NAICS 532 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 2,542 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,542
Total assets: $24.9B
Total participants: 42,115
Median expense ratio: 0.40%
Median employer contribution per active participant: $1,914
Median account balance: $42,437
3-year asset growth (2022–2024): +41.2%

Expense ratio distribution

25th percentile: 0.15%
Median: 0.40%
75th percentile: 1.10%

Where the fees go (average mix)

Admin / Recordkeeping: 26.2%
Investment Management: 16.0%
Audit: 1.3%
Legal: 0.0%

Employer contribution generosity

Median per active participant: $1,914
Plans with $0 employer match: 672 (26.4%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,187	$17.7B	32,195	0.44%	$1,786
2023	2,477	$22.0B	40,265	0.37%	$1,839
2024	2,542	$24.9B	42,115	0.40%	$1,914

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 532" includes 2,542 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/532.