Filed September 22, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,336 | $56,894+2.5% | $84,753-31.2% | $62,881-7.2% |
| Participation rate | 68.4% | 68.5%-0.1pp | 76.6%-8.2pp | 69.3%-0.9pp |
| Annual return | 6.24% | 6.30%-0.1pp | 22.78%-16.5pp | 20.14%-13.9pp |
| Employer contribution / active EE | $1,819 | $2,400-24.2% | $3,574-49.1% | $2,281-20.3% |
| Participant deferral / active EE | $4,173 | $2,709+54.0% | $3,712+12.4% | $3,203+30.3% |
| Admin fee / account holder | $7,135 | $3,581+99.3% | $5,333+33.8% | $4,296+66.1% |