NAICS 114 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 219 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 219
Total assets: $598.1M
Total participants: 10,375
Median expense ratio: 0.17%
Median employer contribution per active participant: $2,166
Median account balance: $40,493
3-year asset growth (2022–2024): +16.0%

Expense ratio distribution

25th percentile: 0.08%
Median: 0.17%
75th percentile: 0.33%

Where the fees go (average mix)

Admin / Recordkeeping: 26.3%
Investment Management: 49.9%
Audit: 11.2%
Legal: 4.6%

Employer contribution generosity

Median per active participant: $2,166
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	231	$515.7M	10,606	0.29%	—
2023	233	$549.4M	11,094	0.10%	—
2024	219	$598.1M	10,375	0.17%	$2,166

Methodology

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