NAICS 454 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 4,681 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 4,681
Total assets: $33.1B
Total participants: 63,588
Median expense ratio: 0.35%
Median employer contribution per active participant: $2,078
Median account balance: $49,538
3-year asset growth (2022–2024): +32.0%

Expense ratio distribution

25th percentile: 0.12%
Median: 0.35%
75th percentile: 0.71%

Where the fees go (average mix)

Admin / Recordkeeping: 21.3%
Investment Management: 19.6%
Audit: 1.3%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $2,078
Plans with $0 employer match: 1,462 (31.2%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,839	$25.1B	51,953	0.38%	$2,115
2023	4,266	$30.0B	59,848	0.33%	$2,190
2024	4,681	$33.1B	63,588	0.35%	$2,078

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 454" includes 4,681 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/454.