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 | $40,111 | $48,364-17.1% | $71,796-44.1% | $62,881-36.2% |
| Participation rate | 52.9% | 60.6%-7.7pp | 69.1%-16.2pp | 69.3%-16.4pp |
| Annual return | 7.54% | 13.16%-5.6pp | 78.04%-70.5pp | 20.14%-12.6pp |
| Employer contribution / active EE | $561 | $1,042-46.2% | $1,924-70.9% | $2,281-75.4% |
| Participant deferral / active EE | $1,668 | $2,091-20.2% | $2,794-40.3% | $3,203-47.9% |
| Admin fee / account holder | $8,907 | $3,771+136.2% | $4,815+85.0% | $4,296+107.3% |