Financial Advisors, CPAs, and Lawyers top this year's Best 401(k) List

NEW YORK, May 29, 2025 /PRNewswire/ -- Judy Diamond Associates, a part of Touchpoint Markets, has published the results of its ninth annual 401(k) Plan Benchmark Report. This report provides an in-depth look at 27 different industries, examining over 640,000 active 401(k) plans from the most recently disclosed plan year to create this unique and comprehensive look at America's primary retirement vehicle.

The complete 401(k) Plan Benchmark Report, sponsored by Mutual of America Financial Group, can be downloaded at judydiamond.com.

Year over year, total 401(k) assets increased by $1.6 trillion dollars to $8.0 trillion, driven by solid market returns. Over 70,000 new 401(k) plans were created during the plan year, the largest number of new plans in at least 10 years.

"The 2023 plan year was really a home run for 401(k) plans," says study author Eric Ryles, Vice President of Customer Solutions at Judy Diamond Associates. "We saw huge numbers of new plans, and the number of people eligible to participate in a 401(k) rose by more than 6 million. More people saving in a 401(k) means more successful retirement outcomes."

"Mutual of America is committed to advancing financial education and promoting the importance of building and preserving assets for a successful retirement," said Chris Conway, Executive Vice President and Chief Revenue Officer at Mutual of America Financial Group. "This report, with its focus on fundamental participation trends and benchmarks for retirement plans across various industries, offers valuable insights for businesses seeking to provide an effective plan that helps their employees save and build a strong foundation for a sound retirement outcome."

About Touchpoint Markets

Touchpoint Markets is a trusted source of intelligence, connection, and opportunity for today's leading professional communities. We are committed to engaging and supporting professionals across key industries—including Wealth Management, Insurance, Commercial Real Estate, Credit Unions, Consulting, and Corporate Treasury. Our ecosystem is built on expert journalism, immersive experiences, and innovative digital platforms that deliver essential insights and drive real engagement. We connect industry decision-makers with the information, solutions, and relationships they need to lead in a rapidly evolving marketplace. To learn more, visit TouchpointMarkets.com.

About Judy Diamond Associates

Judy Diamond Associates is the premier provider of sales, prospecting, and plan analysis tools for the benefits brokers, financial advisors, plan providers, and carriers serving the employee benefits and retirement markets. Visit judydiamond.com for more information.

About Mutual of America Financial Group

Mutual of America Financial Group is a leading provider of retirement products, services and investments to employers, employees and individuals. We deliver high-quality, innovative products and customized services at a competitive price, along with outstanding service and personalized financial education, to help customers build and preserve assets for a financially secure future. Our mission is built upon our values—integrity, discipline, reliability, excellence and social responsibility—which have guided us since 1945 and continue to serve us and our customers well. Mutual of America Financial Group is the trade name used by Mutual of America Life Insurance Company and its affiliates. For more information, visit mutualofamerica.com, and connect with us via Facebook, Twitter and LinkedIn.

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SOURCE Touchpoint Markets