Filed November 29, 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 | $67,270 | $71,215-5.5% | $93,696-28.2% | $80,935-16.9% |
| Participation rate | 41.0% | 60.4%-19.4pp | 68.7%-27.7pp | 67.7%-26.7pp |
| Annual return | 12.44% | 11.27%+1.2pp | 133.74%-121.3pp | 35.66%-23.2pp |
| Employer contribution / active EE | $1,001 | $1,565-36.0% | $2,422-58.7% | $2,757-63.7% |
| Participant deferral / active EE | $2,774 | $4,037-31.3% | $4,417-37.2% | $4,299-35.5% |
| Admin fee / account holder | $7,371 | $6,958+5.9% | $8,287-11.0% | $6,924+6.5% |