NAICS 114 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 214 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 214
Total assets: $610.5M
Total participants: 2,861
Median expense ratio: 0.38%
Median employer contribution per active participant: $2,105
Median account balance: $53,078
3-year asset growth (2022–2024): +43.4%

Expense ratio distribution

25th percentile: 0.25%
Median: 0.38%
75th percentile: 2.55%

Where the fees go (average mix)

Admin / Recordkeeping: 20.1%
Investment Management: 13.3%
Audit: 4.2%
Legal: 0.9%

Employer contribution generosity

Median per active participant: $2,105
Plans with $0 employer match: 54 (25.2%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	202	$425.7M	2,090	0.38%	$1,899
2023	222	$556.4M	2,918	0.34%	$1,939
2024	214	$610.5M	2,861	0.38%	$2,105

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 114" includes 214 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/114.