Filed September 20, 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,658 | $49,451-64.3% | $79,580-77.8% | $66,938-73.6% |
| Participation rate | 68.8% | 61.3%+7.4pp | 69.5%-0.7pp | 69.8%-1.1pp |
| Annual return | 4420.45% | 84.25%+4336.2pp | 0.15%+4420.3pp | 1.58%+4418.9pp |
| Employer contribution / active EE | $1,533 | $1,266+21.1% | $2,413-36.5% | $2,545-39.8% |
| Participant deferral / active EE | $2,404 | $3,159-23.9% | $3,985-39.7% | $4,238-43.3% |
| Admin fee / account holder | $1,835 | $595+208.6% | $6,835-73.2% | $594+209.2% |