Filed March 23, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $103,713 | $72,272+43.5% | $101,264+2.4% | $79,858+29.9% |
| Participation rate | 53.5% | 68.5%-15.0pp | 75.8%-22.3pp | 69.6%-16.1pp |
| Annual return | 8.20% | 22.30%-14.1pp | 46.48%-38.3pp | 31.72%-23.5pp |
| Employer contribution / active EE | $1,410 | $2,692-47.6% | $3,660-61.5% | $2,471-42.9% |
| Participant deferral / active EE | $2,118 | $3,282-35.4% | $4,370-51.5% | $3,740-43.4% |
| Admin fee / account holder | $865 | $4,401-80.4% | $5,947-85.5% | $5,306-83.7% |