NAICS 624 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 16,011 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 16,011
Total assets: $33.1B
Total participants: 2,157,904
Median expense ratio: 0.34%
Median employer contribution per active participant: $1,140
Median account balance: $17,370
3-year asset growth (2022–2024): +6.3%

Expense ratio distribution

25th percentile: 0.15%
Median: 0.34%
75th percentile: 0.62%

Where the fees go (average mix)

Admin / Recordkeeping: 55.2%
Investment Management: 38.6%
Audit: 3.0%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $1,140
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	15,214	$31.1B	2,153,987	0.49%	—
2023	16,260	$36.2B	2,289,829	0.35%	—
2024	16,011	$33.1B	2,157,904	0.34%	$1,140

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 624" 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/624.