NAICS 448 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 3,945 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,945
Total assets: $30.2B
Total participants: 1,993,840
Median expense ratio: 0.17%
Median employer contribution per active participant: $1,793
Median account balance: $37,215
3-year asset growth (2022–2024): +24.3%

Expense ratio distribution

25th percentile: 0.06%
Median: 0.17%
75th percentile: 0.42%

Where the fees go (average mix)

Admin / Recordkeeping: 28.1%
Investment Management: 60.9%
Audit: 5.2%
Legal: 1.4%

Employer contribution generosity

Median per active participant: $1,793
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,726	$24.3B	1,688,631	0.32%	—
2023	3,973	$27.8B	1,920,828	0.20%	—
2024	3,945	$30.2B	1,993,840	0.17%	$1,793

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 448" 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/448.