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 | $63,647 | $73,988-14.0% | $96,538-34.1% | $75,177-15.3% |
| Participation rate | 26.2% | 66.4%-40.2pp | 74.3%-48.2pp | 67.2%-41.0pp |
| Annual return | 17.58% | 26.73%-9.2pp | 35.74%-18.2pp | 160.75%-143.2pp |
| Employer contribution / active EE | $1,539 | $2,930-47.5% | $3,740-58.9% | $2,671-42.4% |
| Participant deferral / active EE | $3,106 | $3,660-15.1% | $4,880-36.4% | $4,126-24.7% |
| Admin fee / account holder | $12,317 | $5,220+136.0% | $6,737+82.8% | $5,651+117.9% |