Filed July 19, 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.
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,102 | $138,385-63.8% | $184,200-72.8% | $80,874-38.0% |
| Participation rate | 48.2% | 83.9%-35.7pp | 86.8%-38.6pp | 67.6%-19.5pp |
| Annual return | 19.03% | 20.02%-1.0pp | 28.80%-9.8pp | 35.62%-16.6pp |
| Employer contribution / active EE | $1,502 | $4,849-69.0% | $6,424-76.6% | $2,756-45.5% |
| Participant deferral / active EE | $3,175 | $7,073-55.1% | $9,132-65.2% | $4,297-26.1% |
| Admin fee / account holder | $2,710 | $10,483-74.1% | $13,907-80.5% | $6,935-60.9% |