NAICS 921 Retirement Plan Benchmarks

Industry benchmarks aggregated by NAICS classification. Sourced from 691 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 691
Total assets: $3.8B
Total participants: 11,697
Median expense ratio: 0.36%
Median employer contribution per active participant: $2,873
Median account balance: $38,530
3-year asset growth (2022–2024): +42.3%

Expense ratio distribution

25th percentile: 0.10%
Median: 0.36%
75th percentile: 0.66%

Where the fees go (average mix)

Admin / Recordkeeping: 30.1%
Investment Management: 21.5%
Audit: 1.0%
Legal: 0.0%

Employer contribution generosity

Median per active participant: $2,873
Plans with $0 employer match: 100 (14.5%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	572	$2.7B	8,406	0.42%	$2,695
2023	664	$3.3B	11,114	0.32%	$2,827
2024	691	$3.8B	11,697	0.36%	$2,873

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "NAICS 921" includes 691 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/921.