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 | $56,766 | $80,177-29.2% | $123,894-54.2% | $57,658-1.5% |
| Participation rate | 49.9% | 74.4%-24.6pp | 81.4%-31.6pp | 70.2%-20.4pp |
| Annual return | 8.33% | 17.90%-9.6pp | 47.52%-39.2pp | 5.13%+3.2pp |
| Employer contribution / active EE | $600 | $2,913-79.4% | $4,617-87.0% | $1,974-69.6% |
| Participant deferral / active EE | $5,041 | $5,130-1.7% | $5,984-15.8% | $3,061+64.7% |
| Admin fee / account holder | $17 | $106-83.9% | $8,357-99.8% | $95-81.9% |