Ranking of CY 2022 401(k) Industry Groups
by their Total Administrative Expense Ratio
Ranks the 271 industry groups (first four digits from the six-digit NAICS business code, Line 2d in Form 5500) of 401(k) plans by their total administrative expense ratios, i.e., total administrative expenses (Line 2i(5) of Schedule H) divided by total assets (end of plan year; Line 1f(b) from Schedule H), then multiplying by 100. Each plan's contribution is weighted by its total assets. Adresses 61,177 401(k) plans that filed a Schedule H, whose start date is in Q1 2022, and each with at least $1 in total assets. To qualify for total administrative expense ratio, the total assets must be at least $50,000. Uses data update (4/25/24) from DOL EBSA.
The overall weighted average (weighted by total assets) of total administrative expense ratio is 0.10% for 60,892 total qualifying plans
Industry Group | Number of 401(k) Plans | Weighted-Average Total Administrative Expense Ratio
1. Drinking Places (Alcoholic Beverages) | #plans=19 | avg=0.66%
2. Rooming and Boarding Houses, Dormitories, and Workers' Camps | #plans=11 | avg=0.57%
3. RV (Recreational Vehicle) Parks and Recreational Camps | #plans=7 | avg=0.48%
4. Used Merchandise Stores | #plans=27 | avg=0.47%
5. Charter Bus Industry | #plans=30 | avg=0.46%
6. Vocational Rehabilitation Services | #plans=139 | avg=0.44%
7. Interurban and Rural Bus Transportation | #plans=20 | avg=0.43%
8. Couriers and Express Delivery Services | #plans=26 | avg=0.43%
9. Nursing and Residential Care Facilities | #plans=1,215 | avg=0.42%
10. Beer, Wine, and Liquor Stores | #plans=22 | avg=0.39%
11. School and Employee Bus Transportation | #plans=56 | avg=0.39%
12. Home Health Care Services | #plans=615 | avg=0.39%
13. Child Day Care Services | #plans=95 | avg=0.39%
14. Taxi and Limousine Service | #plans=23 | avg=0.38%
15. Florists | #plans=13 | avg=0.38%
16. Aquaculture | #plans=7 | avg=0.38%
17. Business, Professional, Labor, Political, and Similar Organizations | #plans=59 | avg=0.38%
18. Employment Services | #plans=649 | avg=0.38%
19. Individual and Family Services | #plans=638 | avg=0.38%
20. Logging | #plans=10 | avg=0.37%
21. Warehousing and Storage | #plans=207 | avg=0.37%
22. Personal Care Services | #plans=102 | avg=0.35%
23. Other Leather and Allied Product Manufacturing | #plans=10 | avg=0.34%
24. Vending Machine Operators | #plans=18 | avg=0.34%
25. Investigation and Security Services | #plans=143 | avg=0.34%
26. Other Crop Farming | #plans=87 | avg=0.34%
27. Foundation, Structure, and Building Exterior Contractors | #plans=248 | avg=0.34%
28. Automobile Dealers | #plans=1,630 | avg=0.34%
29. Hunting and Trapping | #plans=2 | avg=0.33%
30. Oilseed and Grain Farming | #plans=84 | avg=0.33%
31. Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing | #plans=205 | avg=0.33%
32. Special Food Services | #plans=214 | avg=0.33%
33. Automotive Repair and Maintenance | #plans=166 | avg=0.33%
34. Coating, Engraving, Heat Treating, and Allied Activities | #plans=100 | avg=0.33%
35. Independent Artists, Writers, and Performers | #plans=9 | avg=0.32%
36. Support Activities for Forestry | #plans=14 | avg=0.32%
37. Vegetable and Melon Farming | #plans=58 | avg=0.32%
38. Personal and Household Goods Repair and Maintenance | #plans=35 | avg=0.32%
39. Electronic and Precision Equipment Repair and Maintenance | #plans=52 | avg=0.32%
40. Building Finishing Contractors | #plans=159 | avg=0.32%
41. Performing Arts Companies | #plans=49 | avg=0.31%
42. Other Transit and Ground Passenger Transportation | #plans=58 | avg=0.31
43. Other Motor Vehicle Dealers | #plans=150 | avg=0.3%
44. Other Personal Services | #plans=553 | avg=0.3%
45. Apparel Knitting Mills | #plans=11 | avg=0.29%
46. Urban Transit Systems | #plans=19 | avg=0.29%
47. Other Ambulatory Health Care Services | #plans=179 | avg=0.29%
