NAICS 448 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 3,878 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,878
Total assets: $30.3B
Total participants: 51,259
Median expense ratio: 0.36%
Median employer contribution per active participant: $1,730
Median account balance: $42,350
3-year asset growth (2022–2024): +34.6%

Expense ratio distribution

25th percentile: 0.12%
Median: 0.36%
75th percentile: 1.25%

Where the fees go (average mix)

Admin / Recordkeeping: 20.3%
Investment Management: 19.1%
Audit: 1.1%
Legal: 0.4%

Employer contribution generosity

Median per active participant: $1,730
Plans with $0 employer match: 1,018 (26.3%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,310	$22.5B	37,691	0.36%	$1,692
2023	3,819	$27.6B	47,312	0.35%	$1,732
2024	3,878	$30.3B	51,259	0.36%	$1,730

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 448" includes 3,878 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/448.