Ranking of CY 2021 401k Industry Groups by their
Ratio of Investment Advisory and Management Fees
to Total Assets
Ranks 272 industry groups (first four digits from the six-digit NAICS business code, Line 2d in Form 5500) of 401k plans by the sum of each plan's investment advisory and management fees (Line 2i(3) of Schedule H) divided by the sum of their total assets (Line 1f of Form 5500), times 100. Covers 56,428 employer 401k plans that filed a Schedule H, whose plan-year start date is in Q1 2021, and each with at least $1M in total assets. Uses data (2/28/22) from DOL EBSA.
Industry Group | Number of 401k Plans | Average Investment Advisory and Management Fee Ratio
1. Drinking Places (Alcoholic Beverages) | #cases=15 | avg=0.21%
2. Aquaculture | #cases=7 | avg=0.15%
3. Florists | #cases=9 | avg=0.15%
4. Logging | #cases=8 | avg=0.11%
5. Investigation and Security Services | #cases=111 | avg=0.095%
6. Used Merchandise Stores | #cases=18 | avg=0.087%
7. Rooming and Boarding Houses, Dormitories, and Workers' Camps | #cases=10 | avg=0.087%
8. Timber Tract Operations | #cases=12 | avg=0.085%
9. Vocational Rehabilitation Services | #cases=111 | avg=0.084%
10. Vending Machine Operators | #cases=19 | avg=0.075%
11. Support Activities for Air Transportation | #cases=79 | avg=0.071%
12. Community Food and Housing and Emergency and Other Relief Services | #cases=115 | avg=0.071%
13. Foundation, Structure, and Building Exterior Contractors | #cases=207 | avg=0.07%
14. Health and Personal Care Stores | #cases=233 | avg=0.07%
15. Individual and Family Services | #cases=469 | avg=0.068%
16. Interurban and Rural Bus Transportation | #cases=17 | avg=0.067%
17. Other Motor Vehicle Dealers | #cases=145 | avg=0.066%
18. Employment Services | #cases=542 | avg=0.066%
19. Insurance and Employee Benefit Funds | #cases=64 | avg=0.066%
20. Other Wood Product Manufacturing | #cases=210 | avg=0.065%
21. Building Equipment Contractors | #cases=883 | avg=0.064%
22. Animal Slaughtering and Processing | #cases=101 | avg=0.064%
23. Land Subdivision | #cases=44 | avg=0.064%
24. Freight Transportation Arrangement | #cases=132 | avg=0.063%
25. Charter Bus Industry | #cases=24 | avg=0.063%
26. Fruit and Tree Nut Farming | #cases=60 | avg=0.063%
27. RV (Recreational Vehicle) Parks and Recreational Camps | #cases=8 | avg=0.057%
28. Fishing | #cases=14 | avg=0.057%
29. Oilseed and Grain Farming | #cases=66 | avg=0.057%
30. Other Personal Services | #cases=457 | avg=0.056%
31. Beer, Wine, and Liquor Stores | #cases=20 | avg=0.055%
32. Greenhouse, Nursery, and Floriculture Production | #cases=102 | avg=0.055%
33. Forest Nurseries and Gathering of Forest Products | #cases=4 | avg=0.055%
34. Telecommunications | #cases=325 | avg=0.055%
35. Local Messengers and Local Delivery | #cases=6 | avg=0.054%
36. Automobile Dealers | #cases=1,605 | avg=0.054%
37. Executive, Legislative, and Other General Government Support | #cases=66 | avg=0.054%
38. Other Crop Farming | #cases=72 | avg=0.053%
39. Nursing and Residential Care Facilities | #cases=1,032 | avg=0.052%
40. Office Administrative Services | #cases=185 | avg=0.052%
41. Veneer, Plywood, and Engineered Wood Product Manufacturing | #cases=69 | avg=0.051%
42. Nondepository Credit Intermediation | #cases=413 | avg=0.051%
43. Personal and Household Goods Repair and Maintenance | #cases=31 | avg=0.05%
44. Support Activities for Rail Transportation | #cases=15 | avg=0.05%
45. Home Furnishings Stores | #cases=73 | avg=0.049%
46. Vegetable and Melon Farming | #cases=53 | avg=0.049%
47. Offices of Other Health Practitioners | #cases=547 | avg=0.046%
48. Clay Product and Refractory Manufacturing | #cases=30 | avg=0.046%
49. Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing | #cases=97 | avg=0.046%
50. Offices of Dentists | #cases=147 | avg=0.046%
51. Building Finishing Contractors | #cases=137 | avg=0.045%