48. Furniture and Home Furnishing Merchant Wholesalers | #plans=79 | avg=0.29%
49. Footwear Manufacturing | #plans=19 | avg=0.28%
50. Support Activities for Air Transportation | #plans=77 | avg=0.28%
51. Land Subdivision | #plans=42 | avg=0.28%
52. Community Food and Housing and Emergency and Other Relief Services | #plans=172 | avg=0.28%
53. Specialized Design Services | #plans=86 | avg=0.28%
54. Offices of Dentists | #plans=182 | avg=0.28%
55. Cattle Ranching and Farming | #plans=42 | avg=0.28%
56. Office Administrative Services | #plans=234 | avg=0.28%
57. Other Amusement and Recreation Industries | #plans=370 | avg=0.28%
58. Offices of Other Health Practitioners | #plans=630 | avg=0.28%
59. Other Animal Production | #plans=34 | avg=0.27%
60. Facilities Support Services | #plans=103 | avg=0.27%
61. Services to Buildings and Dwellings | #plans=327 | avg=0.27%
62. Greenhouse, Nursery, and Floriculture Production | #plans=109 | avg=0.27%
63. Timber Tract Operations | #plans=10 | avg=0.26%
64. Local Messengers and Local Delivery | #plans=15 | avg=0.26%
65. Support Activities for Rail Transportation | #plans=17 | avg=0.26%
66. Motor Vehicle Body and Trailer Manufacturing | #plans=70 | avg=0.26%
67. Cut and Sew Apparel Manufacturing | #plans=72 | avg=0.26%
68. Animal Food Manufacturing | #plans=90 | avg=0.26%
69. Home Furnishings Stores | #plans=73 | avg=0.25%
70. Consumer Goods Rental | #plans=24 | avg=0.25%
71. Animal Slaughtering and Processing | #plans=104 | avg=0.25%
72. Restaurants and Other Eating Places | #plans=1,002 | avg=0.25%
73. Other Wood Product Manufacturing | #plans=206 | avg=0.25%
74. Fishing | #plans=12 | avg=0.24%
75. Gasoline Stations | #plans=117 | avg=0.24%
76. Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | #plans=155 | avg=0.24%
77. Lawn and Garden Equipment and Supplies Stores | #plans=51 | avg=0.24%
78. Freight Transportation Arrangement | #plans=138 | avg=0.24%
79. Building Equipment Contractors | #plans=973 | avg=0.24%
80. Leather and Hide Tanning and Finishing | #plans=2 | avg=0.23%
81. Museums, Historical Sites, and Similar Institutions | #plans=73 | avg=0.23%
82. Bakeries and Tortilla Manufacturing | #plans=169 | avg=0.23%
83. Activities Related to Real Estate | #plans=1,088 | avg=0.23%
84. General Freight Trucking | #plans=700 | avg=0.23%
85. Fruit and Tree Nut Farming | #plans=73 | avg=0.23%
86. Executive, Legislative, and Other General Government Support | #plans=75 | avg=0.22%
87. Insurance and Employee Benefit Funds | #plans=64 | avg=0.22%
88. Hog and Pig Farming | #plans=14 | avg=0.22%
89. Petroleum and Petroleum Products Merchant Wholesalers | #plans=170 | avg=0.22%
90. Support Activities for Water Transportation | #plans=50 | avg=0.22%
91. Textile Mills | #plans=62 | avg=0.22%
92. Furniture Stores | #plans=135 | avg=0.22%
93. Cement and Concrete Product Manufacturing | #plans=166 | avg=0.22%
94. Shoe Stores | #plans=33 | avg=0.22%
95. Boiler, Tank, and Shipping Container Manufacturing | #plans=38 | avg=0.22%
96. Other Support Services | #plans=104 | avg=0.22%
97. Lumber and Other Construction Materials Merchant Wholesalers | #plans=196 | avg=0.22%
98. Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) | #plans=18 | avg=0.21%
99. Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing | #plans=99 | avg=0.21%
100. Gambling Industries | #plans=169 | avg=0.21%
101. Support Activities for Crop Production | #plans=137 | avg=0.21%
102. Lessors of Real Estate | #plans=379 | avg=0.21%
103. Printing and Related Support Activities | #plans=419 | avg=0.21%
104. Seafood Product Preparation and Packaging | #plans=40 | avg=0.2%
105. Wholesale Electronic Markets and Agents and Brokers | #plans=64 | avg=0.2%
106. Sporting Goods, Hobby, and Musical Instrument Stores | #plans=82 | avg=0.2%
