Filed January 26, 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 | $12,006 | $43,333-72.3% | $59,883-80.0% | $64,181-81.3% |
| Participation rate | 45.1% | 69.2%-24.1pp | 74.7%-29.6pp | 69.6%-24.5pp |
| Annual return | -3.12% | -1.55%-1.6pp | 3.46%-6.6pp | 7.63%-10.8pp |
| Employer contribution / active EE | $1,260 | $2,029-37.9% | $2,722-53.7% | $2,381-47.1% |
| Participant deferral / active EE | $0 | $2,547-100.0% | $3,402-100.0% | $3,470-100.0% |
| Admin fee / account holder | $674 | $3,006-77.6% | $3,591-81.2% | $4,887-86.2% |