NAICS 488 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 5,460 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 5,460
Total assets: $52.2B
Total participants: 91,882
Median expense ratio: 0.46%
Median employer contribution per active participant: $1,931
Median account balance: $37,362
3-year asset growth (2022–2024): +89.1%

Expense ratio distribution

25th percentile: 0.19%
Median: 0.46%
75th percentile: 1.08%

Where the fees go (average mix)

Admin / Recordkeeping: 23.6%
Investment Management: 127.9%
Audit: 2.0%
Legal: 0.5%

Employer contribution generosity

Median per active participant: $1,931
Plans with $0 employer match: 1,292 (23.7%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	4,695	$27.6B	68,270	0.46%	$1,844
2023	5,286	$46.8B	88,648	0.43%	$1,873
2024	5,460	$52.2B	91,882	0.46%	$1,931

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 488" includes 5,460 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/488.