Filed December 7, 2021 (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.
Participant 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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,725 | $54,757-89.5% | $90,304-93.7% | $72,975-92.2% |
| Participation rate | 0.0% | 65.2%-65.2pp | 73.3%-73.3pp | 69.5%-69.5pp |
| Annual return | 14.34% | 30.63%-16.3pp | 78.13%-63.8pp | 81.01%-66.7pp |
| Employer contribution / active EE | $0 | $2,093-100.0% | $2,855-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $316 | $2,887-89.1% | $3,885-91.9% | $3,608-91.2% |
| Admin fee / account holder | $4,037 | $3,973+1.6% | $5,354-24.6% | $5,124-21.2% |