Filed October 15, 2021
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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 | $43,281 | $67,638-36.0% | $133,346-67.5% | $69,733-37.9% |
| Participation rate | 37.0% | 54.3%-17.2pp | 72.8%-35.8pp | 62.5%-25.4pp |
| Annual return | 18.84% | 13.38%+5.5pp | 36.85%-18.0pp | 15.22%+3.6pp |
| Employer contribution / active EE | $233 | $1,177-80.2% | $2,853-91.8% | $2,250-89.6% |
| Participant deferral / active EE | $2,633 | $2,567+2.6% | $4,332-39.2% | $3,054-13.8% |
| Admin fee / account holder | $1,596 | $4,814-66.8% | $14,264-88.8% | $3,102-48.5% |