NAICS 322 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,209 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,209
Total assets: $56.4B
Total participants: 709,948
Median expense ratio: 0.19%
Median employer contribution per active participant: $2,059
Median account balance: $76,998
3-year asset growth (2022–2024): +3.8%

Expense ratio distribution

25th percentile: 0.06%
Median: 0.19%
75th percentile: 0.43%

Where the fees go (average mix)

Admin / Recordkeeping: 33.3%
Investment Management: 49.5%
Audit: 8.6%
Legal: 1.5%

Employer contribution generosity

Median per active participant: $2,059
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,435	$54.3B	756,540	0.29%	—
2023	1,364	$60.4B	732,239	0.20%	—
2024	1,209	$56.4B	709,948	0.19%	$2,059

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 322" 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/322.