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 | $47,169 | $43,730+7.9% | $121,220-61.1% | $64,173-26.5% |
| Participation rate | 40.0% | 58.3%-18.3pp | 71.8%-31.8pp | 69.6%-29.6pp |
| Annual return | -5.80% | 68.94%-74.7pp | 16.94%-22.7pp | 7.63%-13.4pp |
| Employer contribution / active EE | $901 | $1,297-30.5% | $4,023-77.6% | $2,381-62.2% |
| Participant deferral / active EE | $2,574 | $2,281+12.9% | $3,345-23.0% | $3,470-25.8% |
| Admin fee / account holder | $50,764 | $3,502+1349.4% | $5,021+911.1% | $4,887+938.7% |