NAICS 112 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,458 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,458
Total assets: $11.5B
Total participants: 21,279
Median expense ratio: 0.45%
Median employer contribution per active participant: $1,649
Median account balance: $50,429
3-year asset growth (2022–2024): +31.7%

Expense ratio distribution

25th percentile: 0.16%
Median: 0.45%
75th percentile: 0.88%

Where the fees go (average mix)

Admin / Recordkeeping: 30.6%
Investment Management: 17.2%
Audit: 1.1%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $1,649
Plans with $0 employer match: 323 (22.2%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,272	$8.8B	16,520	0.47%	$1,605
2023	1,453	$10.9B	21,554	0.43%	$1,626
2024	1,458	$11.5B	21,279	0.45%	$1,649

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 112" includes 1,458 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/112.