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 | $69,763 | $53,128+31.3% | $86,582-19.4% | $70,126-0.5% |
| Participation rate | 39.3% | 65.3%-26.0pp | 73.5%-34.2pp | 69.5%-30.2pp |
| Annual return | 17.17% | 27.66%-10.5pp | 965.08%-947.9pp | 73.15%-56.0pp |
| Employer contribution / active EE | $2,329 | $2,068+12.6% | $2,839-18.0% | $2,343-0.6% |
| Participant deferral / active EE | $4,104 | $2,695+52.3% | $3,609+13.7% | $3,332+23.2% |
| Admin fee / account holder | $1,052 | $3,584-70.6% | $4,904-78.5% | $4,645-77.3% |