NAICS 311 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 5,186 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 5,186
Total assets: $176.0B
Total participants: 93,547
Median expense ratio: 0.34%
Median employer contribution per active participant: $1,657
Median account balance: $46,840
3-year asset growth (2022–2024): +32.6%

Expense ratio distribution

25th percentile: 0.14%
Median: 0.34%
75th percentile: 0.71%

Where the fees go (average mix)

Admin / Recordkeeping: 25.0%
Investment Management: 22.3%
Audit: 1.7%
Legal: 0.6%

Employer contribution generosity

Median per active participant: $1,657
Plans with $0 employer match: 1,291 (24.9%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	4,578	$132.7B	67,256	0.37%	$1,587
2023	5,174	$162.6B	90,024	0.32%	$1,631
2024	5,186	$176.0B	93,547	0.34%	$1,657

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 311" includes 5,186 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/311.