NAICS 425 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,873 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,873
Total assets: $6.3B
Total participants: 22,564
Median expense ratio: 0.48%
Median employer contribution per active participant: $3,430
Median account balance: $91,785
3-year asset growth (2022–2024): +39.4%

Expense ratio distribution

25th percentile: 0.23%
Median: 0.48%
75th percentile: 2.27%

Where the fees go (average mix)

Admin / Recordkeeping: 25.5%
Investment Management: 19.2%
Audit: 1.5%
Legal: 0.0%

Employer contribution generosity

Median per active participant: $3,430
Plans with $0 employer match: 374 (20.0%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,642	$4.5B	20,061	0.66%	$3,583
2023	1,818	$5.6B	21,994	0.53%	$3,564
2024	1,873	$6.3B	22,564	0.48%	$3,430

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 425" includes 1,873 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/425.