NAICS 492 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,959 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,959
Total assets: $1.9B
Total participants: 69,786
Median expense ratio: 0.36%
Median employer contribution per active participant: $608
Median account balance: $4,772
3-year asset growth (2022–2024): +69.6%

Expense ratio distribution

25th percentile: 0.17%
Median: 0.36%
75th percentile: 0.44%

Where the fees go (average mix)

Admin / Recordkeeping: 7.5%
Investment Management: 53.5%
Audit: 0.3%
Legal: 0.0%

Employer contribution generosity

Median per active participant: $608
Plans with $0 employer match: 576 (29.4%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,460	$1.1B	25,777	0.46%	$365
2023	1,863	$1.6B	68,982	0.16%	$589
2024	1,959	$1.9B	69,786	0.36%	$608

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 492" includes 1,959 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/492.