NAICS 511 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 6,791 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 6,791
Total assets: $159.6B
Total participants: 104,526
Median expense ratio: 0.28%
Median employer contribution per active participant: $3,146
Median account balance: $44,572
3-year asset growth (2022–2024): +45.7%

Expense ratio distribution

25th percentile: 0.09%
Median: 0.28%
75th percentile: 0.74%

Where the fees go (average mix)

Admin / Recordkeeping: 18.3%
Investment Management: 26.4%
Audit: 2.2%
Legal: 0.5%

Employer contribution generosity

Median per active participant: $3,146
Plans with $0 employer match: 2,561 (37.7%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	5,565	$109.6B	93,295	0.31%	$2,726
2023	6,307	$138.9B	101,066	0.27%	$2,978
2024	6,791	$159.6B	104,526	0.28%	$3,146

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 511" includes 6,791 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/511.