NAICS 312 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 2,101 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,101
Total assets: $70.7B
Total participants: 36,666
Median expense ratio: 0.35%
Median employer contribution per active participant: $1,600
Median account balance: $32,468
3-year asset growth (2022–2024): +11.8%

Expense ratio distribution

25th percentile: 0.11%
Median: 0.35%
75th percentile: 0.82%

Where the fees go (average mix)

Admin / Recordkeeping: 19.8%
Investment Management: 18.2%
Audit: 2.9%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $1,600
Plans with $0 employer match: 637 (30.3%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,887	$63.2B	28,311	0.38%	$1,625
2023	2,050	$68.7B	34,690	0.34%	$1,566
2024	2,101	$70.7B	36,666	0.35%	$1,600

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 312" includes 2,101 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/312.