NAICS 237 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 6,889 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 6,889
Total assets: $129.9B
Total participants: 144,465
Median expense ratio: 0.43%
Median employer contribution per active participant: $2,561
Median account balance: $67,642
3-year asset growth (2022–2024): +80.5%

Expense ratio distribution

25th percentile: 0.19%
Median: 0.43%
75th percentile: 0.92%

Where the fees go (average mix)

Admin / Recordkeeping: 25.6%
Investment Management: 21.1%
Audit: 2.4%
Legal: 0.7%

Employer contribution generosity

Median per active participant: $2,561
Plans with $0 employer match: 1,172 (17.0%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	5,953	$72.0B	110,379	0.46%	$2,339
2023	6,738	$116.3B	137,851	0.42%	$2,475
2024	6,889	$129.9B	144,465	0.43%	$2,561

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 237" includes 6,889 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/237.