NAICS 443 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,307 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,307
Total assets: $8.5B
Total participants: 18,723
Median expense ratio: 0.51%
Median employer contribution per active participant: $1,875
Median account balance: $50,224
3-year asset growth (2022–2024): +31.6%

Expense ratio distribution

25th percentile: 0.21%
Median: 0.51%
75th percentile: 1.58%

Where the fees go (average mix)

Admin / Recordkeeping: 24.2%
Investment Management: 22.3%
Audit: 1.5%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $1,875
Plans with $0 employer match: 275 (21.0%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,185	$6.5B	16,618	0.66%	$1,766
2023	1,319	$7.7B	18,561	0.52%	$1,831
2024	1,307	$8.5B	18,723	0.51%	$1,875

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 443" includes 1,307 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/443.