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 | $52,450-27.5% | $129,397-70.6% | $74,429-48.9% |
| Participation rate | 17.7% | 53.8%-36.1pp | 69.6%-51.9pp | 67.2%-49.5pp |
| Annual return | 13.01% | 15.65%-2.6pp | 9453.98%-9441.0pp | 1368.38%-1355.4pp |
| Employer contribution / active EE | $394 | $1,532-74.3% | $4,154-90.5% | $2,625-85.0% |
| Participant deferral / active EE | $1,133 | $2,797-59.5% | $4,167-72.8% | $4,348-74.0% |
| Admin fee / account holder | $11,903 | $2,636+351.6% | $7,679+55.0% | $1,944+512.2% |