NAICS 487 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 164 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 164
Total assets: $748.1M
Total participants: 3,368
Median expense ratio: 0.22%
Median employer contribution per active participant: $1,526
Median account balance: $42,963
3-year asset growth (2022–2024): +28.4%

Expense ratio distribution

25th percentile: 0.08%
Median: 0.22%
75th percentile: 0.42%

Where the fees go (average mix)

Admin / Recordkeeping: 37.1%
Investment Management: 23.4%
Audit: 0.5%
Legal: 0.7%

Employer contribution generosity

Median per active participant: $1,526
Plans with $0 employer match: 42 (25.6%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	140	$582.7M	2,033	0.28%	$1,432
2023	153	$677.3M	2,874	0.29%	$1,388
2024	164	$748.1M	3,368	0.22%	$1,526

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 487" includes 164 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/487.