Filed July 26, 2022
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,986 | $88,324-42.3% | $115,038-55.7% | $55,191-7.6% |
| Participation rate | 46.5% | 72.5%-26.1pp | 81.4%-34.9pp | 69.2%-22.7pp |
| Annual return | 0.60% | 6.30%-5.7pp | 26.14%-25.5pp | 10.78%-10.2pp |
| Employer contribution / active EE | $498 | $2,805-82.3% | $4,608-89.2% | $1,899-73.8% |
| Participant deferral / active EE | $4,999 | $5,042-0.9% | $6,026-17.1% | $3,046+64.1% |
| Admin fee / account holder | $13 | $105-87.3% | $8,175-99.8% | $91-85.3% |