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 | $36,088 | $190,916-81.1% | $160,037-77.5% | $134,545-73.2% |
| Participation rate | 45.0% | 82.0%-37.0pp | 78.0%-33.0pp | 81.2%-36.2pp |
| Annual return | -17.44% | 552.79%-570.2pp | 408.95%-426.4pp | 418.37%-435.8pp |
| Employer contribution / active EE | $2,387 | $4,996-52.2% | $4,226-43.5% | $4,742-49.7% |
| Participant deferral / active EE | $3,666 | $6,925-47.1% | $6,184-40.7% | $6,401-42.7% |
| Admin fee / account holder | $1,855 | $10,497-82.3% | $8,716-78.7% | $11,431-83.8% |