NAICS 531 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 25,271 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 25,271
Total assets: $96.3B
Total participants: 2,183,685
Median expense ratio: 0.23%
Median employer contribution per active participant: $2,466
Median account balance: $69,325
3-year asset growth (2022–2024): +32.8%

Expense ratio distribution

25th percentile: 0.09%
Median: 0.23%
75th percentile: 0.45%

Where the fees go (average mix)

Admin / Recordkeeping: 38.1%
Investment Management: 53.3%
Audit: 6.6%
Legal: 0.3%

Employer contribution generosity

Median per active participant: $2,466
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	24,499	$72.5B	2,109,142	0.40%	—
2023	25,319	$85.7B	2,164,061	0.23%	—
2024	25,271	$96.3B	2,183,685	0.23%	$2,466

Methodology

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