52. Boiler, Tank, and Shipping Container Manufacturing | #cases=36 | avg=0.045%
53. Shoe Stores | #cases=32 | avg=0.044%
54. Footwear Manufacturing | #cases=22 | avg=0.044%
55. Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers | #cases=254 | avg=0.043%
56. Bakeries and Tortilla Manufacturing | #cases=142 | avg=0.043%
57. Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing | #cases=200 | avg=0.042%
58. Coating, Engraving, Heat Treating, and Allied Activities | #cases=105 | avg=0.042%
59. Offices of Physicians | #cases=1,806 | avg=0.042%
60. Electronic and Precision Equipment Repair and Maintenance | #cases=49 | avg=0.042%
61. Cut and Sew Apparel Manufacturing | #cases=67 | avg=0.041%
62. Accounting, Tax Preparation, Bookkeeping, and Payroll Services | #cases=449 | avg=0.041%
63. Taxi and Limousine Service | #cases=21 | avg=0.041%
64. Other Heavy and Civil Engineering Construction | #cases=229 | avg=0.04%
65. Spring and Wire Product Manufacturing | #cases=52 | avg=0.04%
66. Other Specialty Trade Contractors | #cases=777 | avg=0.039%
67. Support Activities for Crop Production | #cases=129 | avg=0.039%
68. Couriers and Express Delivery Services | #cases=22 | avg=0.039%
69. Other Amusement and Recreation Industries | #cases=341 | avg=0.039%
70. Software Publishers | #cases=340 | avg=0.039%
71. Services To Buildings and Dwellings | #cases=256 | avg=0.038%
72. Petroleum and Petroleum Products Merchant Wholesalers | #cases=168 | avg=0.038%
73. Dairy Product Manufacturing | #cases=128 | avg=0.038%
74. Miscellaneous Nondurable Goods Merchant Wholesalers | #cases=297 | avg=0.038%
75. Highway, Street, and Bridge Construction | #cases=325 | avg=0.038%
76. Activities Related To Real Estate | #cases=1,027 | avg=0.038%
77. Other Leather and Allied Product Manufacturing | #cases=10 | avg=0.038%
78. Electric Power Generation, Transmission and Distribution | #cases=223 | avg=0.038%
79. Museums, Historical Sites, and Similar Institutions | #cases=68 | avg=0.038%
80. Other Ambulatory Health Care Services | #cases=145 | avg=0.038%
81. Wholesale Electronic Markets and Agents and Brokers | #cases=56 | avg=0.037%
82. Commercial and Industrial Machinery and Equipment (Except Automotive and Electronic) Repair and Maintenance | #cases=147 | avg=0.037%
83. Motor Vehicle Body and Trailer Manufacturing | #cases=63 | avg=0.037%
84. Home Health Care Services | #cases=424 | avg=0.037%
85. Automotive Repair and Maintenance | #cases=136 | avg=0.037%
86. Steel Product Manufacturing From Purchased Steel | #cases=181 | avg=0.037%
87. Child Day Care Services | #cases=67 | avg=0.036%
88. Seafood Product Preparation and Packaging | #cases=39 | avg=0.035%
89. Nonmetallic Mineral Mining and Quarrying | #cases=107 | avg=0.035%
90. Personal Care Services | #cases=82 | avg=0.035%
91. Scenic and Sightseeing Transportation | #cases=14 | avg=0.035%
92. Furniture and Related Product Manufacturing | #cases=213 | avg=0.035%
93. Sawmills and Wood Preservation | #cases=68 | avg=0.034%
94. Cattle Ranching and Farming | #cases=38 | avg=0.034%
95. Printing and Related Support Activities | #cases=413 | avg=0.034%
96. Furniture and Home Furnishing Merchant Wholesalers | #cases=76 | avg=0.034%
97. Securities and Commodity Contracts Intermediation and Brokerage | #cases=182 | avg=0.034%
98. Specialized Design Services | #cases=79 | avg=0.034%
99. Apparel Accessories and Other Apparel Manufacturing | #cases=94 | avg=0.033%
100. Other Nonmetallic Mineral Product Manufacturing | #cases=60 | avg=0.032%
101. Nonresidential Building Construction | #cases=614 | avg=0.032%
102. Cement and Concrete Product Manufacturing | #cases=161 | avg=0.032%
103. Special Food Services | #cases=182 | avg=0.032%
104. Business Support Services | #cases=272 | avg=0.032%
105. Coal Mining | #cases=58 | avg=0.032%
