Filed August 24, 2022
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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 | $56,766 | $48,078+18.1% | $78,676-27.8% | $62,881-9.7% |
| Participation rate | 47.1% | 65.2%-18.1pp | 73.6%-26.5pp | 69.3%-22.2pp |
| Annual return | 6.61% | 31.36%-24.7pp | 62.19%-55.6pp | 20.14%-13.5pp |
| Employer contribution / active EE | $2,553 | $2,015+26.7% | $2,850-10.4% | $2,281+11.9% |
| Participant deferral / active EE | $4,701 | $2,587+81.7% | $3,517+33.7% | $3,203+46.8% |
| Admin fee / account holder | $4,737 | $3,206+47.8% | $4,510+5.0% | $4,296+10.3% |