Retirement plans by state
939,424active retirement plans
939,424 retirement plans file a Form 5500, holding $15.23T for 165,879,258 participants. California has the most, 165,577.
States are where the sponsor's mailing address is, not where the employees work.
Data as of 2026-11-08. Source: U.S. Department of Labor Form 5500.
| State | Plans | 401(k) plans | Assets | Participants | Median plan assets |
|---|---|---|---|---|---|
| California | 165,577 | 143,360 | $1.72T | 17,722,625 | $439K |
| New York | 69,458 | 56,957 | $1.35T | 13,857,107 | $885K |
| Texas | 57,662 | 51,442 | $1.19T | 11,859,479 | $613K |
| Florida | 55,271 | 49,172 | $416.7B | 6,876,711 | $457K |
| Illinois | 38,193 | 33,407 | $973.9B | 8,676,308 | $952K |
| Pennsylvania | 35,545 | 30,777 | $754.5B | 8,337,305 | $1.1M |
| New Jersey | 34,676 | 29,645 | $808.4B | 6,706,727 | $781K |
| Ohio | 29,920 | 25,801 | $578.1B | 6,540,483 | $1.2M |
| Massachusetts | 29,152 | 25,963 | $541.8B | 5,056,649 | $975K |
| Michigan | 25,617 | 22,766 | $498.8B | 5,087,125 | $1.1M |
| Georgia | 24,477 | 21,694 | $501.4B | 6,416,187 | $623K |
| Virginia | 24,145 | 21,590 | $561.6B | 5,135,007 | $860K |
| North Carolina | 23,160 | 20,708 | $432.3B | 4,633,227 | $666K |
| Colorado | 21,124 | 19,431 | $141.4B | 2,182,923 | $371K |
| Maryland | 21,068 | 18,755 | $367.5B | 4,431,675 | $714K |
| Washington | 19,786 | 18,012 | $594.9B | 6,451,199 | $730K |
| Minnesota | 18,260 | 16,412 | $535.1B | 5,129,166 | $1.1M |
| Arizona | 17,406 | 15,375 | $125.8B | 2,227,046 | $480K |
| Wisconsin | 16,051 | 14,556 | $288.7B | 2,785,975 | $1.4M |
| Connecticut | 14,905 | 12,951 | $381.8B | 2,800,154 | $933K |
| Oregon | 14,364 | 13,189 | $117.2B | 1,426,065 | $597K |
| Indiana | 13,635 | 12,127 | $193.2B | 2,172,834 | $1.0M |
| Tennessee | 13,140 | 11,605 | $291.6B | 4,524,140 | $839K |
| Missouri | 13,044 | 11,544 | $286.1B | 3,039,667 | $1.1M |
| South Carolina | 10,500 | 9,447 | $77.4B | 1,003,154 | $598K |
| Nevada | 8,927 | 8,020 | $42.6B | 889,515 | $282K |
| Louisiana | 8,573 | 7,711 | $79.9B | 957,747 | $1.1M |
| Alabama | 8,557 | 7,598 | $73.8B | 1,041,278 | $1.0M |
| Utah | 8,278 | 7,585 | $79.2B | 1,285,238 | $645K |
| Kentucky | 7,590 | 6,594 | $85.9B | 1,224,138 | $1.1M |
| Iowa | 7,220 | 6,451 | $98.4B | 1,310,030 | $1.6M |
| Kansas | 6,920 | 6,255 | $69.4B | 795,855 | $1.2M |
| Oklahoma | 6,828 | 6,186 | $62.3B | 1,217,721 | $893K |
| District of Columbia | 5,707 | 4,442 | $182.7B | 2,482,396 | $1.4M |
| New Hampshire | 5,076 | 4,544 | $35.9B | 447,580 | $808K |
| Nebraska | 4,953 | 4,471 | $77.9B | 746,611 | $1.2M |
| Delaware | 4,688 | 4,293 | $61.9B | 458,003 | $370K |
| Hawaii | 4,533 | 3,644 | $39.2B | 386,060 | $987K |
| Idaho | 4,449 | 4,025 | $39.6B | 490,069 | $665K |
| Arkansas | 4,436 | 3,886 | $89.1B | 2,688,641 | $937K |
| Maine | 4,099 | 3,656 | $43.7B | 489,333 | $692K |
| Puerto Rico | 4,057 | 787 | $17.7B | 309,649 | $534K |
| Rhode Island | 3,882 | 3,417 | $121.2B | 1,167,998 | $824K |
| New Mexico | 3,576 | 3,133 | $41.1B | 320,714 | $676K |
| Mississippi | 3,441 | 3,037 | $23.2B | 353,196 | $1.1M |
| Montana | 3,137 | 2,771 | $17.3B | 218,397 | $819K |
| West Virginia | 2,797 | 2,354 | $23.6B | 351,884 | $1.2M |
| North Dakota | 2,423 | 2,131 | $29.4B | 305,863 | $1.5M |
| Vermont | 2,307 | 1,998 | $16.4B | 174,000 | $888K |
| South Dakota | 2,045 | 1,834 | $13.3B | 192,358 | $1.3M |
| Alaska | 1,967 | 1,701 | $18.8B | 243,734 | $980K |
| Wyoming | 1,684 | 1,520 | $4.3B | 66,883 | $544K |
| Guam | 477 | 453 | $866.1M | 21,995 | $543K |
| U.S. Virgin Islands | 169 | 142 | $330.0M | 6,825 | $632K |
| MP | 59 | 57 | $53.5M | 2,078 | $291K |
How we counted
- All retirement plan types. Sponsor mailing state. States with fewer than 50 plans left out.
- Source: PlanOptica analysis of U.S. Department of Labor Form 5500 filings, newest filing of each active plan (plan years 2024 and 2025). Data as of 2026-11-08.
Cite as: PlanOptica, https://planoptica.com/research/retirement-plans-by-state. Need the rows behind this page? Custom data or the API waitlist.