The participant-weighted participation rate measure considers all employees in Vanguard-administered plans as if they were in a single plan. Plans with less than 250 participants and those with more than 250 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 82%. Ambulatory and health care: Plans with more than 250 participants had a participation rate of 67%. Plans with less than 250 participants had a participation rate of 80%. Both were below the Vanguard benchmark. Legal: Plans with less than 250 participants had a participation rate of 81%, falling below the Vanguard benchmark. Plans with more than 250 participants had a participation rate of 88%, above the Vanguard benchmark.