Filed July 28, 2022 (most recent of 2 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 | $64,342 | $41,377+55.5% | $109,313-41.1% | $62,881+2.3% |
| Participation rate | 37.5% | 57.5%-20.0pp | 71.3%-33.8pp | 69.3%-31.8pp |
| Annual return | 7.85% | 11.05%-3.2pp | 22.07%-14.2pp | 20.14%-12.3pp |
| Employer contribution / active EE | $1,389 | $1,276+8.9% | $3,892-64.3% | $2,281-39.1% |
| Participant deferral / active EE | $3,087 | $2,045+50.9% | $3,166-2.5% | $3,203-3.6% |
| Admin fee / account holder | $3,092 | $2,884+7.2% | $5,666-45.4% | $4,296-28.0% |