NAICS 323 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 4,176 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 4,176
Total assets: $28.9B
Total participants: 454,963
Median expense ratio: 0.23%
Median employer contribution per active participant: $1,623
Median account balance: $62,835
3-year asset growth (2022–2024): +8.6%

Expense ratio distribution

25th percentile: 0.09%
Median: 0.23%
75th percentile: 0.41%

Where the fees go (average mix)

Admin / Recordkeeping: 35.8%
Investment Management: 50.7%
Audit: 7.6%
Legal: 1.1%

Employer contribution generosity

Median per active participant: $1,623
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	4,457	$26.6B	506,552	0.33%	—
2023	4,403	$27.7B	482,755	0.23%	—
2024	4,176	$28.9B	454,963	0.23%	$1,623

Methodology

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