NAICS 512 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 2,445 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,445
Total assets: $58.3B
Total participants: 968,774
Median expense ratio: 0.20%
Median employer contribution per active participant: $3,589
Median account balance: $55,537
3-year asset growth (2022–2024): +22.1%

Expense ratio distribution

25th percentile: 0.06%
Median: 0.20%
75th percentile: 0.38%

Where the fees go (average mix)

Admin / Recordkeeping: 32.3%
Investment Management: 53.0%
Audit: 6.6%
Legal: 2.4%

Employer contribution generosity

Median per active participant: $3,589
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,255	$47.7B	954,970	0.32%	—
2023	2,411	$52.9B	958,336	0.20%	—
2024	2,445	$58.3B	968,774	0.20%	$3,589

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 512" 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/512.