Filed May 6, 2022
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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 | $38,009 | $52,507-27.6% | $129,406-70.6% | $74,478-49.0% |
| Participation rate | 17.7% | 53.9%-36.2pp | 69.6%-51.9pp | 67.2%-49.5pp |
| Annual return | 13.01% | 15.64%-2.6pp | 9468.18%-9455.2pp | 1370.56%-1357.6pp |
| Employer contribution / active EE | $394 | $1,534-74.3% | $4,155-90.5% | $2,626-85.0% |
| Participant deferral / active EE | $1,133 | $2,801-59.6% | $4,167-72.8% | $4,350-74.0% |
| Admin fee / account holder | $11,903 | $2,639+351.0% | $7,689+54.8% | $1,946+511.7% |