NAICS 485 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,751 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,751
Total assets: $7.5B
Total participants: 30,931
Median expense ratio: 0.52%
Median employer contribution per active participant: $929
Median account balance: $15,784
3-year asset growth (2022–2024): +49.0%

Expense ratio distribution

25th percentile: 0.20%
Median: 0.52%
75th percentile: 1.27%

Where the fees go (average mix)

Admin / Recordkeeping: 24.7%
Investment Management: 21.0%
Audit: 2.7%
Legal: 0.6%

Employer contribution generosity

Median per active participant: $929
Plans with $0 employer match: 543 (31.0%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,225	$5.0B	16,833	0.56%	$865
2023	1,547	$7.0B	26,030	0.51%	$840
2024	1,751	$7.5B	30,931	0.52%	$929

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 485" includes 1,751 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/485.