The chart shows the median employer matching contribution rates for defined contribution plans in each industry sector, categorized by plan size for 2023. The plan sizes shown are: all, 250, 500, and 1,000 participants. The x-axis shows the median employer matching contribution rate, and the y-axis shows the sector. Within each sector, plans of different sizes are compared with a Vanguard benchmark of 4%.
Ambulatory and health care: Plans with less than 250 participants had a median employer matching contribution rate of 4%. Plans with more than 250 participants had a median employer matching contribution rate of 4%. Both were the same as the Vanguard benchmark.
Architecture & engineering: Plans with less than 500 participants had a median employer matching contribution rate of 3.8%. Plans with more than 500 participants had a median employer matching contribution rate of 3%. Both falling below the Vanguard benchmark.
Construction: Plans with less than 500 participants had a median employer matching contribution rate of 4%, the same as the Vanguard benchmark. Plans with more than 500 participants had a median employer matching contribution rate of 3%, falling below the Vanguard benchmark.
Finance: Plans with less than 500 participants had a median employer matching contribution rate of 4%. Plans with more than 500 participants had a median employer matching contribution rate of 4%. Both were the same as the Vanguard benchmark.
Information: Plans with less than 1,000 participants had a median employer matching contribution rate of 4%, the same as the Vanguard benchmark. Plans with more than 1,000 participants had a median employer matching contribution rate of 3.2%, falling below the Vanguard benchmark.
Insurance: Plans with less than 1,000 participants had a median employer matching contribution rate of 4%. Plans with more than 1,000 participants had a median employer matching contribution rate of 4%. Both were the same as the Vanguard benchmark.
Legal: Plans with less than 250 participants had a median employer matching contribution rate of 4%, the same as the Vanguard benchmark. Plans with more than 250 participants had a median employer matching contribution rate of 2.8%, falling below the Vanguard benchmark.
Manufacturing: Plans with less than 1,000 participants had a median employer matching contribution rate of 4%. Plans with more than 1,000 participants had a median employer matching contribution rate of 4%. Both were the same as the Vanguard benchmark.
Mining, quarrying, oil & gas: Plans with less than 1,000 participants had a median employer matching contribution rate of 6%. Plans with more than 1,000 participants had a median employer matching contribution rate of 6%. Both were above the Vanguard benchmark.
Professional, scientific & tech.: Plans with less than 500 participants had a median employer matching contribution rate of 3.7%. Plans with more than 500 participants had a median employer matching contribution rate of 3%. Both falling below the Vanguard benchmark.
Retail trade: Plans with less than 1,000 participants had a median employer matching contribution rate of 3.5%, falling below the Vanguard benchmark. Plans with more than 1,000 participants had a median employer matching contribution rate of 4%, the same as the Vanguard benchmark.
Technology: Plans with less than 1,000 participants had a median employer matching contribution rate of 4%. Plans with more than 1,000 participants had a median employer matching contribution rate of 4%. Both were the same as the Vanguard benchmark.
Transportation & warehousing: Plans with less than 1,000 participants had a median employer matching contribution rate of 6%, above the Vanguard benchmark. Plans with more than 1,000 participants had a median employer matching contribution rate of 3.8%, falling below the Vanguard benchmark.
Unions: Plans with less than 500 participants had a median employer matching contribution rate of 3%. Plans with more than 500 participants had a median employer matching contribution rate of 3%. Both falling bellow the Vanguard benchmark.
Utilities: Plans with less than 1,000 participants had a median employer matching contribution rate of 5%, above the Vanguard benchmark. Plans with more than 1,000 participants had a median employer matching contribution rate of 4%, the same as the Vanguard benchmark.
Wholesale trade: Plans with less than 500 participants had a median employer matching contribution rate of 4%, the same as the Vanguard benchmark. Plans with more than 500 participants had a median employer matching contribution rate of 3.8%, falling below the Vanguard benchmark.