NAICS 446 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 5,705 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 5,705
Total assets: $64.4B
Total participants: 2,249,488
Median expense ratio: 0.24%
Median employer contribution per active participant: $1,855
Median account balance: $48,052
3-year asset growth (2022–2024): +24.2%

Expense ratio distribution

25th percentile: 0.09%
Median: 0.24%
75th percentile: 0.51%

Where the fees go (average mix)

Admin / Recordkeeping: 40.3%
Investment Management: 50.5%
Audit: 4.9%
Legal: 1.4%

Employer contribution generosity

Median per active participant: $1,855
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	5,559	$51.8B	2,243,691	0.49%	—
2023	5,756	$59.7B	2,247,220	0.23%	—
2024	5,705	$64.4B	2,249,488	0.24%	$1,855

Methodology

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