State Program Performance Data – Current Year

State Program Performance Data

* Data under each of these sections above is from state auto-IRA programs and cumulative across all programs, unless otherwise noted (e.g., the monthly individual state program specific data).

Monthly State Program Data & Trends

Total Assets by State Program

Assets by Program

Total Funded Accounts by Program


Effective Opt-Out Rate by Program


Average Deferral Rate by Program

Average Monthly Contribution Amount by Program

Total Registered Employers by Program

Total Exempted Employers by Program

Monthly Individual State Program Specific Data & Trends

California

Key Program Metrics Snapshot
(as of July 31, 2022)

Program Performance Indicators, Monthly Percent Change
(as of July 31, 2022)

6/30/22 7/31/22 Percent Change

6/30/22-7/31/22 

Total Assets  $223,049,153 $256,256,844 14.9%
Total Funded Accounts  276,862 299,892  8.3%
Total Withdrawals  $40,893,704 $44,795,475  9.5%
Accounts with Withdrawals  48,693 51,804  6.4%
Average Deferral Rate  5.08% 5.08%
Average Monthly Contribution Amount  $168 $151  -10.2%
Average Funded Account Balance  $806 $854  6.1%
Effective Opt Out Rate  36.64% 37.56%
Total Registered Employers  98,417 103,994 5.7%
Total Added Employee Data  63,474 80,913  27.5%
Total Submitting Payroll Deductions  14,756 19,738  33.8%
Employers Submitting Payroll Deductions (last 90 days) 13,755 18,607 35.3%
Total Exempted Employers 98,086 105,939 8.0%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

Key Program Metrics Snapshot
(as of July 31, 2022)

Program Performance Indicators, Monthly Percent Change 
(as of July 31, 2022)

6/30/22 7/31/22 Percent Change

6/30/22-7/31/22 

Total Assets  $82,742,993 $90,449,205 9.3%
Total Funded Accounts  105,459 106,394 0.89%
Total Withdrawals  $22,369,317 $23,647,870 5.7%
Accounts with Withdrawals  24,625 25,216 2.4%
Average Deferral Rate  5.56% 5.56%
Average Monthly Contribution Amount  $135.14 $139.34 3.1%
Average Funded Account Balance  $784.60 $850.13 8.4%
Effective Opt Out Rate  32.80% 32.75%
Total Registered Employers  6,498 6,624 1.9%
Employers That Added Employee Data  4,450 4,500 1.1%
Total Submitting Payroll Deductions  3,107 3,138 1.0%
Employers Submitting Payroll Deductions (last 90 days)  2,333 2,334 0.04%
Total Exempted Employers  12,894 13,342 3.5%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

Key Program Metrics Snapshot
(as of June 30, 2022)

Program Performance Indicators, Monthly Percent Change 
(as of June 30, 2022)

  5/31/22 6/30/22 Percent Change  – 5/31/22-6/30/22
Total Assets $151,300,357 $146,004,291 -3.50%
Total Funded Accounts 114,311 115,046 0.64%
Total Withdrawals $51,581,407 $54,286,395 5.24%
Accounts with Withdrawals 26,328 27,577 4.74%
Average Deferral Rate 6.2% 6.2%
Average Monthly Contribution Amount $148 $176 18.24%
Average Funded Account Balance $1,324 $1,269 -4.08%
Opt-Out Action Rate 25.6% 25.3%
Total Registered Employers 16,949 17,037 0.52%
Employers That Added Employee Data 15,032 15,146 0.76%
Employers Submitting Payroll Deductions (Past 90 days) 5,280 5,252 -0.53%
Exempted Employers 32,804 33,005 0.61%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Monthly Cumulative State Program Performance Metrics (CA, IL, and OR)

Key Program Metrics Snapshot (CA, IL and OR)
(as of June 30, 2022)

Program Performance Indicators
Monthly Percent Change
(as of June 30, 2022)

5/31/22 6/30/22  Percent Change -5/31/22-6/30/22
Total Assets $459,407,181 $451,796,438 -1.66%
Total Funded Accounts 481,122 497,367 3.38%
Total Registered Employers 79,978 121,952 52.48%
Employers That Added Employee Data 57,580 83,070 44.27%
Employers Submitting Payroll Deductions (Past 90 Days) 18,976 21,340 12.46%
Exempted Employers 132,111 143,985 8.99%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Massachusetts
Key Program Metrics Snapshot
(as of June 30, 2022)

Washington
Key Program Metrics Snapshot
(as of June 2020)

Quarterly State Program Performance Data & Trends

California

Download full chart (PDF)

6/30/21 12/31/21 Percent Change 6/30/21-12/31/21 3/31/22 6/30/22 Percent Change 3/31/22-6/30/22 Percent Change

6/30/21-6/30/22
Total Assets $90,144,631 $173,022,007 91.94% $204,725,602 $223,049,153 8.95% 147.44%
Total Funded Accounts 158,335 217,892 37.61% 243,394 276,862 13.75% 74.86%
Total Withdrawals $8,681,689 $20,493,838 136.06% $30,065,635 $40,893,704 36.01% 371.04%
Accounts with Withdrawals 20,419 32,923 61.24% 40,689 48,693 19.67% 138.47%
Average Deferral Rate 5.09% 5.02% 5.12% 5.08%
Average Monthly Contribution Amount $142.73 $150 5.09% $164 $168 2.44% 17.70%
Average Funded Account Balance $569.14 $794 39.51% $841 $806 -4.34% 41.62%
Effective Opt Out Rates 29.96% 29.74% 31.01% 36.64%
Total Registered Employers 12,886 23,203 80.06% 38,215 98,417 157.53% 663.75%
Total Added Employee Data 8,236 15,008 82.22% 24,133 63,474 163.02% 670.69%
Total Submitting Payroll Deductions 4,312 7,059 63.71% 9,635 14,756 53.15% 242.21%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

