Filed August 12, 2022 (most recent of 3 filings on file)
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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 | $83,697 | $88,778-5.7% | $81,844+2.3% | $145,884-42.6% |
| Participation rate | 33.3% | 75.1%-41.7pp | 72.4%-39.0pp | 80.3%-47.0pp |
| Annual return | 12.78% | 1033.03%-1020.2pp | 778.87%-766.1pp | 551.85%-539.1pp |
| Employer contribution / active EE | $6,888 | $3,087+123.1% | $2,916+136.2% | $4,662+47.7% |
| Participant deferral / active EE | $10,757 | $4,648+131.4% | $4,323+148.8% | $6,690+60.8% |
| Admin fee / account holder | $99,279 | $8,430+1077.7% | $7,355+1249.7% | $13,392+641.3% |