NAICS 314 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 463 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 463
Total assets: $9.5B
Total participants: 8,928
Median expense ratio: 0.31%
Median employer contribution per active participant: $1,658
Median account balance: $58,909
3-year asset growth (2022–2024): +20.4%

Expense ratio distribution

25th percentile: 0.14%
Median: 0.31%
75th percentile: 0.66%

Where the fees go (average mix)

Admin / Recordkeeping: 22.3%
Investment Management: 19.7%
Audit: 2.2%
Legal: 0.3%

Employer contribution generosity

Median per active participant: $1,658
Plans with $0 employer match: 106 (22.9%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	437	$7.9B	6,731	0.42%	$1,563
2023	474	$8.8B	8,974	0.36%	$1,605
2024	463	$9.5B	8,928	0.31%	$1,658

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 314" includes 463 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/314.