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 | $31,326 | $51,202-38.8% | $70,548-55.6% | $75,181-58.3% |
| Participation rate | 41.6% | 61.0%-19.4pp | 68.3%-26.8pp | 67.2%-25.6pp |
| Annual return | 20.41% | 30.05%-9.6pp | 32.78%-12.4pp | 160.69%-140.3pp |
| Employer contribution / active EE | $431 | $1,827-76.4% | $2,975-85.5% | $2,671-83.9% |
| Participant deferral / active EE | $2,217 | $2,850-22.2% | $4,567-51.5% | $4,126-46.3% |
| Admin fee / account holder | $1,959 | $4,094-52.1% | $6,424-69.5% | $5,650-65.3% |