107. Highway, Street, and Bridge Construction | #plans=334 | avg=0.2%
108. Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers | #plans=247 | avg=0.2%
109. Drycleaning and Laundry Services | #plans=84 | avg=0.2%
110. Offices of Real Estate Agents and Brokers | #plans=137 | avg=0.2%
111. Support Activities for Animal Production | #plans=23 | avg=0.19%
112. Nonferrous Metal (except Aluminum) Production and Processing | #plans=91 | avg=0.19%
113. Apparel, Piece Goods, and Notions Merchant Wholesalers | #plans=113 | avg=0.19%
114. Other Specialty Trade Contractors | #plans=813 | avg=0.19%
115. Death Care Services | #plans=31 | avg=0.18%
116. Architectural and Structural Metals Manufacturing | #plans=142 | avg=0.18%
117. Machinery, Equipment, and Supplies Merchant Wholesalers | #plans=386 | avg=0.18%
118. General Rental Centers | #plans=10 | avg=0.18%
119. Sawmills and Wood Preservation | #plans=69 | avg=0.18%
120. Automotive Parts, Accessories, and Tire Stores | #plans=163 | avg=0.18%
121. Other Miscellaneous Store Retailers | #plans=231 | avg=0.18%
122. Furniture and Related Product Manufacturing | #plans=222 | avg=0.18%
123. Nonresidential Building Construction | #plans=649 | avg=0.18%
124. Business Support Services | #plans=285 | avg=0.18%
125. Residential Building Construction | #plans=323 | avg=0.18%
126. Miscellaneous Durable Goods Merchant Wholesalers | #plans=577 | avg=0.18%
127. Electronics and Appliance Stores | #plans=74 | avg=0.18%
128. Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures | #plans=23 | avg=0.17%
129. Metalworking Machinery Manufacturing | #plans=96 | avg=0.17%
130. Poultry and Egg Production | #plans=43 | avg=0.17%
131. Traveler Accommodation | #plans=617 | avg=0.17%
132. Waste Management and Remediation Services | #plans=183 | avg=0.17%
133. Apparel Accessories and Other Apparel Manufacturing | #plans=101 | avg=0.17%
134. Accounting, Tax Preparation, Bookkeeping, and Payroll Services | #plans=480 | avg=0.17%
135. Plastics Product Manufacturing | #plans=683 | avg=0.17%
136. Steel Product Manufacturing from Purchased Steel | #plans=186 | avg=0.17%
137. Religious, Grantmaking, Civic, Professional, and Similar Organizations | #plans=774 | avg=0.17%
138. Miscellaneous Nondurable Goods Merchant Wholesalers | #plans=313 | avg=0.17%
139. Scenic and Sightseeing Transportation | #plans=16 | avg=0.16%
140. Chemical and Allied Products Merchant Wholesalers | #plans=63 | avg=0.16%
141. Forging and Stamping | #plans=169 | avg=0.16%
142. Foundries | #plans=65 | avg=0.16%
143. Spring and Wire Product Manufacturing | #plans=54 | avg=0.16%
144. Educational Services | #plans=723 | avg=0.16%
145. Grocery and Related Product Merchant Wholesalers | #plans=323 | avg=0.16%
146. Hardware and Plumbing and Heating Equipment and Supplies Merchant Wholesalers | #plans=206 | avg=0.16%
147. Nondepository Credit Intermediation | #plans=428 | avg=0.16%
148. Forest Nurseries and Gathering of Forest Products | #plans=4 | avg=0.16%
149. Other Fabricated Metal Product Manufacturing | #plans=985 | avg=0.16%
150. Jewelry, Luggage, and Leather Goods Stores | #plans=43 | avg=0.15%
151. Commercial and Service Industry Machinery Manufacturing | #plans=70 | avg=0.15%
152. Dairy Product Manufacturing | #plans=131 | avg=0.15%
153. Textile Product Mills | #plans=103 | avg=0.15%
154. Commercial and Industrial Machinery and Equipment Rental and Leasing | #plans=131 | avg=0.15%
155. Clothing Stores | #plans=152 | avg=0.15%
156. Converted Paper Product Manufacturing | #plans=192 | avg=0.15%
157. Clay Product and Refractory Manufacturing | #plans=31 | avg=0.15%
158. Offices of Physicians | #plans=1,887 | avg=0.15%
159. Other Nonmetallic Mineral Product Manufacturing | #plans=58 | avg=0.14%
160. Other Support Activities for Transportation | #plans=111 | avg=0.14%
161. Spectator Sports | #plans=174 | avg=0.14%
