NAICS 212 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,320 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,320
Total assets: $39.8B
Total participants: 478,364
Median expense ratio: 0.20%
Median employer contribution per active participant: $2,936
Median account balance: $76,662
3-year asset growth (2022–2024): +14.1%

Expense ratio distribution

25th percentile: 0.06%
Median: 0.20%
75th percentile: 0.47%

Where the fees go (average mix)

Admin / Recordkeeping: 32.2%
Investment Management: 46.4%
Audit: 9.4%
Legal: 1.0%

Employer contribution generosity

Median per active participant: $2,936
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,364	$34.8B	480,512	0.35%	—
2023	1,372	$42.2B	491,158	0.24%	—
2024	1,320	$39.8B	478,364	0.20%	$2,936

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 212" 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/212.