NAICS 112 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,658 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,658
Total assets: $11.0B
Total participants: 626,635
Median expense ratio: 0.23%
Median employer contribution per active participant: $1,839
Median account balance: $40,214
3-year asset growth (2022–2024): +11.5%

Expense ratio distribution

25th percentile: 0.06%
Median: 0.23%
75th percentile: 0.44%

Where the fees go (average mix)

Admin / Recordkeeping: 41.3%
Investment Management: 46.5%
Audit: 3.6%
Legal: 0.8%

Employer contribution generosity

Median per active participant: $1,839
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,723	$9.8B	579,309	0.36%	—
2023	1,713	$11.0B	599,366	0.28%	—
2024	1,658	$11.0B	626,635	0.23%	$1,839

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 112" is served from the accepted-generation projection 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.