NAICS 446 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 5,630 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 5,630
Total assets: $64.8B
Total participants: 77,671
Median expense ratio: 0.47%
Median employer contribution per active participant: $1,788
Median account balance: $52,007
3-year asset growth (2022–2024): +26.6%

Expense ratio distribution

25th percentile: 0.18%
Median: 0.47%
75th percentile: 1.22%

Where the fees go (average mix)

Admin / Recordkeeping: 24.1%
Investment Management: 15.8%
Audit: 1.1%
Legal: 0.4%

Employer contribution generosity

Median per active participant: $1,788
Plans with $0 employer match: 1,336 (23.7%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	5,095	$51.2B	64,719	0.49%	$1,826
2023	5,604	$59.8B	73,496	0.47%	$1,794
2024	5,630	$64.8B	77,671	0.47%	$1,788

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 446" includes 5,630 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/446.