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 | $35,556 | $64,719-45.1% | $112,249-68.3% | $68,486-48.1% |
| Participation rate | 51.6% | 67.2%-15.5pp | 75.1%-23.4pp | 67.9%-16.2pp |
| Annual return | -18.07% | -11.40%-6.7pp | 27.48%-45.6pp | -7.85%-10.2pp |
| Employer contribution / active EE | $1,038 | $2,747-62.2% | $3,636-71.5% | $2,597-60.0% |
| Participant deferral / active EE | $2,489 | $3,565-30.2% | $4,729-47.4% | $4,028-38.2% |
| Admin fee / account holder | $22,336 | $5,232+326.9% | $6,412+248.3% | $5,404+313.3% |