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 | $160,672 | $87,733+83.1% | $106,554+50.8% | $85,851+87.2% |
| Participation rate | 65.1% | 71.9%-6.9pp | 76.1%-11.1pp | 69.3%-4.2pp |
| Annual return | 15.75% | 21.86%-6.1pp | 26.80%-11.1pp | 318.63%-302.9pp |
| Employer contribution / active EE | $561 | $2,073-72.9% | $2,819-80.1% | $2,565-78.1% |
| Participant deferral / active EE | $2,940 | $3,469-15.2% | $4,398-33.1% | $3,952-25.6% |
| Admin fee / account holder | $3,915 | $6,767-42.1% | $7,408-47.2% | $6,261-37.5% |