Filed March 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 | $152,006 | $108,825+39.7% | $156,181-2.7% | $82,448+84.4% |
| Participation rate | 65.1% | 72.4%-7.3pp | 78.8%-13.7pp | 68.1%-3.0pp |
| Annual return | 16.54% | 20.59%-4.1pp | 64.87%-48.3pp | 41.64%-25.1pp |
| Employer contribution / active EE | $3,081 | $2,870+7.4% | $4,294-28.2% | $2,551+20.8% |
| Participant deferral / active EE | $5,772 | $4,577+26.1% | $6,132-5.9% | $4,139+39.4% |
| Admin fee / account holder | $2,558 | $9,341-72.6% | $14,586-82.5% | $7,234-64.6% |