NAICS 453 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 7,047 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 7,047
Total assets: $26.3B
Total participants: 88,392
Median expense ratio: 0.42%
Median employer contribution per active participant: $1,468
Median account balance: $36,648
3-year asset growth (2022–2024): +36.4%

Expense ratio distribution

25th percentile: 0.14%
Median: 0.42%
75th percentile: 1.07%

Where the fees go (average mix)

Admin / Recordkeeping: 22.1%
Investment Management: 14.0%
Audit: 1.6%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $1,468
Plans with $0 employer match: 2,252 (32.0%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	5,876	$19.3B	67,126	0.46%	$1,551
2023	6,707	$24.0B	82,835	0.40%	$1,501
2024	7,047	$26.3B	88,392	0.42%	$1,468

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 453" includes 7,047 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/453.