NAICS 323 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 3,980 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,980
Total assets: $30.2B
Total participants: 66,724
Median expense ratio: 0.45%
Median employer contribution per active participant: $1,558
Median account balance: $70,859
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: $1,558
Plans with $0 employer match: 1,145 (28.8%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,757	$22.5B	57,503	0.43%	$1,461
2023	4,060	$28.4B	67,400	0.44%	$1,519
2024	3,980	$30.2B	66,724	0.45%	$1,558

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 323" includes 3,980 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.