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 | $76,834+49.5% | $108,359+6.0% | $87,485+31.3% |
| Participation rate | 54.6% | 61.7%-7.1pp | 70.1%-15.5pp | 68.9%-14.3pp |
| Annual return | 13.54% | 19.09%-5.5pp | 36.89%-23.4pp | 26.06%-12.5pp |
| Employer contribution / active EE | $1,614 | $1,556+3.7% | $2,399-32.7% | $2,596-37.8% |
| Participant deferral / active EE | $2,427 | $3,100-21.7% | $4,137-41.3% | $4,274-43.2% |
| Admin fee / account holder | $4,900 | $6,537-25.0% | $9,741-49.7% | $7,775-37.0% |