Filed July 12, 2023
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,940 | $31,388-30.1% | $73,550-70.2% | $62,293-64.8% |
| Participation rate | 32.8% | 39.9%-7.1pp | 54.9%-22.1pp | 69.5%-36.7pp |
| Annual return | 13.85% | 25.34%-11.5pp | -15.16%+29.0pp | 28.90%-15.0pp |
| Employer contribution / active EE | $383 | $498-23.0% | $1,219-68.6% | $2,042-81.2% |
| Participant deferral / active EE | $650 | $1,028-36.8% | $1,804-64.0% | $3,169-79.5% |
| Admin fee / account holder | $85 | $299-71.8% | $2,320-96.4% | $479-82.4% |