Filed January 31, 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 | $31,054 | $29,507+5.2% | $56,025-44.6% | $77,762-60.1% |
| Participation rate | 21.4% | 32.7%-11.4pp | 52.5%-31.1pp | 70.6%-49.2pp |
| Annual return | 13.17% | 18.90%-5.7pp | 1712.69%-1699.5pp | 31.27%-18.1pp |
| Employer contribution / active EE | $145 | $570-74.6% | $1,042-86.1% | $2,728-94.7% |
| Participant deferral / active EE | $647 | $1,062-39.0% | $1,955-66.9% | $4,651-86.1% |
| Admin fee / account holder | $1,815 | $1,041+74.5% | $2,828-35.8% | $433+319.4% |