Filed March 1, 2023 (most recent of 4 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 | $46,113 | $38,925+18.5% | $73,836-37.5% | $55,191-16.4% |
| Participation rate | 42.3% | 66.0%-23.7pp | 73.4%-31.1pp | 69.2%-26.9pp |
| Annual return | 44.89% | 6.31%+38.6pp | 2268.06%-2223.2pp | 10.78%+34.1pp |
| Employer contribution / active EE | $593 | $1,695-65.0% | $2,787-78.7% | $1,899-68.8% |
| Participant deferral / active EE | $1,672 | $2,351-28.9% | $3,583-53.3% | $3,046-45.1% |
| Admin fee / account holder | $1,763 | $83+2027.8% | $4,882-63.9% | $91+1842.2% |