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 | $81,504-1.5% | $102,437-21.6% | $80,959-0.8% |
| Participation rate | 52.5% | 66.9%-14.4pp | 74.5%-22.0pp | 67.7%-15.2pp |
| Annual return | 18.61% | 25.60%-7.0pp | 24.95%-6.3pp | 35.67%-17.1pp |
| Employer contribution / active EE | $1,803 | $3,104-41.9% | $3,871-53.4% | $2,757-34.6% |
| Participant deferral / active EE | $3,973 | $3,871+2.6% | $5,060-21.5% | $4,300-7.6% |
| Admin fee / account holder | $24,305 | $6,719+261.7% | $8,388+189.8% | $6,925+251.0% |