Filed May 25, 2023
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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 | $80,307 | $81,446-1.4% | $103,374-22.3% | $80,874-0.7% |
| Participation rate | 52.5% | 66.9%-14.4pp | 74.5%-22.0pp | 67.6%-15.1pp |
| Annual return | 18.61% | 25.57%-7.0pp | 24.89%-6.3pp | 35.62%-17.0pp |
| Employer contribution / active EE | $1,803 | $3,107-42.0% | $3,869-53.4% | $2,756-34.6% |
| Participant deferral / active EE | $3,973 | $3,870+2.7% | $5,058-21.5% | $4,297-7.5% |
| Admin fee / account holder | $24,305 | $6,715+262.0% | $8,394+189.5% | $6,935+250.5% |