NAICS 532 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 2,696 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,696
Total assets: $24.5B
Total participants: 686,300
Median expense ratio: 0.21%
Median employer contribution per active participant: $1,993
Median account balance: $35,353
3-year asset growth (2022–2024): +33.4%

Expense ratio distribution

25th percentile: 0.07%
Median: 0.21%
75th percentile: 0.43%

Where the fees go (average mix)

Admin / Recordkeeping: 41.4%
Investment Management: 47.9%
Audit: 6.1%
Legal: 0.0%

Employer contribution generosity

Median per active participant: $1,993
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,552	$18.4B	632,295	0.33%	—
2023	2,740	$22.2B	683,091	0.22%	—
2024	2,696	$24.5B	686,300	0.21%	$1,993

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 532" 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/532.