NAICS 711 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 7,081 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 7,081
Total assets: $60.9B
Total participants: 77,620
Median expense ratio: 0.48%
Median employer contribution per active participant: $3,489
Median account balance: $69,490
3-year asset growth (2022–2024): +131.3%

Expense ratio distribution

25th percentile: 0.14%
Median: 0.48%
75th percentile: 0.96%

Where the fees go (average mix)

Admin / Recordkeeping: 34.7%
Investment Management: 16.5%
Audit: 2.7%
Legal: 0.8%

Employer contribution generosity

Median per active participant: $3,489
Plans with $0 employer match: 2,146 (30.3%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	5,734	$26.3B	53,906	0.55%	$3,645
2023	6,763	$52.9B	72,140	0.46%	$3,436
2024	7,081	$60.9B	77,620	0.48%	$3,489

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 711" includes 7,081 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/711.