Filed February 8, 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.)
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 | $16,327 | $153,769-89.4% | $133,975-87.8% | $273,972-94.0% |
| Participation rate | 50.0% | 88.4%-38.4pp | 87.1%-37.1pp | 83.0%-33.0pp |
| Annual return | 13.89% | 36.51%-22.6pp | 29.29%-15.4pp | 41.46%-27.6pp |
| Employer contribution / active EE | $1,882 | $6,029-68.8% | $5,211-63.9% | $4,869-61.3% |
| Participant deferral / active EE | $2,924 | $6,958-58.0% | $6,282-53.5% | $5,287-44.7% |
| Admin fee / account holder | $32,720 | $11,765+178.1% | $9,324+250.9% | $10,133+222.9% |