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 | $151,598 | $79,209+91.4% | $102,434+48.0% | $74,459+103.6% |
| Participation rate | 62.7% | 74.8%-12.0pp | 76.5%-13.8pp | 67.2%-4.5pp |
| Annual return | 11.55% | 54.98%-43.4pp | 29.46%-17.9pp | 1369.70%-1358.2pp |
| Employer contribution / active EE | $2,039 | $2,362-13.7% | $3,023-32.5% | $2,626-22.3% |
| Participant deferral / active EE | $3,365 | $4,417-23.8% | $5,055-33.4% | $4,350-22.6% |
| Admin fee / account holder | $952 | $2,002-52.5% | $9,462-89.9% | $1,945-51.1% |