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 | $43,238 | $48,570-11.0% | $130,660-66.9% | $72,976-40.8% |
| Participation rate | 55.2% | 58.6%-3.4pp | 71.7%-16.6pp | 69.5%-14.3pp |
| Annual return | 19.85% | 38.63%-18.8pp | 1709.29%-1689.4pp | 81.02%-61.2pp |
| Employer contribution / active EE | $493 | $1,334-63.1% | $4,092-88.0% | $2,440-79.8% |
| Participant deferral / active EE | $1,408 | $2,384-40.9% | $3,603-60.9% | $3,608-61.0% |
| Admin fee / account holder | $5,888 | $3,549+65.9% | $5,463+7.8% | $5,124+14.9% |