NAICS 444 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 4,698 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 4,698
Total assets: $40.2B
Total participants: 1,957,280
Median expense ratio: 0.27%
Median employer contribution per active participant: $1,870
Median account balance: $56,278
3-year asset growth (2022–2024): +21.7%

Expense ratio distribution

25th percentile: 0.08%
Median: 0.27%
75th percentile: 0.47%

Where the fees go (average mix)

Admin / Recordkeeping: 44.8%
Investment Management: 47.2%
Audit: 5.3%
Legal: 0.6%

Employer contribution generosity

Median per active participant: $1,870
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	4,867	$33.0B	2,055,372	0.41%	—
2023	4,936	$38.0B	1,988,104	0.24%	—
2024	4,698	$40.2B	1,957,280	0.27%	$1,870

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 444" 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/444.