NAICS 111 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 5,349 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 5,349
Total assets: $15.4B
Total participants: 83,214
Median expense ratio: 0.49%
Median employer contribution per active participant: $1,927
Median account balance: $63,964
3-year asset growth (2022–2024): +46.3%

Expense ratio distribution

25th percentile: 0.26%
Median: 0.49%
75th percentile: 1.02%

Where the fees go (average mix)

Admin / Recordkeeping: 29.1%
Investment Management: 16.9%
Audit: 1.9%
Legal: 0.0%

Employer contribution generosity

Median per active participant: $1,927
Plans with $0 employer match: 1,163 (21.7%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	4,752	$10.5B	66,304	0.54%	$1,851
2023	5,298	$14.0B	80,838	0.50%	$1,981
2024	5,349	$15.4B	83,214	0.49%	$1,927

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 111" includes 5,349 plans for plan year 2024. Medians use percentile_cont over reported values; zero/null values are excluded from rate-style metrics.

Citation: PlanProvider.Pro, Form 5500 Benchmarks 2024. Free for editorial use with attribution + link to https://planprovider.pro/benchmarks/industry/111.