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 | $22,584 | $42,383-46.7% | $76,518-70.5% | $64,173-64.8% |
| Participation rate | 28.3% | 58.1%-29.9pp | 68.0%-39.7pp | 69.6%-41.3pp |
| Annual return | -0.39% | -16.54%+16.1pp | -0.27%-0.1pp | 7.63%-8.0pp |
| Employer contribution / active EE | $1,088 | $1,563-30.4% | $2,647-58.9% | $2,381-54.3% |
| Participant deferral / active EE | $1,525 | $2,566-40.6% | $3,836-60.2% | $3,470-56.0% |
| Admin fee / account holder | $4,980 | $3,198+55.7% | $4,849+2.7% | $4,887+1.9% |