NAICS 113 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 535 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 535
Total assets: $2.3B
Total participants: 42,574
Median expense ratio: 0.30%
Median employer contribution per active participant: $1,905
Median account balance: $56,248
3-year asset growth (2022–2024): +10.5%

Expense ratio distribution

25th percentile: 0.16%
Median: 0.30%
75th percentile: 0.52%

Where the fees go (average mix)

Admin / Recordkeeping: 42.2%
Investment Management: 44.9%
Audit: 6.0%
Legal: 2.5%

Employer contribution generosity

Median per active participant: $1,905
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	555	$2.1B	40,710	0.44%	—
2023	561	$2.2B	44,898	0.43%	—
2024	535	$2.3B	42,574	0.30%	$1,905

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 113" 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/113.