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 | $37,183 | $73,978-49.7% | $96,515-61.5% | $75,173-50.5% |
| Participation rate | 54.1% | 66.4%-12.3pp | 74.3%-20.3pp | 67.2%-13.1pp |
| Annual return | 16.00% | 26.72%-10.7pp | 35.73%-19.7pp | 160.72%-144.7pp |
| Employer contribution / active EE | $1,425 | $2,931-51.4% | $3,740-61.9% | $2,671-46.7% |
| Participant deferral / active EE | $3,289 | $3,660-10.1% | $4,880-32.6% | $4,126-20.3% |
| Admin fee / account holder | $4,067 | $5,219-22.1% | $6,735-39.6% | $5,651-28.0% |