Filed April 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 | $98,131 | $101,763-3.6% | $164,866-40.5% | $80,874+21.3% |
| Participation rate | 64.2% | 71.8%-7.6pp | 78.6%-14.4pp | 67.6%-3.5pp |
| Annual return | 12.89% | 16.73%-3.8pp | 69.97%-57.1pp | 35.62%-22.7pp |
| Employer contribution / active EE | $2,183 | $2,954-26.1% | $4,343-49.7% | $2,756-20.8% |
| Participant deferral / active EE | $4,271 | $4,477-4.6% | $6,033-29.2% | $4,297-0.6% |
| Admin fee / account holder | $1,584 | $8,228-80.7% | $12,689-87.5% | $6,935-77.2% |