NAICS 562 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 2,448 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,448
Total assets: $23.3B
Total participants: 38,827
Median expense ratio: 0.34%
Median employer contribution per active participant: $1,786
Median account balance: $43,222
3-year asset growth (2022–2024): +49.4%

Expense ratio distribution

25th percentile: 0.12%
Median: 0.34%
75th percentile: 0.82%

Where the fees go (average mix)

Admin / Recordkeeping: 26.5%
Investment Management: 11.6%
Audit: 1.5%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $1,786
Plans with $0 employer match: 626 (25.6%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,107	$15.6B	30,310	0.35%	$1,748
2023	2,370	$20.7B	35,941	0.32%	$1,761
2024	2,448	$23.3B	38,827	0.34%	$1,786

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 562" includes 2,448 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/562.