Filed September 16, 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 | $78,529 | $67,638+16.1% | $133,346-41.1% | $69,733+12.6% |
| Participation rate | 48.7% | 54.3%-5.5pp | 72.8%-24.1pp | 62.5%-13.7pp |
| Annual return | 15.35% | 13.38%+2.0pp | 36.85%-21.5pp | 15.22%+0.1pp |
| Employer contribution / active EE | $1,989 | $1,177+68.9% | $2,853-30.3% | $2,250-11.6% |
| Participant deferral / active EE | $2,913 | $2,567+13.5% | $4,332-32.8% | $3,054-4.6% |
| Admin fee / account holder | $2,607 | $4,814-45.8% | $14,264-81.7% | $3,102-16.0% |