Filed June 23, 2023 (most recent of 2 filings on file)
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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 | $30,572 | $56,110-45.5% | $94,993-67.8% | $70,126-56.4% |
| Participation rate | 56.7% | 65.0%-8.3pp | 73.9%-17.2pp | 69.5%-12.9pp |
| Annual return | 17.39% | 51.02%-33.6pp | 27.14%-9.8pp | 73.15%-55.8pp |
| Employer contribution / active EE | $302 | $1,442-79.1% | $2,603-88.4% | $2,343-87.1% |
| Participant deferral / active EE | $3,021 | $2,391+26.3% | $3,317-8.9% | $3,332-9.3% |
| Admin fee / account holder | $2,250 | $3,456-34.9% | $4,960-54.6% | $4,645-51.6% |