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 | $68,048 | $51,620+31.8% | $90,324-24.7% | $65,186+4.4% |
| Participation rate | 42.5% | 68.6%-26.2pp | 73.3%-30.8pp | 70.2%-27.7pp |
| Annual return | 20.54% | 24.94%-4.4pp | 78.15%-57.6pp | 29.39%-8.8pp |
| Employer contribution / active EE | $1,117 | $2,235-50.0% | $2,856-60.9% | $2,177-48.7% |
| Participant deferral / active EE | $1,690 | $2,871-41.1% | $3,885-56.5% | $3,514-51.9% |
| Admin fee / account holder | $9,174 | $384+2287.2% | $5,356+71.3% | $847+982.8% |