NAICS 213 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 950 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 950
Total assets: $12.4B
Total participants: 18,139
Median expense ratio: 0.47%
Median employer contribution per active participant: $2,554
Median account balance: $55,892
3-year asset growth (2022–2024): +31.3%

Expense ratio distribution

25th percentile: 0.17%
Median: 0.47%
75th percentile: 1.26%

Where the fees go (average mix)

Admin / Recordkeeping: 23.4%
Investment Management: 18.4%
Audit: 0.9%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $2,554
Plans with $0 employer match: 163 (17.2%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	899	$9.4B	14,718	0.49%	$2,257
2023	955	$11.6B	17,686	0.44%	$2,334
2024	950	$12.4B	18,139	0.47%	$2,554

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 213" includes 950 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/213.