Filed November 9, 2021
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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 | $57,489 | $57,073+0.7% | $85,126-32.5% | $80,925-29.0% |
| Participation rate | 39.3% | 56.4%-17.1pp | 67.5%-28.2pp | 67.7%-28.4pp |
| Annual return | 13.39% | 21.69%-8.3pp | 66.63%-53.2pp | 35.65%-22.3pp |
| Employer contribution / active EE | $1,192 | $1,801-33.8% | $2,731-56.4% | $2,756-56.8% |
| Participant deferral / active EE | $3,140 | $3,113+0.9% | $4,523-30.6% | $4,299-26.9% |
| Admin fee / account holder | $15,953 | $4,988+219.8% | $6,160+159.0% | $6,940+129.9% |