Filed March 1, 2023 (most recent of 2 filings on file)
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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 | $80,896 | $137,414-41.1% | $189,545-57.3% | $85,851-5.8% |
| Participation rate | 68.5% | 84.6%-16.1pp | 87.8%-19.3pp | 69.3%-0.8pp |
| Annual return | 13.47% | 38.14%-24.7pp | 555.36%-541.9pp | 318.63%-305.2pp |
| Employer contribution / active EE | $1,940 | $4,344-55.4% | $6,162-68.5% | $2,565-24.4% |
| Participant deferral / active EE | $4,145 | $6,260-33.8% | $8,220-49.6% | $3,952+4.9% |
| Admin fee / account holder | $10,416 | $8,630+20.7% | $12,049-13.5% | $6,261+66.4% |