NAICS 447 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,029 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,029
Total assets: $6.5B
Total participants: 14,920
Median expense ratio: 0.49%
Median employer contribution per active participant: $1,227
Median account balance: $44,639
3-year asset growth (2022–2024): +67.7%

Expense ratio distribution

25th percentile: 0.22%
Median: 0.49%
75th percentile: 0.93%

Where the fees go (average mix)

Admin / Recordkeeping: 32.5%
Investment Management: 15.1%
Audit: 1.6%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $1,227
Plans with $0 employer match: 300 (29.2%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	925	$3.9B	10,895	0.54%	$1,216
2023	1,036	$5.6B	14,487	0.47%	$1,250
2024	1,029	$6.5B	14,920	0.49%	$1,227

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 447" includes 1,029 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/447.