NAICS 722 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 20,123 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 20,123
Total assets: $39.3B
Total participants: 295,527
Median expense ratio: 0.53%
Median employer contribution per active participant: $556
Median account balance: $10,976
3-year asset growth (2022–2024): +41.9%

Expense ratio distribution

25th percentile: 0.15%
Median: 0.53%
75th percentile: 1.23%

Where the fees go (average mix)

Admin / Recordkeeping: 27.7%
Investment Management: 13.1%
Audit: 1.2%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $556
Plans with $0 employer match: 8,199 (40.7%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	15,115	$27.7B	165,692	0.60%	$601
2023	18,125	$35.2B	242,756	0.51%	$557
2024	20,123	$39.3B	295,527	0.53%	$556

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 722" includes 20,123 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/722.