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 | $48,011+44.5% | $63,803+8.7% | $82,637-16.1% |
| Participation rate | 54.7% | 66.6%-11.9pp | 72.7%-18.0pp | 68.1%-13.3pp |
| Annual return | 23.04% | 19.84%+3.2pp | 543.72%-520.7pp | 53.51%-30.5pp |
| Employer contribution / active EE | $720 | $1,904-62.2% | $2,532-71.6% | $2,552-71.8% |
| Participant deferral / active EE | $1,829 | $2,846-35.7% | $3,843-52.4% | $4,126-55.7% |
| Admin fee / account holder | $6,323 | $3,873+63.2% | $5,196+21.7% | $7,339-13.8% |