NAICS 721 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 4,036 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 4,036
Total assets: $48.6B
Total participants: 58,202
Median expense ratio: 0.45%
Median employer contribution per active participant: $818
Median account balance: $24,345
3-year asset growth (2022–2024): +40.3%

Expense ratio distribution

25th percentile: 0.19%
Median: 0.45%
75th percentile: 0.89%

Where the fees go (average mix)

Admin / Recordkeeping: 27.5%
Investment Management: 17.8%
Audit: 2.1%
Legal: 0.4%

Employer contribution generosity

Median per active participant: $818
Plans with $0 employer match: 1,604 (39.7%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	3,522	$34.7B	36,054	0.51%	$786
2023	3,988	$39.8B	53,067	0.44%	$797
2024	4,036	$48.6B	58,202	0.45%	$818

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 721" includes 4,036 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/721.