106. Animal Food Manufacturing | #cases=81 | avg=0.032%
107. Furniture Stores | #cases=132 | avg=0.032%
108. Other Financial Investment Activities | #cases=453 | avg=0.031%
109. Facilities Support Services | #cases=88 | avg=0.031%
110. Machinery, Equipment, and Supplies Merchant Wholesalers | #cases=385 | avg=0.031%
111. Agriculture, Construction, and Mining Machinery Manufacturing | #cases=150 | avg=0.03%
112. Lumber and Other Construction Materials Merchant Wholesalers | #cases=188 | avg=0.03%
113. Miscellaneous Durable Goods Merchant Wholesalers | #cases=547 | avg=0.03%
114. Specialized Freight Trucking | #cases=173 | avg=0.03%
115. Warehousing and Storage | #cases=192 | avg=0.03%
116. Lessors of Real Estate | #cases=336 | avg=0.03%
117. Lawn and Garden Equipment and Supplies Stores | #cases=48 | avg=0.029%
118. Other Transit and Ground Passenger Transportation | #cases=54 | avg=0.029%
119. Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures | #cases=20 | avg=0.029%
120. Audio and Video Equipment Manufacturing | #cases=42 | avg=0.029%
121. Hardware and Plumbing and Heating Equipment and Supplies Merchant Wholesalers | #cases=206 | avg=0.029%
122. Data Processing, Hosting, and Related Services | #cases=224 | avg=0.029%
123. Cutlery and Handtool Manufacturing | #cases=55 | avg=0.028%
124. School and Employee Bus Transportation | #cases=46 | avg=0.028%
125. Educational Services | #cases=632 | avg=0.028%
126. Metalworking Machinery Manufacturing | #cases=97 | avg=0.028%
127. Amusement Parks and Arcades | #cases=37 | avg=0.028%
128. Restaurants and Other Eating Places | #cases=733 | avg=0.028%
129. Gambling Industries | #cases=157 | avg=0.028%
130. Utility System Construction | #cases=92 | avg=0.028%
131. Manufacturing and Reproducing Magnetic and Optical Media | #cases=14 | avg=0.028%
132. Legal Services | #cases=1,108 | avg=0.027%
133. Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers | #cases=216 | avg=0.027%
134. Depository Credit Intermediation | #cases=1,770 | avg=0.027%
135. Advertising, Public Relations, and Related Services | #cases=368 | avg=0.027%
136. Converted Paper Product Manufacturing | #cases=195 | avg=0.026%
137. Residential Building Construction | #cases=283 | avg=0.026%
138. Business, Professional, Labor, Political, and Similar Organizations | #cases=56 | avg=0.026%
139. Other Transportation Equipment Manufacturing | #cases=116 | avg=0.026%
140. Forging and Stamping | #cases=171 | avg=0.026%
141. Consumer Goods Rental | #cases=21 | avg=0.026%
142. Promoters of Performing Arts, Sports, and Similar Events | #cases=30 | avg=0.026%
143. Computer Systems Design and Related Services | #cases=1,946 | avg=0.026%
144. Support Activities for Forestry | #cases=14 | avg=0.026%
145. Plastics Product Manufacturing | #cases=670 | avg=0.025%
146. General Freight Trucking | #cases=645 | avg=0.025%
147. Religious, Grantmaking, Civic, Professional, and Similar Organizations | #cases=691 | avg=0.025%
148. Radio and Television Broadcasting | #cases=100 | avg=0.025%
149. Natural Gas Distribution | #cases=66 | avg=0.025%
150. Other Professional, Scientific, and Technical Services | #cases=1,963 | avg=0.025%
151. Other Support Services | #cases=93 | avg=0.025%
152. Other Animal Production | #cases=30 | avg=0.025%
153. Support Activities for Water Transportation | #cases=49 | avg=0.025%
154. Water, Sewage and Other Systems | #cases=64 | avg=0.025%
155. Other Fabricated Metal Product Manufacturing | #cases=970 | avg=0.025%
156. Department Stores | #cases=18 | avg=0.025%
157. Travel Arrangement and Reservation Services | #cases=56 | avg=0.025%
158. Spectator Sports | #cases=160 | avg=0.024%
159. Navigational, Measuring, Electromedical, and Control Instruments Manufacturing | #cases=118 | avg=0.024%
160. Air Transportation | #cases=180 | avg=0.024%
161. Hardware Manufacturing | #cases=27 | avg=0.024%
