NAICS 611 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 15,699 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 15,699
Total assets: $451.5B
Total participants: 307,937
Median expense ratio: 0.14%
Median employer contribution per active participant: $1,756
Median account balance: $36,341
3-year asset growth (2022–2024): +43.3%

Expense ratio distribution

25th percentile: 0.05%
Median: 0.14%
75th percentile: 0.40%

Where the fees go (average mix)

Admin / Recordkeeping: 43.9%
Investment Management: 16.0%
Audit: 3.0%
Legal: 0.2%

Employer contribution generosity

Median per active participant: $1,756
Plans with $0 employer match: 4,766 (30.4%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	11,425	$315.2B	189,271	0.13%	$1,858
2023	15,072	$408.3B	287,257	0.13%	$1,762
2024	15,699	$451.5B	307,937	0.14%	$1,756

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 611" includes 15,699 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/611.