Filed April 4, 2022
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 9-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 | $3,766 | $76,550-95.1% | $123,894-97.0% | $62,881-94.0% |
| Participation rate | 14.7% | 73.0%-58.3pp | 81.4%-66.7pp | 69.3%-54.6pp |
| Annual return | 0.00% | 18.67%-18.7pp | 47.52%-47.5pp | 20.14%-20.1pp |
| Employer contribution / active EE | $0 | $2,882-100.0% | $4,617-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $852 | $4,840-82.4% | $5,984-85.8% | $3,203-73.4% |
| Admin fee / account holder | $432 | $4,826-91.0% | $8,357-94.8% | $4,296-89.9% |