NAICS 115 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 2,425 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,425
Total assets: $15.0B
Total participants: 43,192
Median expense ratio: 0.31%
Median employer contribution per active participant: $2,325
Median account balance: $66,704
3-year asset growth (2022–2024): +45.5%

Expense ratio distribution

25th percentile: 0.16%
Median: 0.31%
75th percentile: 0.62%

Where the fees go (average mix)

Admin / Recordkeeping: 24.2%
Investment Management: 22.8%
Audit: 1.3%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $2,325
Plans with $0 employer match: 438 (18.1%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,965	$10.3B	31,416	0.34%	$2,204
2023	2,381	$13.7B	41,384	0.33%	$2,332
2024	2,425	$15.0B	43,192	0.31%	$2,325

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 115" includes 2,425 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/115.