Filed October 3, 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 | $5,554 | $184,000-97.0% | $162,185-96.6% | $152,909-96.4% |
| Participation rate | 69.6% | 88.5%-18.9pp | 87.6%-18.0pp | 82.5%-12.9pp |
| Annual return | -84.33% | 150.80%-235.1pp | 115.61%-199.9pp | 345.46%-429.8pp |
| Employer contribution / active EE | $3,455 | $6,370-45.8% | $5,613-38.4% | $4,764-27.5% |
| Participant deferral / active EE | $0 | $8,033-100.0% | $7,297-100.0% | $5,851-100.0% |
| Admin fee / account holder | $1,217 | $13,124-90.7% | $10,844-88.8% | $11,601-89.5% |