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 | $52,353-33.8% | $120,225-71.2% | $82,448-57.9% |
| Participation rate | 64.6% | 58.3%+6.3pp | 69.6%-5.0pp | 68.1%-3.5pp |
| Annual return | 19.81% | 61.85%-42.0pp | 439.23%-419.4pp | 41.64%-21.8pp |
| Employer contribution / active EE | $890 | $1,510-41.0% | $3,475-74.4% | $2,551-65.1% |
| Participant deferral / active EE | $2,635 | $2,627+0.3% | $3,999-34.1% | $4,139-36.4% |
| Admin fee / account holder | $1,423 | $4,363-67.4% | $5,696-75.0% | $7,234-80.3% |