Filed May 15, 2023 (most recent of 2 filings on file)
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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 | $55,532 | $52,678+5.4% | $75,782-26.7% | $59,632-6.9% |
| Participation rate | 69.1% | 67.2%+1.9pp | 75.8%-6.7pp | 68.7%+0.4pp |
| Annual return | -1.20% | 2.95%-4.2pp | 9.68%-10.9pp | 2041.32%-2042.5pp |
| Employer contribution / active EE | $1,862 | $2,193-15.1% | $3,323-44.0% | $2,203-15.5% |
| Participant deferral / active EE | $4,265 | $2,591+64.6% | $3,652+16.8% | $3,192+33.6% |
| Admin fee / account holder | $5,652 | $3,610+56.6% | $5,300+6.6% | $4,297+31.5% |