vegetable Preserving and Specialty Food Manufacturing | #plans=130 | avg=$2,371
120. Miscellaneous Durable Goods Merchant Wholesalers | #plans=577 | avg=$2,365
121. Commercial and Industrial Machinery and Equipment Rental and Leasing | #plans=130 | avg=$2,347
122. Footwear Manufacturing | #plans=19 | avg=$2,330
123. Other Support Services | #plans=104 | avg=$2,273
124. Medical and Diagnostic Laboratories | #plans=192 | avg=$2,256
125. Plastics Product Manufacturing | #plans=682 | avg=$2,249
126. Utility System Construction | #plans=108 | avg=$2,236
127. Drugs and Druggists' Sundries Merchant Wholesalers | #plans=76 | avg=$2,225
128. Travel Arrangement and Reservation Services | #plans=58 | avg=$2,183
129. Waste Management and Remediation Services | #plans=184 | avg=$2,168
130. Fishing | #plans=12 | avg=$2,161
131. Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers | #plans=245 | avg=$2,142
132. Cement and Concrete Product Manufacturing | #plans=167 | avg=$2,108
133. Cutlery and Handtool Manufacturing | #plans=59 | avg=$2,089
134. Boiler, Tank, and Shipping Container Manufacturing | #plans=38 | avg=$2,049
135. Electronic Shopping and Mail-Order Houses | #plans=189 | avg=$2,046
136. Death Care Services | #plans=31 | avg=$2,033
137. Miscellaneous Nondurable Goods Merchant Wholesalers | #plans=311 | avg=$2,017
138. Support Activities for Animal Production | #plans=23 | avg=$2,001
139. Apparel Accessories and Other Apparel Manufacturing | #plans=101 | avg=$1,982
140. Architectural and Structural Metals Manufacturing | #plans=141 | avg=$1,972
141. Animal Food Manufacturing | #plans=89 | avg=$1,947
142. Specialized Design Services | #plans=86 | avg=$1,931
143. Logging | #plans=10 | avg=$1,929
144. Furniture and Related Product Manufacturing | #plans=221 | avg=$1,912
145. Executive, Legislative, and Other General Government Support | #plans=76 | avg=$1,864
146. Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | #plans=153 | avg=$1,864
147. Support Activities for Crop Production | #plans=137 | avg=$1,796
148. Support Activities for Air Transportation | #plans=78 | avg=$1,766
149. Seafood Product Preparation and Packaging | #plans=40 | avg=$1,736
150. General Rental Centers | #plans=10 | avg=$1,731
151. Community Food and Housing and Emergency and Other Relief Services | #plans=172 | avg=$1,722
152. Grocery and Related Product Merchant Wholesalers | #plans=324 | avg=$1,710
153. Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing | #plans=205 | avg=$1,707
154. Scenic and Sightseeing Transportation | #plans=16 | avg=$1,682
155. Apparel, Piece Goods, and Notions Merchant Wholesalers | #plans=113 | avg=$1,659
156. Other Wood Product Manufacturing | #plans=205 | avg=$1,649
157. Foundation, Structure, and Building Exterior Contractors | #plans=248 | avg=$1,643
158. Electronic and Precision Equipment Repair and Maintenance | #plans=52 | avg=$1,638
159. Activities Related to Real Estate | #plans=1,088 | avg=$1,628
160. Freight Transportation Arrangement | #plans=138 | avg=$1,602
161. Personal and Household Goods Repair and Maintenance | #plans=35 | avg=$1,572
162. Lumber and Other Construction Materials Merchant Wholesalers | #plans=193 | avg=$1,547
163. Drycleaning and Laundry Services | #plans=82 | avg=$1,516
164. Other Animal Production | #plans=34 | avg=$1,483
