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.
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 | $16,541 | $87,834-81.2% | $133,975-87.7% | $62,881-73.7% |
| Participation rate | 49.0% | 83.4%-34.4pp | 87.1%-38.0pp | 69.3%-20.3pp |
| Annual return | 6.07% | 12.05%-6.0pp | 29.29%-23.2pp | 20.14%-14.1pp |
| Employer contribution / active EE | $1,905 | $3,482-45.3% | $5,211-63.4% | $2,281-16.5% |
| Participant deferral / active EE | $1,646 | $4,812-65.8% | $6,282-73.8% | $3,203-48.6% |
| Admin fee / account holder | $1,632 | $5,372-69.6% | $9,324-82.5% | $4,296-62.0% |