NAICS 531 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 24,988 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 24,988
Total assets: $97.4B
Total participants: 278,789
Median expense ratio: 0.53%
Median employer contribution per active participant: $2,351
Median account balance: $69,745
3-year asset growth (2022–2024): +37.0%

Expense ratio distribution

25th percentile: 0.19%
Median: 0.53%
75th percentile: 2.25%

Where the fees go (average mix)

Admin / Recordkeeping: 25.9%
Investment Management: 18.1%
Audit: 1.6%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $2,351
Plans with $0 employer match: 7,303 (29.2%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	22,533	$71.1B	234,119	0.56%	$2,445
2023	24,332	$85.9B	268,326	0.50%	$2,405
2024	24,988	$97.4B	278,789	0.53%	$2,351

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 531" includes 24,988 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/531.