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 | $46,192 | $50,554-8.6% | $67,681-31.8% | $87,485-47.2% |
| Participation rate | 54.7% | 67.7%-13.0pp | 73.7%-19.0pp | 68.9%-14.2pp |
| Annual return | 17.06% | 17.81%-0.8pp | 590.58%-573.5pp | 26.06%-9.0pp |
| Employer contribution / active EE | $1,598 | $1,988-19.7% | $2,678-40.3% | $2,596-38.5% |
| Participant deferral / active EE | $3,269 | $2,961+10.4% | $3,976-17.8% | $4,274-23.5% |
| Admin fee / account holder | $1,224 | $4,132-70.4% | $6,100-79.9% | $7,775-84.3% |