165. Facilities Support Services | #plans=102 | avg=$1,467
166. Bakeries and Tortilla Manufacturing | #plans=168 | avg=$1,464
167. Offices of Real Estate Agents and Brokers | #plans=137 | avg=$1,455
168. Business, Professional, Labor, Political, and Similar Organizations | #plans=59 | avg=$1,437
169. Building Finishing Contractors | #plans=162 | avg=$1,353
170. Other Professional, Scientific, and Technical Services | #plans=2,206 | avg=$1,347
171. Coating, Engraving, Heat Treating, and Allied Activities | #plans=99 | avg=$1,346
172. Outpatient Care Centers | #plans=490 | avg=$1,345
173. Support Activities for Road Transportation | #plans=53 | avg=$1,345
174. Office Administrative Services | #plans=234 | avg=$1,340
175. Motor Vehicle Body and Trailer Manufacturing | #plans=70 | avg=$1,327
176. Motion Picture and Video Industries | #plans=84 | avg=$1,327
177. Other Miscellaneous Store Retailers | #plans=230 | avg=$1,318
178. Jewelry, Luggage, and Leather Goods Stores | #plans=43 | avg=$1,316
179. Hunting and Trapping | #plans=2 | avg=$1,315
180. Furniture and Home Furnishing Merchant Wholesalers | #plans=79 | avg=$1,301
181. Printing and Related Support Activities | #plans=417 | avg=$1,301
182. Support Activities for Rail Transportation | #plans=17 | avg=$1,300
183. Health and Personal Care Stores | #plans=245 | avg=$1,298
184. Land Subdivision | #plans=42 | avg=$1,286
185. Educational Services | #plans=723 | avg=$1,271
186. Lessors of Real Estate | #plans=378 | avg=$1,257
187. Wholesale Electronic Markets and Agents and Brokers | #plans=63 | avg=$1,243
188. Textile Product Mills | #plans=103 | avg=$1,241
189. Performing Arts Companies | #plans=49 | avg=$1,236
190. Promoters of Performing Arts, Sports, and Similar Events | #plans=37 | avg=$1,233
191. Other Motor Vehicle Dealers | #plans=148 | avg=$1,228
192. Warehousing and Storage | #plans=207 | avg=$1,178
193. Museums, Historical Sites, and Similar Institutions | #plans=72 | avg=$1,173
194. RV (Recreational Vehicle) Parks and Recreational Camps | #plans=7 | avg=$1,160
195. Other Ambulatory Health Care Services | #plans=177 | avg=$1,136
196. Business Support Services | #plans=280 | avg=$1,121
197. Support Activities for Forestry | #plans=15 | avg=$1,116
198. Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures | #plans=23 | avg=$1,100
199. Cut and Sew Apparel Manufacturing | #plans=72 | avg=$1,098
200. Electronics and Appliance Stores | #plans=73 | avg=$1,093
201. Gambling Industries | #plans=168 | avg=$1,088
202. Furniture Stores | #plans=134 | avg=$1,086
203. Fruit and Tree Nut Farming | #plans=73 | avg=$1,080
204. Offices of Other Health Practitioners | #plans=628 | avg=$1,075
205. Textile Mills | #plans=62 | avg=$1,065
206. Other Crop Farming | #plans=88 | avg=$1,062
207. General Freight Trucking | #plans=701 | avg=$1,061
208. Interurban and Rural Bus Transportation | #plans=21 | avg=$1,057
209. Hog and Pig Farming | #plans=14 | avg=$1,050
210. Oilseed and Grain Farming | #plans=85 | avg=$1,037
211. Amusement Parks and Arcades | #plans=37 | avg=$1,033
212. Automotive Parts, Accessories, and Tire Stores | #plans=162 | avg=$1,031
213. Poultry and Egg Production | #plans=43 | avg=$1,011
214. General Merchandise Stores, including Warehouse Clubs and Supercenters | #plans=42 | avg=$996
215. Other Support Activities for Transportation | #plans=113 | avg=$987