Download full chart (PDF)

6/30/21 12/31/21 Percent Change 6/30/21-12/31/21 3/31/22 6/30/22 Percent Change 3/31/22-6/30/22 Percent Change

6/30/21-6/30/22
Total Assets $67,073,057 $84,871,970 26.54% $87,253,470 $82,742,994 -5.17% 23.36%
Total Funded Accounts 90,403 99,082 9.60% 102,664 105,459 2.72% 16.65%
Total Withdrawals $10,333,863 $15,539,645 50.38% $19,105,042 $22,369,318 17.09% 116.47%
Accounts with Withdrawals 17,495 20,796 18.87% 22,995 24,625 7.09% 40.75%
Average Deferral Rate 5.04% 5.05% 5.58% 5.56%
Average Monthly Contribution Amount $114.90 $118.19 2.86% $129.72 $135.14 4.18% 17.62%
Average Funded Account Balance $741.93 $856.58 15.45% $849.89 $784.60 -7.68% 5.75%
Effective Opt Out Rates 34.01% 33.30% 32.97% 32.80%
Total Registered Employers 6,060 6,408 5.74% 6,414 6,498 1.31% 7.23%
Total Added Employee Data 4,033 4,315 6.99% 4,349 4,450 2.32% 10.34%
Total Submitting Payroll Deductions 2,837 2,973 4.79% 3,077 3,107 0.97% 9.52%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

Download full chart (PDF)

6/30/21 12/31/21 Percent Change 6/30/21-12/31/21 3/31/22 6/30/22 Percent Change 3/31/22-6/30/22 Percent Change

6/30/21-6/30/22
Total Assets $118,898,674 $150,010,539 26.17% $153,896,905 $146,004,291 -5.13% 23.36%
Total Funded Accounts 110,047 112,689 2.40% 114,844 115,046 0.18% 4.54%
Total Withdrawals $28,973,811 $39,274,450 35.55% $46,496,605 $54,286,395 16.75% 87.36%
Accounts with Withdrawals 24,258 20,314 -16.26% 23,863 27,577 15.56% 13.68%
Average Deferral Rate 5.50% 5.60% 6.30% 6.20%
Average Monthly Contribution Amount $131 $166 26.72% $171 $176 2.92% 34.35%
Average Funded Account Balance $1,080 $1,331 23.24% $1,340 $1,269 -5.30% 17.50%
Effective Opt Out Rates 32.20% *N/A 26.1%1 25.6%1
Total Registered Employers 16,969 17,025 0.33% 16,984 17,037 0.31% 0.40%
Total Added Employee Data 14,820 14,931 0.75% 14,959 15,146 1.25% 2.20%
Total Submitting Payroll Deductions 7,549 *N/A *N/A 5,3382 5,2802 *N/A *N/A
1In March 2022, OregonSaves began reporting an Opt-Out Action Rate defined as percentage of savers who opt out in the first 30 days.

2Oregon replaced Total submitting Payroll Contributions with Actively Submitting Payroll (Past 90 Days) on March 30, 2022.
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Quarterly Cumulative State Program Performance Metrics (CA, IL, and OR)

Download full chart (PDF)

  6/30/21 12/31/21 Percent Change 6/30/21-12/31/21 3/31/22 6/30/22 Percent Change 3/31/22-6/30/22 Percent Change 6/30/21-6/30/22
Total Assets $276,116,362 $407,904,516 47.73% $445,875,977 $451,796,438 1.33% 63.63%
Total Funded Accounts 358,785 429,663 19.76% 460,902 497,367 7.91% 38.63%
Total Registered Employers 35,915 46,636 29.85% 61,613 121,952 97.93% 239.56%
Total Added Employee Data 27,089 34,254 26.45% 43,441 83,070 91.22% 206.66%
Total Submitting Payroll Deductions 14,698 10,032*
CA and IL only		 *N/A 18,0501 23,1431 28.22% 57.46%
1Oregon replaced Total submitting Payroll Contributions with Actively Submitting Payroll (Past 90 Days) on March 30, 2022.

Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Semi-Annual and Annual State Program Performance Data & Trends

Semi-Annual and Annual State Program Performance Metrics (CA, IL, and OR)

6/30/21 12/31/21 Percent Change 6/30/21-12/31/21 6/30/22 Percent Change 12/31/21-6/30/22 Percent Change 6/30/21-6/30/22
Total Assets $276,116,362 $407,904,516 47.73% $451,796,438 10.76% 63.63%
Total Funded Accounts 358,785 429,663 19.76% 497,367 15.76% 38.63%
Total Registered Employers 35,915 46,636 29.85% 121,952 161.50% 239.56%
Total Added Employee Data 27,089 34,254 26.45% 83,070 142.51% 206.66%
Total Submitting Payroll Deductions 14,698 10,032*
CA and IL only		 *N/A 23,1431 *N/A 57.46%
1Oregon replaced Total submitting Payroll Contributions with Actively Submitting Payroll (Past 90 Days) on March 30, 2022.

Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.
© Copyright 2022, Georgetown University. View complete copyright and reprint policies.