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 | $59,962 | $110,083-45.5% | $151,645-60.5% | $68,490-12.5% |
| Participation rate | 64.4% | 84.0%-19.5pp | 87.5%-23.0pp | 67.9%-3.5pp |
| Annual return | -18.21% | -10.12%-8.1pp | 3.34%-21.6pp | -7.85%-10.4pp |
| Employer contribution / active EE | $1,812 | $4,470-59.5% | $6,165-70.6% | $2,597-30.2% |
| Participant deferral / active EE | $4,025 | $6,526-38.3% | $8,363-51.9% | $4,028-0.1% |
| Admin fee / account holder | $6,549 | $7,718-15.1% | $11,614-43.6% | $5,403+21.2% |