NAICS 622 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 4,075 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 4,075
Total assets: $731.3B
Total participants: 15,132,372
Median expense ratio: 0.12%
Median employer contribution per active participant: $2,095
Median account balance: $66,098
3-year asset growth (2022–2024): +18.4%

Expense ratio distribution

25th percentile: 0.03%
Median: 0.12%
75th percentile: 0.34%

Where the fees go (average mix)

Admin / Recordkeeping: 36.3%
Investment Management: 46.5%
Audit: 6.7%
Legal: 1.5%

Employer contribution generosity

Median per active participant: $2,095
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	4,720	$617.8B	14,986,813	0.20%	—
2023	4,531	$709.9B	15,399,961	0.14%	—
2024	4,075	$731.3B	15,132,372	0.12%	$2,095

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 622" 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/622.