NAICS 322 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 972 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 972
Total assets: $61.1B
Total participants: 19,956
Median expense ratio: 0.33%
Median employer contribution per active participant: $1,926
Median account balance: $82,526
3-year asset growth (2022–2024): +24.7%

Expense ratio distribution

25th percentile: 0.12%
Median: 0.33%
75th percentile: 0.63%

Where the fees go (average mix)

Admin / Recordkeeping: 22.7%
Investment Management: 22.8%
Audit: 3.9%
Legal: 0.6%

Employer contribution generosity

Median per active participant: $1,926
Plans with $0 employer match: 193 (19.9%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	947	$49.0B	17,022	0.36%	$1,856
2023	1,032	$59.6B	20,630	0.37%	$1,929
2024	972	$61.1B	19,956	0.33%	$1,926

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 322" includes 972 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/322.