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 | $58,012 | $44,873+29.3% | $79,467-27.0% | $56,289+3.1% |
| Participation rate | 50.0% | 68.7%-18.7pp | 73.3%-23.3pp | 69.9%-19.9pp |
| Annual return | -6.98% | 0.81%-7.8pp | 718.30%-725.3pp | -9.96%+3.0pp |
| Employer contribution / active EE | $1,085 | $2,140-49.3% | $2,800-61.3% | $2,111-48.6% |
| Participant deferral / active EE | $1,692 | $2,746-38.4% | $3,704-54.3% | $3,350-49.5% |
| Admin fee / account holder | $1,475 | $418+252.4% | $5,104-71.1% | $521+183.0% |