NAICS 332 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 14,873 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 14,873
Total assets: $124.8B
Total participants: 2,040,304
Median expense ratio: 0.22%
Median employer contribution per active participant: $1,929
Median account balance: $69,038
3-year asset growth (2022–2024): +5.6%

Expense ratio distribution

25th percentile: 0.08%
Median: 0.22%
75th percentile: 0.43%

Where the fees go (average mix)

Admin / Recordkeeping: 35.1%
Investment Management: 51.5%
Audit: 6.3%
Legal: 0.6%

Employer contribution generosity

Median per active participant: $1,929
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	16,163	$118.3B	2,230,228	0.33%	—
2023	15,975	$131.8B	2,213,381	0.22%	—
2024	14,873	$124.8B	2,040,304	0.22%	$1,929

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 332" 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/332.