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 | $75,871 | $74,535+1.8% | $100,712-24.7% | $82,637-8.2% |
| Participation rate | 40.0% | 61.2%-21.2pp | 69.3%-29.3pp | 68.1%-28.1pp |
| Annual return | 14.59% | 18.92%-4.3pp | 33.27%-18.7pp | 53.51%-38.9pp |
| Employer contribution / active EE | $867 | $1,503-42.3% | $2,313-62.5% | $2,552-66.0% |
| Participant deferral / active EE | $2,748 | $3,074-10.6% | $4,085-32.7% | $4,126-33.4% |
| Admin fee / account holder | $8,131 | $6,576+23.6% | $9,256-12.2% | $7,339+10.8% |