Filed December 30, 2021
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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 | $217,788 | $185,883+17.2% | $170,043+28.1% | $139,466+56.2% |
| Participation rate | 57.1% | 87.8%-30.6pp | 87.0%-29.9pp | 80.3%-23.2pp |
| Annual return | 22.86% | 60.54%-37.7pp | 53.40%-30.5pp | 373.66%-350.8pp |
| Employer contribution / active EE | $0 | $7,596-100.0% | $6,790-100.0% | $4,754-100.0% |
| Participant deferral / active EE | $11,750 | $11,626+1.1% | $10,410+12.9% | $6,712+75.1% |
| Admin fee / account holder | $2,548 | $15,393-83.4% | $12,824-80.1% | $11,409-77.7% |