Ranking of Combined Total-Assets and Total-Participants 401(k) Brackets by their CY2023 Average Total Administrative Expenses

Addresses 50,987 401(k) plans whose plan-year start date is in Q1 2023, filed a Schedule H, and had at least $1 in total assets.  Uses data update (1/26/25) from DOL EBSA.

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Total-Assets Bracket | Total-Participants Bracket | Avg Total Admin Expenses | No. of Plans

1. $1B+  |  25,000+  |  $3,891,686  |  336

2. $1B+ | 5,000 to 24,999 | $1,094,296 | 561

3. $250M to $1B | 25,000+ | $1,030,439 | 84

4. $100M to $250M | 25,000+ | $575,672 | 17

5. $250M to $1B | 5,000 to 24,999 | $546,216 | 804

6. $1B+ | 1,000 to 4,999 | $446,719 | 75

7. $100M to $250M | 5,000 to 24,999 | $429,481 | 294

8. $250M to $1B | fewer than 10 | $353,283 | 3

9. $100M to $250M | fewer than 10 | $305,686 | 3

10. $50M to $100M | 5,000 to 24,999 | $260,140 | 121

11. $250M to $1B | 1,000 to 4,999 | $259,971 | 1,205

12. $250M to $1B | 100 to 499 | $232,568 | 11

13. $10M to $50M | 25,000+ | $205,675 | 5

14. $100M to $250M | 1,000 to 4,999 | $184,109 | 2,019

15. $10M to $50M | 5,000 to 24,999 | $174,715 | 121

16. $50M to $100M | fewer than 10 | $172,246 | 4

17. $50M to $100M | 1,000 to 4,999 | $166,386 | 1,644

18. $250M to $1B | 500 to 999 | $145,987 | 75

19. $10M to $50M | 1,000 to 4,999 | $115,244 | 2,071

20. $100M to $250M | 500 to 999 | $106,225 | 643

21. $50M to $100M | 500 to 999 | $96,957 | 1,560

22. $100M to $250M | 100 to 499 | $90,245 | 303

23. $1 to $1M | fewer than 10 | $85,097 | 93

24. $10M to $50M | 500 to 999 | $80,105 | 4,423

25. $1M to $10M | fewer than 10 | $68,041 | 20

26. $50M to $100M | 100 to 499 | $65,509 | 1,394

27. $10M to $50M | fewer than 10 | $56,626 | 21

28. $1M to $10M | 25,000+ | $56,045 | 6

29. $10M to $50M | 25 to 49 | $53,239 | 2

30. $1M to $10M | 5,000 to 24,999 | $48,755 | 30

31. $1M to $10M | 1,000 to 4,999 | $48,589 | 589

32. $10M to $50M | 100 to 499 | $47,984 | 16,117

33. $1 to $1M | 25 to 49 | $46,534 | 14

34. $1M to $10M | 500 to 999 | $36,658 | 1,429

35. $1 to $1M | 1,000 to 4,999 | $36,490 | 28

36. $10M to $50M | 50 to 99 | $33,415 | 71

37. $1 to $1M | 10 to 24 | $30,458 | 17

38. $1M to $10M | 50 to 99 | $26,215 | 275

39. $1M to $10M | 100 to 499 | $25,954 | 13,716

40. $1M to $10M | 10 to 24 | $23,161 | 4

41. $1 to $1M | 500 to 999 | $20,233 | 72

42. $1M to $10M | 25 to 49 | $19,720 | 23

43. $1 to $1M | 50 to 99 | $16,400 | 53

44. $1 to $1M | 100 to 499 | $8,551 | 629

45. $1 to $1M | 5,000 to 24,999 | $5,191 | 1

46. $50M to $100M | 50 to 99 | $0 | 1

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