Filed September 8, 2021
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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 | $69,353 | $51,184+35.5% | $66,439+4.4% | $86,983-20.3% |
| Participation rate | 54.7% | 68.5%-13.8pp | 74.5%-19.8pp | 69.5%-14.8pp |
| Annual return | 23.04% | 17.07%+6.0pp | 757.66%-734.6pp | 25.83%-2.8pp |
| Employer contribution / active EE | $720 | $2,023-64.4% | $2,637-72.7% | $2,584-72.1% |
| Participant deferral / active EE | $1,829 | $2,927-37.5% | $3,876-52.8% | $4,194-56.4% |
| Admin fee / account holder | $6,323 | $4,154+52.2% | $6,173+2.4% | $7,856-19.5% |