Filed March 18, 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 | $47,881 | $41,854+14.4% | $73,836-35.2% | $52,331-8.5% |
| Participation rate | 43.1% | 66.2%-23.1pp | 73.4%-30.3pp | 68.1%-25.0pp |
| Annual return | -1.48% | 2.11%-3.6pp | 2268.06%-2269.5pp | 4.54%-6.0pp |
| Employer contribution / active EE | $915 | $1,920-52.4% | $2,787-67.2% | $1,882-51.4% |
| Participant deferral / active EE | $1,222 | $2,498-51.1% | $3,583-65.9% | $3,022-59.6% |
| Admin fee / account holder | $4,932 | $493+901.2% | $4,882+1.0% | $592+733.7% |