Filed November 8, 2022 (most recent of 2 filings on file)
Total covered: 3 employees
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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.)
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 | $10,266 | $80,983-87.3% | $96,544-89.4% | $75,177-86.3% |
| Participation rate | 61.3% | 71.8%-10.5pp | 76.0%-14.7pp | 67.2%-5.9pp |
| Annual return | 18.47% | 27.05%-8.6pp | 25.88%-7.4pp | 160.75%-142.3pp |
| Employer contribution / active EE | $949 | $2,282-58.4% | $2,966-68.0% | $2,671-64.5% |
| Participant deferral / active EE | $2,295 | $3,929-41.6% | $4,851-52.7% | $4,126-44.4% |
| Admin fee / account holder | $1,321 | $6,717-80.3% | $8,254-84.0% | $5,651-76.6% |