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 | $67,350 | $59,456+13.3% | $93,669-28.1% | $74,429-9.5% |
| Participation rate | 44.9% | 59.6%-14.7pp | 68.7%-23.8pp | 67.2%-22.3pp |
| Annual return | 11.28% | 82.00%-70.7pp | 133.59%-122.3pp | 1368.38%-1357.1pp |
| Employer contribution / active EE | $515 | $1,266-59.3% | $2,424-78.8% | $2,625-80.4% |
| Participant deferral / active EE | $2,311 | $3,052-24.3% | $4,416-47.7% | $4,348-46.9% |
| Admin fee / account holder | $13,815 | $3,026+356.6% | $8,291+66.6% | $1,944+610.5% |