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 | $33,489 | $202,440-83.5% | $169,390-80.2% | $139,466-76.0% |
| Participation rate | 39.1% | 81.1%-42.0pp | 77.2%-38.0pp | 80.3%-41.2pp |
| Annual return | 24.79% | 532.36%-507.6pp | 406.07%-381.3pp | 373.66%-348.9pp |
| Employer contribution / active EE | $4,685 | $4,693-0.2% | $4,013+16.8% | $4,754-1.4% |
| Participant deferral / active EE | $6,880 | $6,940-0.9% | $6,222+10.6% | $6,712+2.5% |
| Admin fee / account holder | $1,382 | $10,722-87.1% | $9,015-84.7% | $11,409-87.9% |