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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,110 | $61,125-13.1% | $94,057-43.5% | $87,485-39.3% |
| Participation rate | 57.9% | 64.1%-6.2pp | 73.3%-15.4pp | 68.9%-11.0pp |
| Annual return | 12.00% | 35.20%-23.2pp | 480.62%-468.6pp | 26.06%-14.1pp |
| Employer contribution / active EE | $1,548 | $2,136-27.5% | $2,933-47.2% | $2,596-40.4% |
| Participant deferral / active EE | $2,507 | $3,260-23.1% | $4,709-46.8% | $4,274-41.3% |
| Admin fee / account holder | $4,719 | $5,629-16.2% | $7,244-34.9% | $7,775-39.3% |