NAICS 622 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 2,647 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 2,647
Total assets: $773.2B
Total participants: 21,731
Median expense ratio: 0.19%
Median employer contribution per active participant: $2,053
Median account balance: $66,854
3-year asset growth (2022–2024): +38.7%

Expense ratio distribution

25th percentile: 0.08%
Median: 0.19%
75th percentile: 0.48%

Where the fees go (average mix)

Admin / Recordkeeping: 25.9%
Investment Management: 21.0%
Audit: 2.5%
Legal: 0.5%

Employer contribution generosity

Median per active participant: $2,053
Plans with $0 employer match: 831 (31.4%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	2,608	$557.6B	13,229	0.22%	$1,931
2023	2,744	$693.5B	20,532	0.20%	$2,032
2024	2,647	$773.2B	21,731	0.19%	$2,053

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 622" includes 2,647 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/622.