State retirement profile · Form 5500
According to DOL Form 5500 filings (plan year 2024), employer-sponsored 401(k), pension, and other retirement plans headquartered in Montana report the totals below.
Data updated 2026-08-25
$10.3B across 404 plans
According to DOL Form 5500 filings (plan year 2024), Montana has 404 employer-sponsored retirement plans holding $10.3B in total assets for 109,589 participants, ranking 50th nationally by plan assets, with 69% structured as 401(k)s and an average of $26M per plan.
The state in one line
Montana hosts 404 employer-sponsored retirement plans holding $10.3B for 109,589 participants, the 50th-largest state by plan assets.
Montana: 404 employer-sponsored plans (279 401(k)), $10.3B aggregate assets, 109,589 participants. Average plan: $26M; largest is D.a. Davidson Companies Retirement Savings and Profit Sharing Plan at $623M. Leading sector by assets: Healthcare & Social Assistance (26%). These figures aggregate the 404 Form 5500 filings Montana sponsors submitted for plan year 2024, counted by sponsor headquarters rather than participant residence; a plan administered in Montana can cover workers across several states, and the methodology page details that HQ-vs-residence distinction. DOL Form 5500 methodology + HQ-vs-residence caveats →
Among plans headquartered here, Healthcare & Social Assistance accounts for $2.7B across 69 filings, ahead of Finance & Insurance at $2.2B. Sector mix is a Form 5500-derived signal: it reflects where sponsors file from, not where every participant lives.
DOL Form 5500 plan year 2024
Employee Stock Ownership Plans here hold $1.2B. ESOP density is uneven across states; when the count clears a meaningful floor, the ESOP ranking and industry pages are the better drill-downs than a 401(k)-only read.
DOL Form 5500 plan year 2024
Montana is a smaller Form 5500 host by plan assets (#50 of 56). A single large sponsor can move the state total; read the largest-plan share before treating the average as typical.
DOL Form 5500 plan year 2024
Montana's place in the national asset distribution
All states with reported Form 5500 plan assets · plan year 2024
$10,331,682,189 13th percentile higher than 13% of 56 states with reported plan assets
Dashed line + filled bar = this entry, among states with reported plan assets.
Source U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024
Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024.
Top sectors by Form 5500 plan assets for sponsors headquartered here (plan year 2024).
| Industry | Plans | Assets |
|---|---|---|
| Healthcare & Social Assistance | 69 | $2.7B |
| Finance & Insurance | 30 | $2.2B |
| Professional & Technical Services | 59 | $1.3B |
| Utilities | 8 | $960M |
| Construction | 37 | $701M |
States ranked adjacent to Montana by total retirement plan assets.
Two DOL Form 5500-derived peer sets for Montana, each a different nationwide metric so the neighborhoods are not geographic containment (the asset-ranked nearby list above stays regional).
Nearest other states by reported employer plan filings (404 here).
Nearest other states by aggregate plan assets ($10.3B here).
Industry-mix reading
Ways to act on Montana's numbers.
Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset. Shows the top 25 plans by total assets headquartered in Montana, out of 130,145 ERISA-covered plans nationally. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - state is the plan sponsor's headquarters state as recorded on the Form 5500 filing.
Read our methodology - how this data is sourced, computed, and verified.