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 | $35,991 | $64,909-44.6% | $82,312-56.3% | $62,293-42.2% |
| Participation rate | 58.0% | 74.9%-16.9pp | 76.9%-18.9pp | 69.5%-11.5pp |
| Annual return | 29.66% | 21.18%+8.5pp | 25.88%+3.8pp | 28.90%+0.8pp |
| Employer contribution / active EE | $1,577 | $1,676-5.9% | $2,428-35.1% | $2,042-22.8% |
| Participant deferral / active EE | $3,289 | $3,103+6.0% | $3,706-11.3% | $3,169+3.8% |
| Admin fee / account holder | $1,127 | $440+156.3% | $5,608-79.9% | $479+135.1% |