Filed November 2, 2021
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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 | $151,077 | $56,894+165.5% | $84,753+78.3% | $62,881+140.3% |
| Participation rate | 27.3% | 68.5%-41.3pp | 76.6%-49.3pp | 69.3%-42.0pp |
| Annual return | 8.43% | 6.30%+2.1pp | 22.78%-14.3pp | 20.14%-11.7pp |
| Employer contribution / active EE | $845 | $2,400-64.8% | $3,574-76.4% | $2,281-62.9% |
| Participant deferral / active EE | $1,636 | $2,709-39.6% | $3,712-55.9% | $3,203-48.9% |
| Admin fee / account holder | $2,437 | $3,581-31.9% | $5,333-54.3% | $4,296-43.3% |