162. Utility System Construction | #plans=107 | avg=0.14%
163. Health and Personal Care Stores | #plans=245 | avg=0.14%
164. Cutlery and Handtool Manufacturing | #plans=59 | avg=0.14%
165. Railroad Rolling Stock Manufacturing | #plans=17 | avg=0.14%
166. Office Supplies, Stationery, and Gift Stores | #plans=46 | avg=0.14%
167. Book Stores and News Dealers | #plans=17 | avg=0.13%
168. Electric Lighting Equipment Manufacturing | #plans=51 | avg=0.13%
169. Water Transportation | #plans=91 | avg=0.13%
170. Glass and Glass Product Manufacturing | #plans=99 | avg=0.13%
171. Coal Mining | #plans=62 | avg=0.13%
172. Amusement Parks and Arcades | #plans=37 | avg=0.13%
173. Other Transportation Equipment Manufacturing | #plans=124 | avg=0.13%
174. Veneer, Plywood, and Engineered Wood Product Manufacturing | #plans=71 | avg=0.13%
175. Grocery Stores | #plans=459 | avg=0.13%
176. Electronic Shopping and Mail-Order Houses | #plans=189 | avg=0.13%
177. Direct Selling Establishments | #plans=139 | avg=0.13%
178. Audio and Video Equipment Manufacturing | #plans=38 | avg=0.12%
179. Sugar and Confectionery Product Manufacturing | #plans=94 | avg=0.12%
180. Nonmetallic Mineral Mining and Quarrying | #plans=106 | avg=0.12%
181. Alumina and Aluminum Production and Processing | #plans=78 | avg=0.12%
182. Travel Arrangement and Reservation Services | #plans=58 | avg=0.12%
183. Other Heavy and Civil Engineering Construction | #plans=238 | avg=0.12%
184. Beverage Manufacturing | #plans=232 | avg=0.12%
185. Telecommunications | #plans=333 | avg=0.12%
186. Support Activities for Mining | #plans=128 | avg=0.12%
187. Specialty Food Stores | #plans=143 | avg=0.12%
188. Advertising, Public Relations, and Related Services | #plans=400 | avg=0.12%
189. Household Appliances and Electrical and Electronic Goods Merchant Wholesalers | #plans=222 | avg=0.12%
190. Architectural, Engineering, and Related Services | #plans=1,566 | avg=0.12%
191. Motor Vehicle Parts Manufacturing | #plans=415 | avg=0.12%
192. Other Professional, Scientific, and Technical Services | #plans=2,208 | avg=0.12%
193. Manufacturing and Reproducing Magnetic and Optical Media | #plans=16 | avg=0.11%
194. Household Appliance Manufacturing | #plans=36 | avg=0.11%
195. Metal and Mineral (except Petroleum) Merchant Wholesalers | #plans=88 | avg=0.11%
196. Electrical Equipment Manufacturing | #plans=95 | avg=0.11%
197. Electric Power Generation, Transmission and Distribution | #plans=239 | avg=0.11%
198. Specialized Freight Trucking | #plans=186 | avg=0.11%
199. Other General Purpose Machinery Manufacturing | #plans=229 | avg=0.11%
200. Support Activities for Road Transportation | #plans=53 | avg=0.11%
201. Other Food Manufacturing | #plans=408 | avg=0.11%
202. Radio and Television Broadcasting | #plans=104 | avg=0.11%
203. Water, Sewage and Other Systems | #plans=67 | avg=0.1%
204. Medical and Diagnostic Laboratories | #plans=191 | avg=0.1%
205. Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers | #plans=229 | avg=0.1%
206. Outpatient Care Centers | #plans=493 | avg=0.1%
207. Management, Scientific, and Technical Consulting Services | #plans=1,091 | avg=0.1%
208. Rubber Product Manufacturing | #plans=143 | avg=0.1%
209. Hospitals | #plans=635 | avg=0.097%
210. Computer Systems Design and Related Services | #plans=2,115 | avg=0.095%
211. Drugs and Druggists' Sundries Merchant Wholesalers | #plans=77 | avg=0.094%
212. Pulp, Paper, and Paperboard Mills | #plans=90 | avg=0.093%
213. Depository Credit Intermediation | #plans=1,763 | avg=0.092%
214. Paper and Paper Product Merchant Wholesalers | #plans=68 | avg=0.091%
215. Industrial Machinery Manufacturing | #plans=276 | avg=0.091%
216. Navigational, Measuring, Electromedical, and Control Instruments Manufacturing | #plans=119 | avg=0.091%
217. Agriculture, Construction, and Mining Machinery Manufacturing | #plans=155 | avg=0.09%
