NAICS 551 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 3,581 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 3,581
Total assets: $425.8B
Total participants: 5,728,854
Median expense ratio: 0.16%
Median employer contribution per active participant: $2,842
Median account balance: $76,097
3-year asset growth (2022–2024): +20.9%

Expense ratio distribution

25th percentile: 0.04%
Median: 0.16%
75th percentile: 0.41%

Where the fees go (average mix)

Admin / Recordkeeping: 35.0%
Investment Management: 47.3%
Audit: 8.5%
Legal: 1.1%

Employer contribution generosity

Median per active participant: $2,842
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,512	$352.2B	5,417,400	0.24%	—
2023	3,656	$397.3B	5,871,008	0.17%	—
2024	3,581	$425.8B	5,728,854	0.16%	$2,842

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 551" 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/551.