Filed May 16, 2022 (most recent of 2 filings on file)
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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 | $34,683 | $65,961-47.4% | $180,320-80.8% | $94,015-63.1% |
| Participation rate | 64.6% | 61.3%+3.4pp | 71.5%-6.9pp | 70.8%-6.2pp |
| Annual return | 19.81% | 14.27%+5.5pp | 778.54%-758.7pp | 17.84%+2.0pp |
| Employer contribution / active EE | $890 | $1,737-48.8% | $4,108-78.3% | $2,790-68.1% |
| Participant deferral / active EE | $2,635 | $3,003-12.3% | $4,304-38.8% | $4,249-38.0% |
| Admin fee / account holder | $1,423 | $4,901-71.0% | $10,000-85.8% | $8,951-84.1% |