162. Other General Purpose Machinery Manufacturing | #cases=232 | avg=0.024%
163. Death Care Services | #cases=30 | avg=0.024%
164. Rail Transportation | #cases=53 | avg=0.023%
165. Cable and Other Subscription Programming | #cases=29 | avg=0.023%
166. Rubber Product Manufacturing | #cases=143 | avg=0.023%
167. Other Miscellaneous Store Retailers | #cases=215 | avg=0.023%
168. Architectural and Structural Metals Manufacturing | #cases=130 | avg=0.023%
169. Chemical and Allied Products Merchant Wholesalers | #cases=60 | avg=0.023%
170. Architectural, Engineering, and Related Services | #cases=1,527 | avg=0.023%
171. Support Activities for Animal Production | #cases=21 | avg=0.023%
172. Commercial and Industrial Machinery and Equipment Rental and Leasing | #cases=121 | avg=0.022%
173. Nonferrous Metal (Except Aluminum) Production and Processing | #cases=91 | avg=0.022%
174. Industrial Machinery Manufacturing | #cases=275 | avg=0.022%
175. Textile Mills | #cases=49 | avg=0.022%
176. Metal and Mineral (Except Petroleum) Merchant Wholesalers | #cases=89 | avg=0.021%
177. Urban Transit Systems | #cases=16 | avg=0.021%
178. Alumina and Aluminum Production and Processing | #cases=79 | avg=0.021%
179. Agencies, Brokerages, and Other Insurance Related Activities | #cases=595 | avg=0.021%
180. Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing | #cases=66 | avg=0.021%
181. Management, Scientific, and Technical Consulting Services | #cases=998 | avg=0.02%
182. Drycleaning and Laundry Services | #cases=76 | avg=0.02%
183. Electronics and Appliance Stores | #cases=68 | avg=0.02%
184. Hospitals | #cases=620 | avg=0.02%
185. Water Transportation | #cases=92 | avg=0.02%
186. Other Food Manufacturing | #cases=374 | avg=0.019%
187. Grocery and Related Product Merchant Wholesalers | #cases=314 | avg=0.019%
188. Automotive Parts, Accessories, and Tire Stores | #cases=158 | avg=0.019%
189. Newspaper, Periodical, Book, and Directory Publishers | #cases=303 | avg=0.019%
190. Apparel, Piece Goods, and Notions Merchant Wholesalers | #cases=111 | avg=0.019%
191. Support Activities for Mining | #cases=125 | avg=0.019%
192. Traveler Accommodation | #cases=533 | avg=0.019%
193. Offices of Real Estate Agents and Brokers | #cases=127 | avg=0.019%
194. General Merchandise Stores, Including Warehouse Clubs and Supercenters | #cases=40 | avg=0.018%
195. Scientific Research and Development Services | #cases=372 | avg=0.018%
196. Medical and Diagnostic Laboratories | #cases=180 | avg=0.018%
197. Insurance Carriers | #cases=434 | avg=0.018%
198. Paint, Coating, and Adhesive Manufacturing | #cases=69 | avg=0.018%
199. Independent Artists, Writers, and Performers | #cases=12 | avg=0.018%
200. Motor Vehicle Parts Manufacturing | #cases=416 | avg=0.018%
201. Other Support Activities for Transportation | #cases=100 | avg=0.017%
202. Household Appliances and Electrical and Electronic Goods Merchant Wholesalers | #cases=221 | avg=0.017%
203. Semiconductor and Other Electronic Component Manufacturing | #cases=218 | avg=0.017%
204. Support Activities for Road Transportation | #cases=42 | avg=0.017%
205. Pulp, Paper, and Paperboard Mills | #cases=86 | avg=0.017%
206. Grocery Stores | #cases=434 | avg=0.017%
207. Management of Companies and Enterprises | #cases=655 | avg=0.016%
208. Foundries | #cases=66 | avg=0.016%
209. Gasoline Stations | #cases=105 | avg=0.016%
210. Jewelry, Luggage, and Leather Goods Stores | #cases=45 | avg=0.016%
211. Glass and Glass Product Manufacturing | #cases=90 | avg=0.016%
212. Petroleum and Coal Products Manufacturing | #cases=143 | avg=0.016%
213. Direct Selling Establishments | #cases=131 | avg=0.016%
214. Other Electrical Equipment and Component Manufacturing | #cases=378 | avg=0.016%
215. Beverage Manufacturing | #cases=211 | avg=0.016%
216. Poultry and Egg Production | #cases=44 | avg=0.015%
