Filed August 15, 2022 (most recent of 2 filings on file)
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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 | $53,110 | $64,920-18.2% | $103,693-48.8% | $86,983-38.9% |
| Participation rate | 57.9% | 63.6%-5.7pp | 72.6%-14.7pp | 69.5%-11.6pp |
| Annual return | 12.00% | 30.29%-18.3pp | 47.61%-35.6pp | 25.83%-13.8pp |
| Employer contribution / active EE | $1,548 | $2,141-27.7% | $2,920-47.0% | $2,584-40.1% |
| Participant deferral / active EE | $2,507 | $3,241-22.6% | $4,579-45.2% | $4,194-40.2% |
| Admin fee / account holder | $4,719 | $6,191-23.8% | $7,858-39.9% | $7,856-39.9% |