NAICS 442 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 3,650 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,650
Total assets: $13.2B
Total participants: 394,551
Median expense ratio: 0.23%
Median employer contribution per active participant: $1,949
Median account balance: $54,259
3-year asset growth (2022–2024): +17.8%

Expense ratio distribution

25th percentile: 0.10%
Median: 0.23%
75th percentile: 0.41%

Where the fees go (average mix)

Admin / Recordkeeping: 32.9%
Investment Management: 58.4%
Audit: 6.3%
Legal: 0.3%

Employer contribution generosity

Median per active participant: $1,949
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,701	$11.2B	451,872	0.39%	—
2023	3,784	$12.1B	379,361	0.24%	—
2024	3,650	$13.2B	394,551	0.23%	$1,949

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 442" 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/442.