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 | $19,848 | $43,344-54.2% | $59,899-66.9% | $64,173-69.1% |
| Participation rate | 68.0% | 69.2%-1.2pp | 74.7%-6.7pp | 69.6%-1.6pp |
| Annual return | 12.59% | -1.55%+14.1pp | 3.46%+9.1pp | 7.63%+5.0pp |
| Employer contribution / active EE | $0 | $2,030-100.0% | $2,723-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $3,053 | $2,547+19.8% | $3,402-10.3% | $3,470-12.0% |
| Admin fee / account holder | $1,178 | $3,008-60.8% | $3,592-67.2% | $4,887-75.9% |