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 | $76,184 | $71,873+6.0% | $86,698-12.1% | $68,490+11.2% |
| Participation rate | 65.6% | 72.2%-6.7pp | 76.6%-11.0pp | 67.9%-2.3pp |
| Annual return | -18.05% | 3.54%-21.6pp | 35.96%-54.0pp | -7.85%-10.2pp |
| Employer contribution / active EE | $2,321 | $2,173+6.8% | $2,837-18.2% | $2,597-10.6% |
| Participant deferral / active EE | $4,654 | $3,779+23.2% | $4,6560% | $4,028+15.6% |
| Admin fee / account holder | $15,781 | $6,110+158.3% | $7,492+110.6% | $5,403+192.1% |