Filed June 1, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,019 | $73,988-85.1% | $96,538-88.6% | $75,177-85.3% |
| Participation rate | 51.6% | 66.4%-14.8pp | 74.3%-22.7pp | 67.2%-15.6pp |
| Annual return | -26.74% | 26.73%-53.5pp | 35.74%-62.5pp | 160.75%-187.5pp |
| Employer contribution / active EE | $1,134 | $2,930-61.3% | $3,740-69.7% | $2,671-57.5% |
| Participant deferral / active EE | $2,292 | $3,660-37.4% | $4,880-53.0% | $4,126-44.5% |
| Admin fee / account holder | $3,661 | $5,220-29.9% | $6,737-45.7% | $5,651-35.2% |