Filed March 1, 2022
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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.)
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 | $25,046 | $160,059-84.4% | $140,019-82.1% | $135,379-81.5% |
| Participation rate | 50.0% | 88.5%-38.5pp | 87.5%-37.5pp | 82.6%-32.6pp |
| Annual return | -1.49% | 911.44%-912.9pp | 651.15%-652.6pp | 519.79%-521.3pp |
| Employer contribution / active EE | $438 | $6,420-93.2% | $5,605-92.2% | $4,779-90.8% |
| Participant deferral / active EE | $4,940 | $7,641-35.4% | $6,927-28.7% | $5,609-11.9% |
| Admin fee / account holder | $19,792 | $13,328+48.5% | $10,705+84.9% | $10,828+82.8% |