Filed March 31, 2023
Total covered: 7 employees
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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 | $22,685 | $55,713-59.3% | $75,901-70.1% | $72,975-68.9% |
| Participation rate | 41.8% | 61.1%-19.4pp | 69.3%-27.5pp | 69.5%-27.7pp |
| Annual return | 16.88% | 27.60%-10.7pp | 30.76%-13.9pp | 81.01%-64.1pp |
| Employer contribution / active EE | $414 | $1,687-75.4% | $2,501-83.4% | $2,440-83.0% |
| Participant deferral / active EE | $1,629 | $2,634-38.1% | $3,603-54.8% | $3,608-54.8% |
| Admin fee / account holder | $2,049 | $3,980-48.5% | $5,420-62.2% | $5,124-60.0% |