Filed April 29, 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 | $70,015 | $110,410-36.6% | $102,437-31.7% | $145,897-52.0% |
| Participation rate | 26.1% | 77.9%-51.8pp | 74.5%-48.4pp | 80.3%-54.2pp |
| Annual return | 12.46% | 24.85%-12.4pp | 24.95%-12.5pp | 552.29%-539.8pp |
| Employer contribution / active EE | $1,521 | $4,217-63.9% | $3,871-60.7% | $4,663-67.4% |
| Participant deferral / active EE | $2,008 | $5,622-64.3% | $5,060-60.3% | $6,689-70.0% |
| Admin fee / account holder | $9,602 | $9,745-1.5% | $8,388+14.5% | $13,390-28.3% |