NAICS 487 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 166 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 166
Total assets: $749.3M
Total participants: 3,405
Median expense ratio: 0.22%
Median employer contribution per active participant: $1,417
Median account balance: $42,059
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: $1,417
Plans with $0 employer match: 43 (25.9%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	142	$583.5M	2,307	0.28%	$1,435
2023	155	$678.3M	2,905	0.29%	$1,397
2024	166	$749.3M	3,405	0.22%	$1,417

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 487" includes 166 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.