The plan-weighted participation rate measure calculates the average of rates among a group of plans. Plans with less than 1,000 participants and those with more than 1,000 participants are each included in this view. The chart shows participation rates for defined contribution plans in the industry sector, categorized by plan type and size for 2023. The x-axis shows the participation rate, and the y-axis shows the sector. Within each sector, plans of different sizes are compared with a Vanguard benchmark of 85%. Information: Plans with less than 1,000 participants had a participation rate of 84%, falling below the Vanguard benchmark. Plans with more than 1,000 participants had a participation rate of 85%, matching the Vanguard benchmark. Insurance: Plans with less than 1,000 participants had a participation rate of 94%. Plans with more than 1,000 participants also had a participation rate of 94%. Both were above the Vanguard benchmark. Manufacturing: Plans with less than 1,000 participants had a participation rate of 81%, falling below the Vanguard benchmark. Plans with more than 1,000 participants had a participation rate of 90%, above the Vanguard benchmark. Mining, quarrying, oil & gas: Plans with less than 1,000 participants had a participation rate of 85%, matching the Vanguard benchmark. Plans with more than 1,000 participants had a participation rate of 95%, above the Vanguard benchmark. Retail trade: Plans with more than 1,000 participants had a participation rate of 70%. Plans with less than 1,000 participants had a participation rate of 78%. Both were below the Vanguard benchmark. Technology: Plans with less than 1,000 participants had a participation rate of 89%. Plans with more than 1,000 participants had a participation rate of 90%. Both were above the Vanguard benchmark. Transportation & warehousing: Plans with less than 1,000 participants had a participation rate of 80%. Plans with more than 1,000 participants had a participation rate of 81%. Both were below the Vanguard benchmark. Utilities: Plans with more than 1,000 participants had a participation rate of 93%. Plans with less than 1,000 participants had a participation rate of 94%. Both were above the Vanguard benchmark.