Filed January 17, 2023
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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 | $40,746 | $48,337-15.7% | $67,560-39.7% | $80,959-49.7% |
| Participation rate | 45.5% | 66.4%-21.0pp | 72.9%-27.5pp | 67.7%-22.2pp |
| Annual return | 15.93% | 18.26%-2.3pp | 3533.50%-3517.6pp | 35.67%-19.7pp |
| Employer contribution / active EE | $1,717 | $2,023-15.1% | $2,737-37.2% | $2,757-37.7% |
| Participant deferral / active EE | $3,448 | $2,928+17.7% | $4,004-13.9% | $4,300-19.8% |
| Admin fee / account holder | $1,661 | $3,695-55.0% | $3,994-58.4% | $6,925-76.0% |