NAICS 485 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,694 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,694
Total assets: $6.7B
Total participants: 495,023
Median expense ratio: 0.40%
Median employer contribution per active participant: $1,011
Median account balance: $12,276
3-year asset growth (2022–2024): +8.0%

Expense ratio distribution

25th percentile: 0.14%
Median: 0.40%
75th percentile: 0.72%

Where the fees go (average mix)

Admin / Recordkeeping: 40.0%
Investment Management: 43.9%
Audit: 8.6%
Legal: 1.8%

Employer contribution generosity

Median per active participant: $1,011
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,458	$6.2B	448,668	0.56%	—
2023	1,581	$7.5B	491,034	0.36%	—
2024	1,694	$6.7B	495,023	0.40%	$1,011

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 485" 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/485.