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 | $65,246-33.7% | $98,716-56.2% | $67,986-36.3% |
| Participation rate | 37.0% | 51.4%-14.4pp | 69.3%-32.3pp | 57.2%-20.2pp |
| Annual return | 18.84% | 20.58%-1.7pp | 31.81%-13.0pp | 31.67%-12.8pp |
| Employer contribution / active EE | $233 | $1,042-77.6% | $2,279-89.8% | $2,019-88.5% |
| Participant deferral / active EE | $2,633 | $2,594+1.5% | $4,048-35.0% | $3,358-21.6% |
| Admin fee / account holder | $1,596 | $4,561-65.0% | $8,703-81.7% | $3,203-50.2% |