NAICS 237 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 7,783 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 7,783
Total assets: $118.3B
Total participants: 1,519,730
Median expense ratio: 0.27%
Median employer contribution per active participant: $2,775
Median account balance: $56,182
3-year asset growth (2022–2024): +7.4%

Expense ratio distribution

25th percentile: 0.11%
Median: 0.27%
75th percentile: 0.53%

Where the fees go (average mix)

Admin / Recordkeeping: 40.5%
Investment Management: 43.1%
Audit: 8.3%
Legal: 2.8%

Employer contribution generosity

Median per active participant: $2,775
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	7,702	$110.2B	1,621,623	0.42%	—
2023	7,971	$126.0B	1,723,644	0.31%	—
2024	7,783	$118.3B	1,519,730	0.27%	$2,775

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 237" 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/237.