Filed February 7, 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 | $28,792 | $80,781-64.4% | $102,437-71.9% | $74,478-61.3% |
| Participation rate | 59.8% | 65.7%-5.8pp | 74.5%-14.7pp | 67.2%-7.4pp |
| Annual return | 12.29% | 27.58%-15.3pp | 24.95%-12.7pp | 1370.56%-1358.3pp |
| Employer contribution / active EE | $1,288 | $3,160-59.2% | $3,871-66.7% | $2,626-50.9% |
| Participant deferral / active EE | $2,428 | $3,862-37.1% | $5,060-52.0% | $4,350-44.2% |
| Admin fee / account holder | $8,732 | $2,372+268.1% | $8,388+4.1% | $1,946+348.8% |