NAICS 481 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,055 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,055
Total assets: $261.4B
Total participants: 18,723
Median expense ratio: 0.28%
Median employer contribution per active participant: $2,603
Median account balance: $62,810
3-year asset growth (2022–2024): +61.4%

Expense ratio distribution

25th percentile: 0.08%
Median: 0.28%
75th percentile: 0.59%

Where the fees go (average mix)

Admin / Recordkeeping: 14.6%
Investment Management: 29.9%
Audit: 2.3%
Legal: 0.7%

Employer contribution generosity

Median per active participant: $2,603
Plans with $0 employer match: 219 (20.8%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,001	$162.0B	15,121	0.32%	$2,212
2023	1,063	$234.6B	17,897	0.26%	$2,458
2024	1,055	$261.4B	18,723	0.28%	$2,603

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 481" includes 1,055 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/481.