Filed March 14, 2023
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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 | $102,661 | $95,453+7.6% | $112,040-8.4% | $82,448+24.5% |
| Participation rate | 67.9% | 72.8%-4.9pp | 76.5%-8.6pp | 68.1%-0.2pp |
| Annual return | 14.41% | 23.92%-9.5pp | 24.52%-10.1pp | 41.64%-27.2pp |
| Employer contribution / active EE | $2,350 | $2,318+1.4% | $2,954-20.5% | $2,551-7.9% |
| Participant deferral / active EE | $4,906 | $4,224+16.2% | $5,098-3.8% | $4,139+18.5% |
| Admin fee / account holder | $5,293 | $9,013-41.3% | $12,098-56.2% | $7,234-26.8% |