Filed May 4, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,785 | $77,816-74.6% | $123,552-84.0% | $64,173-69.2% |
| Participation rate | 17.7% | 74.7%-57.0pp | 82.3%-64.6pp | 69.6%-51.8pp |
| Annual return | 61.65% | 12.49%+49.2pp | 119.20%-57.6pp | 7.63%+54.0pp |
| Employer contribution / active EE | $0 | $3,014-100.0% | $4,628-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $1,151 | $5,240-78.0% | $6,426-82.1% | $3,470-66.8% |
| Admin fee / account holder | $556 | $5,519-89.9% | $9,285-94.0% | $4,887-88.6% |