NAICS 722 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 19,736 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 19,736
Total assets: $37.8B
Total participants: 4,879,736
Median expense ratio: 0.40%
Median employer contribution per active participant: $615
Median account balance: $5,661
3-year asset growth (2022–2024): +19.1%

Expense ratio distribution

25th percentile: 0.18%
Median: 0.40%
75th percentile: 0.85%

Where the fees go (average mix)

Admin / Recordkeeping: 46.9%
Investment Management: 44.4%
Audit: 4.7%
Legal: 0.5%

Employer contribution generosity

Median per active participant: $615
Plans with $0 employer match: —

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	15,839	$31.7B	4,328,742	0.69%	—
2023	18,443	$36.0B	4,618,768	0.39%	—
2024	19,736	$37.8B	4,879,736	0.40%	$615

Methodology

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