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 | $45,801 | $73,978-38.1% | $96,515-52.5% | $75,173-39.1% |
| Participation rate | 45.3% | 66.4%-21.1pp | 74.3%-29.1pp | 67.2%-21.9pp |
| Annual return | 18.04% | 26.72%-8.7pp | 35.73%-17.7pp | 160.72%-142.7pp |
| Employer contribution / active EE | $1,109 | $2,931-62.1% | $3,740-70.3% | $2,671-58.5% |
| Participant deferral / active EE | $2,864 | $3,660-21.8% | $4,880-41.3% | $4,126-30.6% |
| Admin fee / account holder | $1,089 | $5,219-79.1% | $6,735-83.8% | $5,651-80.7% |