Filed May 19, 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 | $21,549 | $61,605-65.0% | $112,273-80.8% | $75,181-71.3% |
| Participation rate | 40.0% | 61.7%-21.7pp | 72.4%-32.4pp | 67.2%-27.2pp |
| Annual return | 17.30% | 28.47%-11.2pp | 30.23%-12.9pp | 160.69%-143.4pp |
| Employer contribution / active EE | $1,474 | $2,015-26.9% | $3,431-57.0% | $2,671-44.8% |
| Participant deferral / active EE | $2,135 | $3,108-31.3% | $4,800-55.5% | $4,126-48.2% |
| Admin fee / account holder | $831 | $4,862-82.9% | $7,752-89.3% | $5,650-85.3% |