NAICS 713 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 7,586 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 7,586
Total assets: $31.8B
Total participants: 1,479,464
Median expense ratio: 0.24%
Median employer contribution per active participant: $1,220
Median account balance: $24,277
3-year asset growth (2022–2024): +41.2%

Expense ratio distribution

25th percentile: 0.07%
Median: 0.24%
75th percentile: 0.49%

Where the fees go (average mix)

Admin / Recordkeeping: 35.2%
Investment Management: 54.8%
Audit: 3.9%
Legal: 0.8%

Employer contribution generosity

Median per active participant: $1,220
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	6,766	$22.5B	1,217,381	0.48%	—
2023	7,401	$28.7B	1,416,166	0.24%	—
2024	7,586	$31.8B	1,479,464	0.24%	$1,220

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 713" 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/713.