NAICS 712 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 1,323 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,323
Total assets: $9.0B
Total participants: 30,672
Median expense ratio: 0.23%
Median employer contribution per active participant: $1,606
Median account balance: $40,466
3-year asset growth (2022–2024): +41.7%

Expense ratio distribution

25th percentile: 0.09%
Median: 0.23%
75th percentile: 0.53%

Where the fees go (average mix)

Admin / Recordkeeping: 35.9%
Investment Management: 16.7%
Audit: 2.3%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $1,606
Plans with $0 employer match: 330 (24.9%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,136	$6.3B	23,570	0.25%	$1,517
2023	1,315	$8.2B	29,862	0.24%	$1,546
2024	1,323	$9.0B	30,672	0.23%	$1,606

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 712" includes 1,323 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/712.