NAICS 115 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 2,546 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,546
Total assets: $14.4B
Total participants: 220,166
Median expense ratio: 0.16%
Median employer contribution per active participant: $2,496
Median account balance: $64,287
3-year asset growth (2022–2024): +16.5%

Expense ratio distribution

25th percentile: 0.10%
Median: 0.16%
75th percentile: 0.34%

Where the fees go (average mix)

Admin / Recordkeeping: 42.0%
Investment Management: 44.9%
Audit: 3.9%
Legal: 0.5%

Employer contribution generosity

Median per active participant: $2,496
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,630	$12.4B	232,417	0.23%	—
2023	2,655	$13.8B	231,171	0.14%	—
2024	2,546	$14.4B	220,166	0.16%	$2,496

Methodology

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