NAICS 332 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 13,524 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 13,524
Total assets: $128.6B
Total participants: 284,943
Median expense ratio: 0.41%
Median employer contribution per active participant: $1,875
Median account balance: $74,895
3-year asset growth (2022–2024): +28.9%

Expense ratio distribution

25th percentile: 0.18%
Median: 0.41%
75th percentile: 1.17%

Where the fees go (average mix)

Admin / Recordkeeping: 22.1%
Investment Management: 21.8%
Audit: 2.6%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $1,875
Plans with $0 employer match: 2,545 (18.8%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	12,381	$99.8B	239,054	0.44%	$1,737
2023	13,755	$121.4B	288,238	0.40%	$1,820
2024	13,524	$128.6B	284,943	0.41%	$1,875

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 332" includes 13,524 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/332-fabricated-metal-product-manufacturing.