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 | $63,494 | $50,637+25.4% | $86,582-26.7% | $62,293+1.9% |
| Participation rate | 42.5% | 67.9%-25.4pp | 73.5%-31.1pp | 69.5%-27.1pp |
| Annual return | 17.53% | 20.80%-3.3pp | 965.08%-947.5pp | 28.90%-11.4pp |
| Employer contribution / active EE | $876 | $2,075-57.8% | $2,839-69.2% | $2,042-57.1% |
| Participant deferral / active EE | $1,223 | $2,611-53.2% | $3,609-66.1% | $3,169-61.4% |
| Admin fee / account holder | $1,267 | $413+206.6% | $4,904-74.2% | $479+164.4% |