Filed October 14, 2022
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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 | $23,820 | $61,338-61.2% | $149,717-84.1% | $71,495-66.7% |
| Participation rate | 43.4% | 62.5%-19.1pp | 78.8%-35.4pp | 67.9%-24.6pp |
| Annual return | 33.32% | 35.86%-2.5pp | 134.41%-101.1pp | 28.85%+4.5pp |
| Employer contribution / active EE | $1,297 | $2,381-45.5% | $4,820-73.1% | $2,589-49.9% |
| Participant deferral / active EE | $2,324 | $2,919-20.4% | $5,682-59.1% | $4,291-45.8% |
| Admin fee / account holder | $1,560 | $1,263+23.5% | $13,213-88.2% | $1,588-1.7% |