NAICS 316 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 273 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 273
Total assets: $2.1B
Total participants: 4,733
Median expense ratio: 0.47%
Median employer contribution per active participant: $2,023
Median account balance: $64,464
3-year asset growth (2022–2024): +23.0%

Expense ratio distribution

25th percentile: 0.20%
Median: 0.47%
75th percentile: 3.27%

Where the fees go (average mix)

Admin / Recordkeeping: 27.8%
Investment Management: 18.2%
Audit: 2.2%
Legal: 0.7%

Employer contribution generosity

Median per active participant: $2,023
Plans with $0 employer match: 82 (30.0%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	240	$1.7B	4,059	0.48%	$1,857
2023	274	$2.1B	4,971	0.45%	$1,922
2024	273	$2.1B	4,733	0.47%	$2,023

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 316" includes 273 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/316.