Filed August 26, 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 | $30,342 | $80,731-62.4% | $103,374-70.6% | $74,546-59.3% |
| Participation rate | 36.7% | 65.7%-28.9pp | 74.5%-37.8pp | 67.2%-30.5pp |
| Annual return | 13.67% | 27.56%-13.9pp | 24.89%-11.2pp | 1366.03%-1352.4pp |
| Employer contribution / active EE | $1,551 | $3,158-50.9% | $3,869-59.9% | $2,624-40.9% |
| Participant deferral / active EE | $3,047 | $3,860-21.1% | $5,058-39.8% | $4,347-29.9% |
| Admin fee / account holder | $2,611 | $2,369+10.2% | $8,394-68.9% | $1,944+34.3% |