NAICS 517 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 3,422 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,422
Total assets: $217.0B
Total participants: 2,203,302
Median expense ratio: 0.18%
Median employer contribution per active participant: $2,761
Median account balance: $70,105
3-year asset growth (2022–2024): +11.8%

Expense ratio distribution

25th percentile: 0.06%
Median: 0.18%
75th percentile: 0.36%

Where the fees go (average mix)

Admin / Recordkeeping: 32.6%
Investment Management: 54.4%
Audit: 5.8%
Legal: 1.5%

Employer contribution generosity

Median per active participant: $2,761
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,399	$194.1B	2,609,988	0.28%	—
2023	3,511	$212.4B	2,321,408	0.20%	—
2024	3,422	$217.0B	2,203,302	0.18%	$2,761

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 517" 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/517.