NAICS 561 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 25,957 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 25,957
Total assets: $133.4B
Total participants: 360,076
Median expense ratio: 0.51%
Median employer contribution per active participant: $1,612
Median account balance: $33,056
3-year asset growth (2022–2024): +58.3%

Expense ratio distribution

25th percentile: 0.17%
Median: 0.51%
75th percentile: 1.13%

Where the fees go (average mix)

Admin / Recordkeeping: 29.1%
Investment Management: 15.0%
Audit: 1.4%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $1,612
Plans with $0 employer match: 7,691 (29.6%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	22,381	$84.2B	265,537	0.57%	$1,586
2023	25,045	$114.5B	338,513	0.51%	$1,584
2024	25,957	$133.4B	360,076	0.51%	$1,612

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 561" includes 25,957 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/561.