Filed September 16, 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 | $114,878 | $83,898+36.9% | $133,346-13.8% | $94,015+22.2% |
| Participation rate | 54.6% | 63.4%-8.7pp | 72.8%-18.2pp | 70.8%-16.2pp |
| Annual return | 13.54% | 16.00%-2.5pp | 36.85%-23.3pp | 17.84%-4.3pp |
| Employer contribution / active EE | $1,614 | $1,821-11.3% | $2,853-43.4% | $2,790-42.2% |
| Participant deferral / active EE | $2,427 | $3,245-25.2% | $4,332-44.0% | $4,249-42.9% |
| Admin fee / account holder | $4,900 | $7,809-37.3% | $14,264-65.7% | $8,951-45.3% |