Filed July 7, 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 | $39,349 | $48,050-18.1% | $96,754-59.3% | $64,340-38.8% |
| Participation rate | 25.0% | 40.6%-15.6pp | 70.3%-45.3pp | 55.2%-30.2pp |
| Annual return | 13.83% | 23.41%-9.6pp | 82.04%-68.2pp | 24.14%-10.3pp |
| Employer contribution / active EE | $1,419 | $1,204+17.9% | $2,679-47.0% | $1,862-23.8% |
| Participant deferral / active EE | $0 | $2,191-100.0% | $4,758-100.0% | $2,980-100.0% |
| Admin fee / account holder | $7,329 | $3,741+95.9% | $8,905-17.7% | $3,703+97.9% |