Filed August 3, 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 | $48,314 | $227,597-78.8% | $189,575-74.5% | $167,536-71.2% |
| Participation rate | 54.5% | 82.5%-28.0pp | 78.4%-23.9pp | 82.1%-27.6pp |
| Annual return | 21.73% | 78.44%-56.7pp | 64.19%-42.5pp | 478.82%-457.1pp |
| Employer contribution / active EE | $2,834 | $5,316-46.7% | $4,412-35.8% | $4,839-41.4% |
| Participant deferral / active EE | $6,197 | $7,002-11.5% | $6,174+0.4% | $6,342-2.3% |
| Admin fee / account holder | $465 | $11,877-96.1% | $9,806-95.3% | $12,315-96.2% |