Filed August 23, 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.
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 | $11,598 | $58,493-80.2% | $84,023-86.2% | $72,976-84.1% |
| Participation rate | 67.4% | 61.2%+6.2pp | 69.0%-1.6pp | 69.5%-2.0pp |
| Annual return | 17.30% | 28.93%-11.6pp | 71.32%-54.0pp | 81.02%-63.7pp |
| Employer contribution / active EE | $259 | $1,163-77.7% | $1,984-86.9% | $2,440-89.4% |
| Participant deferral / active EE | $1,374 | $2,394-42.6% | $3,239-57.6% | $3,608-61.9% |
| Admin fee / account holder | $3,372 | $4,569-26.2% | $6,102-44.7% | $5,124-34.2% |