NAICS 488 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 5,703 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 5,703
Total assets: $37.1B
Total participants: 1,409,175
Median expense ratio: 0.24%
Median employer contribution per active participant: $2,032
Median account balance: $34,250
3-year asset growth (2022–2024): -19.3%

Expense ratio distribution

25th percentile: 0.06%
Median: 0.24%
75th percentile: 0.49%

Where the fees go (average mix)

Admin / Recordkeeping: 37.0%
Investment Management: 50.7%
Audit: 7.0%
Legal: 2.0%

Employer contribution generosity

Median per active participant: $2,032
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	5,273	$46.0B	1,619,538	0.45%	—
2023	5,753	$53.6B	1,601,762	0.25%	—
2024	5,703	$37.1B	1,409,175	0.24%	$2,032

Methodology

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