NAICS 493 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,478 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,478
Total assets: $11.3B
Total participants: 28,400
Median expense ratio: 0.48%
Median employer contribution per active participant: $1,536
Median account balance: $39,289
3-year asset growth (2022–2024): +38.9%

Expense ratio distribution

25th percentile: 0.28%
Median: 0.48%
75th percentile: 1.04%

Where the fees go (average mix)

Admin / Recordkeeping: 23.7%
Investment Management: 17.7%
Audit: 1.8%
Legal: 0.3%

Employer contribution generosity

Median per active participant: $1,536
Plans with $0 employer match: 340 (23.0%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,317	$8.1B	21,022	0.53%	$1,490
2023	1,470	$10.0B	28,037	0.45%	$1,505
2024	1,478	$11.3B	28,400	0.48%	$1,536

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 493" includes 1,478 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/493.