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 | $21,216 | $51,631-58.9% | $129,397-83.6% | $80,925-73.8% |
| Participation rate | 51.5% | 56.9%-5.4pp | 69.6%-18.1pp | 67.7%-16.1pp |
| Annual return | 15.47% | 20.77%-5.3pp | 9453.98%-9438.5pp | 35.65%-20.2pp |
| Employer contribution / active EE | $826 | $1,583-47.8% | $4,154-80.1% | $2,756-70.0% |
| Participant deferral / active EE | $2,214 | $2,670-17.1% | $4,167-46.9% | $4,299-48.5% |
| Admin fee / account holder | $329 | $4,309-92.4% | $7,679-95.7% | $6,940-95.3% |