Filed November 30, 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 | $51,869 | $60,349-14.1% | $74,184-30.1% | $62,881-17.5% |
| Participation rate | 69.4% | 72.7%-3.3pp | 76.6%-7.2pp | 69.3%+0.1pp |
| Annual return | 9.82% | 21.38%-11.6pp | 17.74%-7.9pp | 20.14%-10.3pp |
| Employer contribution / active EE | $739 | $1,680-56.0% | $2,370-68.8% | $2,281-67.6% |
| Participant deferral / active EE | $2,046 | $2,856-28.4% | $3,550-42.4% | $3,203-36.1% |
| Admin fee / account holder | $3,368 | $4,261-20.9% | $5,586-39.7% | $4,296-21.6% |