Filed November 22, 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 | $52,207 | $51,631+1.1% | $129,397-59.7% | $80,925-35.5% |
| Participation rate | 50.0% | 56.9%-6.9pp | 69.6%-19.6pp | 67.7%-17.7pp |
| Annual return | 12.10% | 20.77%-8.7pp | 9453.98%-9441.9pp | 35.65%-23.6pp |
| Employer contribution / active EE | $954 | $1,583-39.7% | $4,154-77.0% | $2,756-65.4% |
| Participant deferral / active EE | $1,718 | $2,670-35.7% | $4,167-58.8% | $4,299-60.0% |
| Admin fee / account holder | $1,520 | $4,309-64.7% | $7,679-80.2% | $6,940-78.1% |