NAICS 454 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 4,398 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 4,398
Total assets: $32.9B
Total participants: 1,697,820
Median expense ratio: 0.23%
Median employer contribution per active participant: $2,247
Median account balance: $54,691
3-year asset growth (2022–2024): +26.6%

Expense ratio distribution

25th percentile: 0.07%
Median: 0.23%
75th percentile: 0.39%

Where the fees go (average mix)

Admin / Recordkeeping: 31.5%
Investment Management: 59.8%
Audit: 6.4%
Legal: 0.5%

Employer contribution generosity

Median per active participant: $2,247
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	4,342	$26.0B	1,663,885	0.32%	—
2023	4,432	$30.0B	1,715,843	0.22%	—
2024	4,398	$32.9B	1,697,820	0.23%	$2,247

Methodology

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