NAICS 562 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 2,547 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,547
Total assets: $20.5B
Total participants: 456,434
Median expense ratio: 0.25%
Median employer contribution per active participant: $1,892
Median account balance: $33,550
3-year asset growth (2022–2024): +12.7%

Expense ratio distribution

25th percentile: 0.11%
Median: 0.25%
75th percentile: 0.52%

Where the fees go (average mix)

Admin / Recordkeeping: 46.0%
Investment Management: 40.4%
Audit: 5.8%
Legal: 2.4%

Employer contribution generosity

Median per active participant: $1,892
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,444	$18.2B	425,291	0.41%	—
2023	2,531	$21.0B	470,727	0.24%	—
2024	2,547	$20.5B	456,434	0.25%	$1,892

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 562" 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/562.