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 | $130,358 | $81,870+59.2% | $119,634+9.0% | $68,490+90.3% |
| Participation rate | 64.1% | 71.9%-7.8pp | 79.3%-15.2pp | 67.9%-3.8pp |
| Annual return | -5.95% | -23.82%+17.9pp | -14.98%+9.0pp | -7.85%+1.9pp |
| Employer contribution / active EE | $2,867 | $2,692+6.5% | $4,232-32.3% | $2,597+10.4% |
| Participant deferral / active EE | $5,200 | $4,148+25.4% | $5,601-7.2% | $4,028+29.1% |
| Admin fee / account holder | $13,657 | $6,583+107.5% | $10,329+32.2% | $5,403+152.8% |