Filed November 30, 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 | $31,044 | $72,177-57.0% | $115,038-73.0% | $59,633-47.9% |
| Participation rate | 46.2% | 72.6%-26.4pp | 81.4%-35.2pp | 68.7%-22.5pp |
| Annual return | -1.89% | 12.02%-13.9pp | 26.14%-28.0pp | 2041.45%-2043.3pp |
| Employer contribution / active EE | $1,389 | $2,841-51.1% | $4,608-69.9% | $2,203-36.9% |
| Participant deferral / active EE | $2,707 | $4,783-43.4% | $6,026-55.1% | $3,192-15.2% |
| Admin fee / account holder | $1,059 | $4,927-78.5% | $8,175-87.1% | $4,297-75.4% |