216. Vegetable and Melon Farming | #plans=58 | avg=$982
217. Greenhouse, Nursery, and Floriculture Production | #plans=110 | avg=$978
218. Office Supplies, Stationery, and Gift Stores | #plans=46 | avg=$950
219. Other Personal Services | #plans=562 | avg=$940
220. Automobile Dealers | #plans=1,621 | avg=$924
221. Rail Transportation | #plans=53 | avg=$913
222. Individual and Family Services | #plans=638 | avg=$909
223. Cattle Ranching and Farming | #plans=42 | avg=$904
224. Automotive Repair and Maintenance | #plans=165 | avg=$894
225. Shoe Stores | #plans=34 | avg=$873
226. Apparel Knitting Mills | #plans=11 | avg=$851
227. Clothing Stores | #plans=152 | avg=$847
228. Other Leather and Allied Product Manufacturing | #plans=10 | avg=$812
229. Vending Machine Operators | #plans=18 | avg=$809
230. Offices of Dentists | #plans=181 | avg=$803
231. Aquaculture | #plans=7 | avg=$795
232. Department Stores | #plans=18 | avg=$779
233. Book Stores and News Dealers | #plans=17 | avg=$763
234. Home Furnishings Stores | #plans=73 | avg=$758
235. Insurance and Employee Benefit Funds | #plans=64 | avg=$751
236. Vocational Rehabilitation Services | #plans=139 | avg=$739
237. Building Material and Supplies Dealers | #plans=246 | avg=$739
238. Animal Slaughtering and Processing | #plans=105 | avg=$735
239. Florists | #plans=13 | avg=$728
240. Leather and Hide Tanning and Finishing | #plans=2 | avg=$710
241. Traveler Accommodation | #plans=615 | avg=$706
242. Urban Transit Systems | #plans=19 | avg=$701
243. Specialty Food Stores | #plans=144 | avg=$696
244. Lawn and Garden Equipment and Supplies Stores | #plans=51 | avg=$676
245. Other Transit and Ground Passenger Transportation | #plans=58 | avg=$675
246. Consumer Goods Rental | #plans=24 | avg=$670
247. Forest Nurseries and Gathering of Forest Products | #plans=4 | avg=$668
248. Other Amusement and Recreation Industries | #plans=372 | avg=$662
249. Sporting Goods, Hobby, and Musical Instrument Stores | #plans=82 | avg=$649
250. Grocery Stores | #plans=459 | avg=$618
251. Taxi and Limousine Service | #plans=23 | avg=$602
252. Services to Buildings and Dwellings | #plans=333 | avg=$587
253. Specialized Freight Trucking | #plans=185 | avg=$566
254. Gasoline Stations | #plans=118 | avg=$544
255. Independent Artists, Writers, and Performers | #plans=9 | avg=$528
256. Beer, Wine, and Liquor Stores | #plans=22 | avg=$484
257. Child Day Care Services | #plans=96 | avg=$483
258. Used Merchandise Stores | #plans=28 | avg=$471
259. Home Health Care Services | #plans=620 | avg=$441
260. Couriers and Express Delivery Services | #plans=28 | avg=$437
261. Rooming and Boarding Houses, Dormitories, and Workers' Camps | #plans=11 | avg=$434
262. Employment Services | #plans=657 | avg=$421
263. Personal Care Services | #plans=105 | avg=$417
264. Special Food Services | #plans=216 | avg=$336
265. School and Employee Bus Transportation | #plans=57 | avg=$325
266. Investigation and Security Services | #plans=145 | avg=$322
267. Drinking Places (Alcoholic Beverages) | #plans=19 | avg=$317
268. Restaurants and Other Eating Places | #plans=1,025 | avg=$311
269. Nursing and Residential Care Facilities | #plans=1,220 | avg=$307
270. Charter Bus Industry | #plans=30 | avg=$305
271. Local Messengers and Local Delivery | #plans=23 | avg=$112