217. Apparel Knitting Mills | #cases=10 | avg=0.015%
218. Securities and Commodity Exchanges | #cases=10 | avg=0.015%
219. Ship and Boat Building | #cases=75 | avg=0.015%
220. Other Chemical Product and Preparation Manufacturing | #cases=166 | avg=0.015%
221. Specialty Food Stores | #cases=114 | avg=0.015%
222. Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing | #cases=48 | avg=0.014%
223. Other Miscellaneous Manufacturing | #cases=1,005 | avg=0.014%
224. Computer and Peripheral Equipment Manufacturing | #cases=127 | avg=0.014%
225. Professional and Commercial Equipment and Supplies Merchant Wholesalers | #cases=118 | avg=0.014%
226. Clothing Stores | #cases=138 | avg=0.014%
227. Sporting Goods, Hobby, and Musical Instrument Stores | #cases=75 | avg=0.014%
228. Paper and Paper Product Merchant Wholesalers | #cases=71 | avg=0.013%
229. Lessors of Nonfinancial Intangible Assets (Except Copyrighted Works) | #cases=19 | avg=0.013%
230. Medical Equipment and Supplies Manufacturing | #cases=319 | avg=0.013%
231. Oil and Gas Extraction | #cases=219 | avg=0.013%
232. Electric Lighting Equipment Manufacturing | #cases=48 | avg=0.013%
233. Engine, Turbine, and Power Transmission Equipment Manufacturing | #cases=85 | avg=0.013%
234. Electrical Equipment Manufacturing | #cases=89 | avg=0.013%
235. Electronic Shopping and Mail-Order Houses | #cases=167 | avg=0.012%
236. Performing Arts Companies | #cases=45 | avg=0.012%
237. Pharmaceutical and Medicine Manufacturing | #cases=298 | avg=0.012%
238. Commercial and Service Industry Machinery Manufacturing | #cases=62 | avg=0.011%
239. Hog and Pig Farming | #cases=14 | avg=0.011%
240. Textile Product Mills | #cases=101 | avg=0.011%
241. Basic Chemical Manufacturing | #cases=136 | avg=0.011%
242. Communications Equipment Manufacturing | #cases=104 | avg=0.011%
243. Waste Management and Remediation Services | #cases=170 | avg=0.01%
244. Book Stores and News Dealers | #cases=15 | avg=0.0099%
245. Soap, Cleaning Compound, and Toilet Preparation Manufacturing | #cases=88 | avg=0.0094%
246. Sugar and Confectionery Product Manufacturing | #cases=91 | avg=0.0094%
247. Outpatient Care Centers | #cases=402 | avg=0.009%
248. Activities Related To Credit Intermediation | #cases=82 | avg=0.0089%
249. Metal Ore Mining | #cases=36 | avg=0.0089%
250. Office Supplies, Stationery, and Gift Stores | #cases=46 | avg=0.0089%
251. Household Appliance Manufacturing | #cases=35 | avg=0.0088%
252. Pipeline Transportation | #cases=26 | avg=0.0088%
253. Building Material and Supplies Dealers | #cases=241 | avg=0.0088%
254. Drugs and Druggists' Sundries Merchant Wholesalers | #cases=70 | avg=0.0087%
255. Grain and Oilseed Milling | #cases=45 | avg=0.0082%
256. Other Information Services | #cases=248 | avg=0.0082%
257. Railroad Rolling Stock Manufacturing | #cases=18 | avg=0.007%
258. Other Investment Pools and Funds | #cases=70 | avg=0.0064%
259. Motion Picture and Video Industries | #cases=88 | avg=0.0059%
260. Fruit and Vegetable Preserving and Specialty Food Manufacturing | #cases=126 | avg=0.005%
261. Iron and Steel Mills and Ferroalloy Manufacturing | #cases=85 | avg=0.0041%
262. Aerospace Product and Parts Manufacturing | #cases=187 | avg=0.004%
263. Motor Vehicle Manufacturing | #cases=75 | avg=0.0038%
264. Farm Product Raw Material Merchant Wholesalers | #cases=52 | avg=0.0036%
265. Tobacco Manufacturing | #cases=26 | avg=0.0032%
266. <missing or incorrect> | #cases=24 | avg=0.0027%
267. Automotive Equipment Rental and Leasing | #cases=29 | avg=0.0023%
268. General Rental Centers | #cases=10 | avg=0.0015%
269. Lime and Gypsum Product Manufacturing | #cases=13 | avg=0.0012%
270. Hunting and Trapping | #cases=2 | avg=0.0%
271. Leather and Hide Tanning and Finishing | #cases=3 | avg=0.0%
272. Fabric Mills | #cases=1 | avg=0.0%
273. Sound Recording Industries | #cases=8 | avg=0.0%