NAICS 484 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 8,584 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 8,584
Total assets: $255.6B
Total participants: 3,455,788
Median expense ratio: 0.37%
Median employer contribution per active participant: $1,374
Median account balance: $25,102
3-year asset growth (2022–2024): +12.9%

Expense ratio distribution

25th percentile: 0.17%
Median: 0.37%
75th percentile: 0.64%

Where the fees go (average mix)

Admin / Recordkeeping: 37.6%
Investment Management: 47.0%
Audit: 6.9%
Legal: 2.7%

Employer contribution generosity

Median per active participant: $1,374
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	8,483	$226.4B	3,968,670	0.58%	—
2023	9,075	$258.3B	3,827,625	0.36%	—
2024	8,584	$255.6B	3,455,788	0.37%	$1,374

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 484" 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/484.