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 | $42,966 | $49,199-12.7% | $121,210-64.6% | $75,177-42.8% |
| Participation rate | 27.4% | 55.4%-28.0pp | 69.5%-42.2pp | 67.2%-39.8pp |
| Annual return | 16.41% | 56.04%-39.6pp | 987.41%-971.0pp | 160.75%-144.3pp |
| Employer contribution / active EE | $624 | $1,547-59.7% | $4,171-85.0% | $2,671-76.6% |
| Participant deferral / active EE | $1,899 | $2,630-27.8% | $4,084-53.5% | $4,126-54.0% |
| Admin fee / account holder | $391 | $3,946-90.1% | $5,647-93.1% | $5,651-93.1% |