Filed December 2, 2022
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 | $18,258 | $76,551-76.1% | $123,894-85.3% | $62,881-71.0% |
| Participation rate | 50.7% | 73.0%-22.3pp | 81.4%-30.7pp | 69.3%-18.6pp |
| Annual return | 11.00% | 18.68%-7.7pp | 47.52%-36.5pp | 20.14%-9.1pp |
| Employer contribution / active EE | $925 | $2,882-67.9% | $4,617-80.0% | $2,281-59.5% |
| Participant deferral / active EE | $1,700 | $4,840-64.9% | $5,984-71.6% | $3,203-46.9% |
| Admin fee / account holder | $416 | $4,826-91.4% | $8,357-95.0% | $4,296-90.3% |