Filed September 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 | $135,010 | $81,208+66.3% | $98,920+36.5% | $79,856+69.1% |
| Participation rate | 62.5% | 72.5%-10.0pp | 76.0%-13.5pp | 69.6%-7.1pp |
| Annual return | 23.36% | 60.99%-37.6pp | 196.47%-173.1pp | 31.71%-8.4pp |
| Employer contribution / active EE | $469 | $1,960-76.0% | $2,689-82.5% | $2,471-81.0% |
| Participant deferral / active EE | $2,438 | $3,265-25.3% | $4,245-42.6% | $3,741-34.8% |
| Admin fee / account holder | $589 | $6,013-90.2% | $6,643-91.1% | $5,306-88.9% |