Filed February 6, 2023
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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 | $28,854 | $76,407-62.2% | $150,298-80.8% | $82,448-65.0% |
| Participation rate | 65.3% | 66.4%-1.1pp | 77.8%-12.5pp | 68.1%-2.8pp |
| Annual return | 27.49% | 39.99%-12.5pp | 62.79%-35.3pp | 41.64%-14.2pp |
| Employer contribution / active EE | $3,104 | $2,614+18.7% | $4,154-25.3% | $2,551+21.7% |
| Participant deferral / active EE | $5,925 | $3,214+84.3% | $5,453+8.7% | $4,139+43.1% |
| Admin fee / account holder | $2,647 | $6,352-58.3% | $14,116-81.2% | $7,234-63.4% |