Filed September 29, 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 | $96,485 | $54,213+78.0% | $93,696+3.0% | $77,736+24.1% |
| Participation rate | 27.7% | 64.0%-36.3pp | 68.7%-41.0pp | 70.6%-42.9pp |
| Annual return | 15.11% | 30.55%-15.4pp | 133.74%-118.6pp | 31.26%-16.1pp |
| Employer contribution / active EE | $1,082 | $1,168-7.4% | $2,422-55.3% | $2,728-60.4% |
| Participant deferral / active EE | $1,788 | $3,145-43.1% | $4,417-59.5% | $4,651-61.6% |
| Admin fee / account holder | $1,873 | $575+225.8% | $8,287-77.4% | $433+332.2% |