State Program Performance Data – Current Year
- Monthly State Program Data & Trends
- Monthly Individual State Program Specific Data & Trends
- Quarterly State Program Performance Data & Trends
- Annual and Semi-Annual State Program Performance Data & Trends
* 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
Monthly Individual State Program Specific Data & Trends
California
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
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
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)
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. |
Quarterly State Program Performance Data & Trends
California
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
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
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. |
Quarterly Cumulative State Program Performance Metrics (CA, IL, and OR)
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. |