SURVEY |

2025
PLANSPONSOR 403(b) Market Survey

Reported by PLANSPONSOR
PS-403b-Survey-2174378701
Industry Snapshot
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Industry Snapshot

Defined Contribution Assets, by Plan Type($B)

Single-employer 401(k)
$8,467.2B
Pooled employer or multiple employer 401(k)
$106.3B
Single-employer 403(b)
$1,511.7B
Pooled employer or multiple employer 403(b)
$14.1B
457 – 457(b) / 457(f)
$617.5B
Money purchase / Profit-sharing
$356.3B
ESOP / KSOP*
$235.4B
NQDC†, excluding 457s
$166.8B
State-sponsored‡
$23.8B
SEP / SIMPLE IRA§
$26.0B
Any other defined contribution plan type
$1,263.6B
*A qualified retirement plan combining an employee stock ownership plan with a 401(k)
†Nonqualified deferred compensation
‡State-sponsored individual retirement plans—e.g., Secure Choice
§Simple employer pension / Savings incentive match plan for employees individual retirement account

403(b) Assets, by Plan Size

  • ≤25 participants 3%
  • 26 – 100 participants 5%
  • 101 – 500 participants 11%
  • 501 – 1,000 participants 6%
  • 1,001 – 5,000 participants 20%
  • >5,000 participants 55%

403(b) Plans, by Plan Type

  • ERISA 23%
  • Non-ERISA 77%

403(b) Participants, by Industry

  • K-12 schools 15%
  • Higher education 30%
  • Health care / Hospitals 40%
  • Church or religious organizations 3%
  • Community service organizations 1%
  • Charitable organizations 2%
  • All other 403(b) segments 9%