Filed December 11, 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 | $121,376 | $72,404+67.6% | $110,243+10.1% | $64,173+89.1% |
| Participation rate | 50.7% | 73.3%-22.6pp | 79.8%-29.1pp | 69.6%-18.8pp |
| Annual return | -5.98% | -6.29%+0.3pp | 314.76%-320.7pp | 7.63%-13.6pp |
| Employer contribution / active EE | $902 | $2,282-60.5% | $3,827-76.4% | $2,381-62.1% |
| Participant deferral / active EE | $3,009 | $3,469-13.3% | $4,672-35.6% | $3,470-13.3% |
| Admin fee / account holder | $394 | $5,664-93.0% | $8,548-95.4% | $4,887-91.9% |