Filed October 21, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,634 | $58,868-24.2% | $191,597-76.7% | $64,097-30.4% |
| Participation rate | 30.4% | 50.0%-19.6pp | 76.9%-46.5pp | 55.2%-24.8pp |
| Annual return | 16.92% | 31.54%-14.6pp | 27.07%-10.2pp | 34.64%-17.7pp |
| Employer contribution / active EE | $659 | $2,243-70.6% | $5,025-86.9% | $1,891-65.1% |
| Participant deferral / active EE | $2,059 | $3,724-44.7% | $6,850-69.9% | $3,080-33.1% |
| Admin fee / account holder | $6,443 | $4,871+32.3% | $22,799-71.7% | $3,454+86.5% |