Filed February 10, 2023
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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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,073 | $73,978-14.7% | $96,515-34.6% | $75,173-16.1% |
| Participation rate | 23.1% | 66.4%-43.4pp | 74.3%-51.3pp | 67.2%-44.1pp |
| Annual return | 13.62% | 26.72%-13.1pp | 35.73%-22.1pp | 160.72%-147.1pp |
| Employer contribution / active EE | $1,543 | $2,931-47.4% | $3,740-58.7% | $2,671-42.2% |
| Participant deferral / active EE | $3,458 | $3,660-5.5% | $4,880-29.1% | $4,126-16.2% |
| Admin fee / account holder | $463 | $5,219-91.1% | $6,735-93.1% | $5,651-91.8% |