Filed December 2, 2021
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $9,758 | $49,976-80.5% | $66,674-85.4% | $82,637-88.2% |
| Participation rate | 69.6% | 63.1%+6.5pp | 73.7%-4.0pp | 68.1%+1.6pp |
| Annual return | 12.71% | 39.09%-26.4pp | 321.24%-308.5pp | 53.51%-40.8pp |
| Employer contribution / active EE | $17 | $1,988-99.1% | $2,620-99.3% | $2,552-99.3% |
| Participant deferral / active EE | $981 | $2,847-65.5% | $4,084-76.0% | $4,126-76.2% |
| Admin fee / account holder | $2,235 | $4,594-51.3% | $5,098-56.2% | $7,339-69.5% |