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 | $111,814-37.4% | $103,374-32.3% | $145,959-52.0% |
| Participation rate | 26.1% | 77.9%-51.8pp | 74.5%-48.4pp | 80.3%-54.2pp |
| Annual return | 12.46% | 24.77%-12.3pp | 24.89%-12.4pp | 561.95%-549.5pp |
| Employer contribution / active EE | $1,521 | $4,214-63.9% | $3,869-60.7% | $4,661-67.4% |
| Participant deferral / active EE | $2,008 | $5,618-64.3% | $5,058-60.3% | $6,689-70.0% |
| Admin fee / account holder | $9,602 | $9,754-1.6% | $8,394+14.4% | $13,398-28.3% |