Filed June 24, 2024
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $17,986 | $54,320-66.9% | $67,653-73.4% | $52,331-65.6% |
| Participation rate | 60.8% | 73.6%-12.8pp | 75.7%-14.9pp | 68.1%-7.3pp |
| Annual return | -4.22% | 6.81%-11.0pp | 6625.22%-6629.4pp | 4.54%-8.8pp |
| Employer contribution / active EE | $796 | $1,544-48.4% | $2,266-64.9% | $1,882-57.7% |
| Participant deferral / active EE | $1,681 | $2,950-43.0% | $3,560-52.8% | $3,022-44.4% |
| Admin fee / account holder | $644 | $527+22.3% | $4,821-86.6% | $592+8.9% |