NAICS 447 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,077 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,077
Total assets: $5.4B
Total participants: 491,516
Median expense ratio: 0.23%
Median employer contribution per active participant: $1,305
Median account balance: $34,016
3-year asset growth (2022–2024): +11.1%

Expense ratio distribution

25th percentile: 0.16%
Median: 0.23%
75th percentile: 0.56%

Where the fees go (average mix)

Admin / Recordkeeping: 46.3%
Investment Management: 48.0%
Audit: 3.3%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $1,305
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,136	$4.9B	493,715	0.45%	—
2023	1,131	$5.6B	512,077	0.28%	—
2024	1,077	$5.4B	491,516	0.23%	$1,305

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 447" 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/447.