Filed October 27, 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 | $31,659 | $64,719-51.1% | $112,249-71.8% | $68,486-53.8% |
| Participation rate | 50.0% | 67.2%-17.2pp | 75.1%-25.1pp | 67.9%-17.9pp |
| Annual return | -17.31% | -11.40%-5.9pp | 27.48%-44.8pp | -7.85%-9.5pp |
| Employer contribution / active EE | $1,269 | $2,747-53.8% | $3,636-65.1% | $2,597-51.1% |
| Participant deferral / active EE | $2,720 | $3,565-23.7% | $4,729-42.5% | $4,028-32.5% |
| Admin fee / account holder | $2,927 | $5,232-44.1% | $6,412-54.4% | $5,404-45.8% |