NAICS 212 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,006 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,006
Total assets: $39.5B
Total participants: 17,583
Median expense ratio: 0.33%
Median employer contribution per active participant: $2,835
Median account balance: $78,991
3-year asset growth (2022–2024): +39.8%

Expense ratio distribution

25th percentile: 0.11%
Median: 0.33%
75th percentile: 0.81%

Where the fees go (average mix)

Admin / Recordkeeping: 19.0%
Investment Management: 22.9%
Audit: 3.6%
Legal: 0.4%

Employer contribution generosity

Median per active participant: $2,835
Plans with $0 employer match: 158 (15.7%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	949	$28.3B	15,525	0.37%	$2,426
2023	1,009	$36.6B	17,504	0.34%	$2,686
2024	1,006	$39.5B	17,583	0.33%	$2,835

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 212" includes 1,006 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/212.