Filed August 9, 2022 (most recent of 2 filings on file)
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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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,926 | $75,541-19.3% | $152,093-59.9% | $82,637-26.3% |
| Participation rate | 27.7% | 66.5%-38.8pp | 77.8%-50.1pp | 68.1%-40.3pp |
| Annual return | 9.98% | 32.56%-22.6pp | 66.36%-56.4pp | 53.51%-43.5pp |
| Employer contribution / active EE | $1,388 | $2,622-47.1% | $4,175-66.7% | $2,552-45.6% |
| Participant deferral / active EE | $1,297 | $3,206-59.5% | $5,451-76.2% | $4,126-68.6% |
| Admin fee / account holder | $3,946 | $6,405-38.4% | $14,497-72.8% | $7,339-46.2% |