Filed April 26, 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 | $170,072 | $85,515+98.9% | $112,040+51.8% | $67,986+150.2% |
| Participation rate | 65.4% | 68.2%-2.8pp | 76.5%-11.1pp | 57.2%+8.2pp |
| Annual return | 16.91% | 29.68%-12.8pp | 24.52%-7.6pp | 31.67%-14.8pp |
| Employer contribution / active EE | $2,074 | $2,191-5.3% | $2,954-29.8% | $2,019+2.7% |
| Participant deferral / active EE | $3,544 | $4,014-11.7% | $5,098-30.5% | $3,358+5.5% |
| Admin fee / account holder | $1,383 | $3,774-63.4% | $12,098-88.6% | $3,203-56.8% |