NAICS 424 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 13,012 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 13,012
Total assets: $168.1B
Total participants: 226,553
Median expense ratio: 0.38%
Median employer contribution per active participant: $2,547
Median account balance: $78,120
3-year asset growth (2022–2024): +46.3%

Expense ratio distribution

25th percentile: 0.15%
Median: 0.38%
75th percentile: 0.91%

Where the fees go (average mix)

Admin / Recordkeeping: 23.4%
Investment Management: 20.8%
Audit: 3.2%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $2,547
Plans with $0 employer match: 2,674 (20.6%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	11,975	$114.9B	189,988	0.41%	$2,398
2023	13,239	$155.1B	225,213	0.37%	$2,509
2024	13,012	$168.1B	226,553	0.38%	$2,547

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 424" includes 13,012 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/424.