Filed February 27, 2023
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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 | $36,615 | $51,631-29.1% | $129,397-71.7% | $80,925-54.8% |
| Participation rate | 42.9% | 56.9%-14.1pp | 69.6%-26.8pp | 67.7%-24.8pp |
| Annual return | 11.18% | 20.77%-9.6pp | 9453.98%-9442.8pp | 35.65%-24.5pp |
| Employer contribution / active EE | $655 | $1,583-58.6% | $4,154-84.2% | $2,756-76.2% |
| Participant deferral / active EE | $1,202 | $2,670-55.0% | $4,167-71.2% | $4,299-72.0% |
| Admin fee / account holder | $2,747 | $4,309-36.2% | $7,679-64.2% | $6,940-60.4% |