Filed January 12, 2022
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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.)
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 | $10,824 | $55,449-80.5% | $83,830-87.1% | $56,287-80.8% |
| Participation rate | 58.3% | 68.0%-9.7pp | 76.1%-17.8pp | 69.9%-11.5pp |
| Annual return | -12.31% | -1.38%-10.9pp | 850.97%-863.3pp | -9.96%-2.3pp |
| Employer contribution / active EE | $1,356 | $2,430-44.2% | $3,631-62.7% | $2,111-35.8% |
| Participant deferral / active EE | $3,424 | $2,935+16.6% | $4,082-16.1% | $3,350+2.2% |
| Admin fee / account holder | $1,051 | $656+60.2% | $5,479-80.8% | $521+101.7% |