NAICS 311 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 6,045 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 6,045
Total assets: $164.9B
Total participants: 2,808,426
Median expense ratio: 0.22%
Median employer contribution per active participant: $1,721
Median account balance: $39,112
3-year asset growth (2022–2024): +10.6%

Expense ratio distribution

25th percentile: 0.07%
Median: 0.22%
75th percentile: 0.47%

Where the fees go (average mix)

Admin / Recordkeeping: 37.0%
Investment Management: 51.1%
Audit: 4.9%
Legal: 1.4%

Employer contribution generosity

Median per active participant: $1,721
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	6,244	$149.1B	2,760,345	0.37%	—
2023	6,408	$166.9B	2,862,961	0.22%	—
2024	6,045	$164.9B	2,808,426	0.22%	$1,721

Methodology

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