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 | $23,953 | $47,848-49.9% | $81,473-70.6% | $70,126-65.8% |
| Participation rate | 37.2% | 58.3%-21.1pp | 68.0%-30.7pp | 69.5%-32.3pp |
| Annual return | 16.38% | 27.25%-10.9pp | 38.78%-22.4pp | 73.15%-56.8pp |
| Employer contribution / active EE | $1,050 | $1,527-31.3% | $2,568-59.1% | $2,343-55.2% |
| Participant deferral / active EE | $1,565 | $2,453-36.2% | $3,537-55.7% | $3,332-53.0% |
| Admin fee / account holder | $1,633 | $3,145-48.1% | $4,561-64.2% | $4,645-64.8% |