NAICS 324 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 971 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 971
Total assets: $157.5B
Total participants: 16,619
Median expense ratio: 0.29%
Median employer contribution per active participant: $2,699
Median account balance: $65,914
3-year asset growth (2022–2024): +9.9%

Expense ratio distribution

25th percentile: 0.08%
Median: 0.29%
75th percentile: 0.71%

Where the fees go (average mix)

Admin / Recordkeeping: 15.1%
Investment Management: 23.5%
Audit: 2.4%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $2,699
Plans with $0 employer match: 191 (19.7%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	889	$143.3B	13,989	0.33%	$2,624
2023	971	$154.7B	16,570	0.25%	$2,527
2024	971	$157.5B	16,619	0.29%	$2,699

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 324" includes 971 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/324.