NAICS 518 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 2,599 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,599
Total assets: $43.8B
Total participants: 703,594
Median expense ratio: 0.13%
Median employer contribution per active participant: $3,347
Median account balance: $56,480
3-year asset growth (2022–2024): +39.9%

Expense ratio distribution

25th percentile: 0.05%
Median: 0.13%
75th percentile: 0.26%

Where the fees go (average mix)

Admin / Recordkeeping: 25.1%
Investment Management: 70.1%
Audit: 4.4%
Legal: 0.0%

Employer contribution generosity

Median per active participant: $3,347
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,491	$31.3B	604,186	0.20%	—
2023	2,571	$37.9B	618,345	0.15%	—
2024	2,599	$43.8B	703,594	0.13%	$3,347

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 518" 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/518.