NAICS 424 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 13,999 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 13,999
Total assets: $165.1B
Total participants: 2,794,635
Median expense ratio: 0.21%
Median employer contribution per active participant: $2,650
Median account balance: $74,569
3-year asset growth (2022–2024): +14.6%

Expense ratio distribution

25th percentile: 0.07%
Median: 0.21%
75th percentile: 0.40%

Where the fees go (average mix)

Admin / Recordkeeping: 35.8%
Investment Management: 52.4%
Audit: 6.9%
Legal: 1.0%

Employer contribution generosity

Median per active participant: $2,650
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	14,580	$144.1B	2,907,470	0.33%	—
2023	14,726	$164.4B	2,984,060	0.21%	—
2024	13,999	$165.1B	2,794,635	0.21%	$2,650

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 424" 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/424.