218. Professional and Commercial Equipment and Supplies Merchant Wholesalers | #plans=124 | avg=0.089%
219. Newspaper, Periodical, Book, and Directory Publishers | #plans=287 | avg=0.088%
220. Medical Equipment and Supplies Manufacturing | #plans=338 | avg=0.085%
221. Other Miscellaneous Manufacturing | #plans=1,028 | avg=0.084%
222. Data Processing, Hosting, and Related Services | #plans=245 | avg=0.083%
223. Activities Related to Credit Intermediation | #plans=92 | avg=0.082%
224. Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing | #plans=48 | avg=0.079%
225. Legal Services | #plans=1,149 | avg=0.079%
226. Soap, Cleaning Compound, and Toilet Preparation Manufacturing | #plans=96 | avg=0.078%
227. Agencies, Brokerages, and Other Insurance Related Activities | #plans=602 | avg=0.078%
228. Scientific Research and Development Services | #plans=444 | avg=0.078%
229. Grain and Oilseed Milling | #plans=47 | avg=0.076%
230. Department Stores | #plans=18 | avg=0.076%
231. Hardware Manufacturing | #plans=24 | avg=0.074%
232. Natural Gas Distribution | #plans=68 | avg=0.073%
233. Air Transportation | #plans=191 | avg=0.073%
234. Engine, Turbine, and Power Transmission Equipment Manufacturing | #plans=88 | avg=0.072%
235. General Merchandise Stores, including Warehouse Clubs and Supercenters | #plans=42 | avg=0.072%
236. Other Chemical Product and Preparation Manufacturing | #plans=175 | avg=0.071%
237. Lime and Gypsum Product Manufacturing | #plans=14 | avg=0.069%
238. Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing | #plans=69 | avg=0.069%
239. Fruit and Vegetable Preserving and Specialty Food Manufacturing | #plans=130 | avg=0.069%
240. Software Publishers | #plans=408 | avg=0.069%
241. Cable and Other Subscription Programming | #plans=28 | avg=0.069%
242. Automotive Equipment Rental and Leasing | #plans=30 | avg=0.068%
243. Metal Ore Mining | #plans=38 | avg=0.068%
244. Oil and Gas Extraction | #plans=215 | avg=0.067%
245. Paint, Coating, and Adhesive Manufacturing | #plans=72 | avg=0.065%
246. Securities and Commodity Contracts Intermediation and Brokerage | #plans=191 | avg=0.065%
247. Promoters of Performing Arts, Sports, and Similar Events | #plans=37 | avg=0.064%
248. Farm Product Raw Material Merchant Wholesalers | #plans=60 | avg=0.064%
249. Ship and Boat Building | #plans=78 | avg=0.063%
250. Rail Transportation | #plans=53 | avg=0.062%
251. Building Material and Supplies Dealers | #plans=246 | avg=0.062%
252. Other Financial Investment Activities | #plans=517 | avg=0.06%
253. Other Electrical Equipment and Component Manufacturing | #plans=381 | avg=0.057%
254. Motion Picture and Video Industries | #plans=84 | avg=0.057%
255. Management of Companies and Enterprises | #plans=674 | avg=0.056%
256. Basic Chemical Manufacturing | #plans=137 | avg=0.055%
257. Insurance Carriers | #plans=437 | avg=0.054%
258. Computer and Peripheral Equipment Manufacturing | #plans=133 | avg=0.052%
259. Communications Equipment Manufacturing | #plans=101 | avg=0.051%
260. Semiconductor and Other Electronic Component Manufacturing | #plans=220 | avg=0.05%
261. Pipeline Transportation | #plans=25 | avg=0.042%
262. Other Information Services | #plans=275 | avg=0.042%
263. Other Investment Pools and Funds | #plans=79 | avg=0.042%
264. Securities and Commodity Exchanges | #plans=11 | avg=0.039%
265. Iron and Steel Mills and Ferroalloy Manufacturing | #plans=84 | avg=0.039%
266. Sound Recording Industries | #plans=10 | avg=0.037%
267. Pharmaceutical and Medicine Manufacturing | #plans=311 | avg=0.037%
268. Petroleum and Coal Products Manufacturing | #plans=140 | avg=0.036%
269. Motor Vehicle Manufacturing | #plans=84 | avg=0.029%
270. Tobacco Manufacturing | #plans=28 | avg=0.023%
271. Aerospace Product and Parts Manufacturing | #plans=187 | avg=0.023%