2023
PLANSPONSOR 403(b) Market Survey

Industry Snapshot

Industry Snapshot

Defined Contribution Assets by Plan Type

401(k)
$6.40B
403(b)
$1.20B
457
$493MM
Money purchase/profit sharing
$341MM
Employee stock ownership plan/KSOP
$200MM
NQDC*
$173MM
State-sponsored
$8MM
Other
$908MM
*Nonqualified deferred compensation

403(b) Assets, by Plan Size

  • <25 participants
  • 26 – 100 participants
  • 101 – 500 participants
  • 501 – 1,000 participants
  • 1,001 – 5,000 participants
  • >5,000 participants

403(b) Plans, by Plan Type

  • ERISA
  • Non-ERISA

403(b) Participants, by Market Segment

  • K-12
  • Higher education
  • Healthcare/Hospital
  • Charitable organizations
  • Church or religious organization
  • Social / Community service organizations
  • All other segments