NAICS 445 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 6,112 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 6,112
Total assets: $174.0B
Total participants: 90,514
Median expense ratio: 0.49%
Median employer contribution per active participant: $923
Median account balance: $30,427
3-year asset growth (2022–2024): +64.6%

Expense ratio distribution

25th percentile: 0.15%
Median: 0.49%
75th percentile: 1.04%

Where the fees go (average mix)

Admin / Recordkeeping: 26.5%
Investment Management: 16.7%
Audit: 1.5%
Legal: 0.5%

Employer contribution generosity

Median per active participant: $923
Plans with $0 employer match: 2,083 (34.1%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	5,332	$105.7B	64,276	0.55%	$935
2023	5,967	$158.6B	84,902	0.46%	$943
2024	6,112	$174.0B	90,514	0.49%	$923

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 445" includes 6,112 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/445.