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 | $56,431-38.5% | $130,788-73.5% | $87,485-60.4% |
| Participation rate | 64.6% | 58.9%+5.7pp | 70.1%-5.5pp | 68.9%-4.3pp |
| Annual return | 19.81% | 91.27%-71.5pp | 386.44%-366.6pp | 26.06%-6.2pp |
| Employer contribution / active EE | $890 | $1,549-42.5% | $3,558-75.0% | $2,596-65.7% |
| Participant deferral / active EE | $2,635 | $2,749-4.2% | $4,137-36.3% | $4,274-38.4% |
| Admin fee / account holder | $1,423 | $4,433-67.9% | $6,673-78.7% | $7,775-81.7% |