Filed September 27, 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 | $32,907 | $91,559-64.1% | $133,959-75.4% | $79,858-58.8% |
| Participation rate | 64.7% | 73.3%-8.6pp | 79.8%-15.1pp | 69.6%-4.9pp |
| Annual return | 17.01% | 61.85%-44.8pp | 45.09%-28.1pp | 31.72%-14.7pp |
| Employer contribution / active EE | $1,294 | $2,384-45.7% | $3,919-67.0% | $2,471-47.6% |
| Participant deferral / active EE | $2,257 | $3,734-39.6% | $5,047-55.3% | $3,740-39.7% |
| Admin fee / account holder | $949 | $6,321-85.0% | $8,928-89.4% | $5,306-82.1% |