Filed May 30, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 6-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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,344 | $57,119-64.4% | $85,187-76.1% | $80,935-74.9% |
| Participation rate | 34.5% | 56.4%-21.9pp | 67.5%-33.0pp | 67.7%-33.1pp |
| Annual return | 13.15% | 21.70%-8.5pp | 66.67%-53.5pp | 35.66%-22.5pp |
| Employer contribution / active EE | $664 | $1,802-63.2% | $2,732-75.7% | $2,757-75.9% |
| Participant deferral / active EE | $1,392 | $3,115-55.3% | $4,525-69.2% | $4,299-67.6% |
| Admin fee / account holder | $8,333 | $4,990+67.0% | $6,162+35.2% | $6,924+20.3% |