NAICS 323 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 3,983 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,983
Total assets: $30.2B
Total participants: 66,784
Median expense ratio: 0.45%
Median employer contribution per active participant: $1,557
Median account balance: $70,844
3-year asset growth (2022–2024): +34.5%

Expense ratio distribution

25th percentile: 0.18%
Median: 0.45%
75th percentile: 2.06%

Where the fees go (average mix)

Admin / Recordkeeping: 20.4%
Investment Management: 17.0%
Audit: 3.1%
Legal: 0.3%

Employer contribution generosity

Median per active participant: $1,557
Plans with $0 employer match: 1,147 (28.8%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,761	$22.5B	57,552	0.43%	$1,460
2023	4,063	$28.4B	67,478	0.44%	$1,517
2024	3,983	$30.2B	66,784	0.45%	$1,557

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 323" includes 3,983 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/323.