NAICS 425 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,866 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,866
Total assets: $6.1B
Total participants: 115,497
Median expense ratio: 0.27%
Median employer contribution per active participant: $3,503
Median account balance: $91,967
3-year asset growth (2022–2024): +34.0%

Expense ratio distribution

25th percentile: 0.08%
Median: 0.27%
75th percentile: 0.41%

Where the fees go (average mix)

Admin / Recordkeeping: 34.6%
Investment Management: 56.7%
Audit: 6.1%
Legal: 0.0%

Employer contribution generosity

Median per active participant: $3,503
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,743	$4.5B	86,284	0.43%	—
2023	1,840	$5.6B	94,220	0.26%	—
2024	1,866	$6.1B	115,497	0.27%	$3,503

Methodology

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