Filed November 11, 2021
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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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $4,186 | $52,279-92.0% | $89,400-95.3% | $79,858-94.8% |
| Participation rate | 53.8% | 57.5%-3.7pp | 68.0%-14.1pp | 69.6%-15.8pp |
| Annual return | 28.93% | 22.16%+6.8pp | 245.64%-216.7pp | 31.72%-2.8pp |
| Employer contribution / active EE | $885 | $1,572-43.7% | $2,586-65.8% | $2,471-64.2% |
| Participant deferral / active EE | $1,698 | $2,740-38.0% | $3,890-56.3% | $3,740-54.6% |
| Admin fee / account holder | $984 | $3,356-70.7% | $4,882-79.9% | $5,306-81.5% |