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 | $51,606+1.2% | $129,339-59.6% | $80,911-35.5% |
| Participation rate | 50.0% | 57.0%-7.0pp | 69.6%-19.6pp | 67.6%-17.6pp |
| Annual return | 12.10% | 20.76%-8.7pp | 9437.05%-9425.0pp | 35.63%-23.5pp |
| Employer contribution / active EE | $954 | $1,582-39.7% | $4,154-77.0% | $2,756-65.4% |
| Participant deferral / active EE | $1,718 | $2,669-35.6% | $4,170-58.8% | $4,297-60.0% |
| Admin fee / account holder | $1,520 | $4,310-64.7% | $7,668-80.2% | $6,935-78.1% |