Filed May 27, 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 | $28,037 | $53,128-47.2% | $86,582-67.6% | $70,126-60.0% |
| Participation rate | 62.9% | 65.3%-2.4pp | 73.5%-10.7pp | 69.5%-6.7pp |
| Annual return | 16.47% | 27.66%-11.2pp | 965.08%-948.6pp | 73.15%-56.7pp |
| Employer contribution / active EE | $1,169 | $2,068-43.5% | $2,839-58.8% | $2,343-50.1% |
| Participant deferral / active EE | $2,076 | $2,695-23.0% | $3,609-42.5% | $3,332-37.7% |
| Admin fee / account holder | $398 | $3,584-88.9% | $4,904-91.9% | $4,645-91.4% |