Filed October 24, 2022
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 5-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.
Employer 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 | $24,911 | $100,194-75.1% | $122,979-79.7% | $86,983-71.4% |
| Participation rate | 67.9% | 73.0%-5.1pp | 77.2%-9.3pp | 69.5%-1.7pp |
| Annual return | 15.74% | 16.47%-0.7pp | 20.12%-4.4pp | 25.83%-10.1pp |
| Employer contribution / active EE | $0 | $2,326-100.0% | $3,062-100.0% | $2,584-100.0% |
| Participant deferral / active EE | $3,489 | $4,133-15.6% | $5,003-30.3% | $4,194-16.8% |
| Admin fee / account holder | $8,084 | $10,148-20.3% | $12,864-37.2% | $7,856+2.9% |